Texas Capital Bank Wealth Management Services Inc Makes New Investment in U.S. Bancorp $USB

Key Points

• Texas Capital Bank Wealth Management Services Inc acquired 10,138 shares of U.S. Bancorp valued at approximately $428,000 in the first quarter, marking their new investment in the financial services provider.
• Institutional investors collectively own 77.60% of U.S. Bancorp's stock, with significant increases in stakes from Wesbanco Bank Inc., Crestwood Advisors Group LLC, and others during the same timeframe.
• U.S. Bancorp reported $1.11 EPS for the latest quarter, exceeding analysts' consensus estimates, and has set a dividend yield of 4.3% based on its quarterly distribution of $0.50 per share.

Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,138 shares of the financial services provider's stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Westend Capital Management LLC purchased a new stake in shares of U.S. Bancorp during the first quarter valued at approximately $27,000. YANKCOM Partnership increased its stake in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after buying an additional 260 shares during the period. Alpine Bank Wealth Management bought a new stake in U.S. Bancorp during the 1st quarter valued at $30,000. REAP Financial Group LLC boosted its position in U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in U.S. Bancorp by 118.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after buying an additional 420 shares during the period. 77.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on USB shares. The Goldman Sachs Group boosted their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. TD Cowen initiated coverage on U.S. Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price on the stock. Cowen initiated coverage on U.S. Bancorp in a report on Wednesday, May 14th. They set a "buy" rating on the stock. Truist Financial upped their price target on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Stock Up 4.5%

Shares of NYSE USB traded up $2.0710 on Friday, reaching $48.2410. 12,678,587 shares of the company's stock traded hands, compared to its average volume of 7,768,210. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The business's 50 day simple moving average is $45.70 and its two-hundred day simple moving average is $43.83. The company has a market cap of $75.07 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The firm had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the transaction, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.