Total Clarity Wealth Management Inc. Increases Stock Position in U.S. Bancorp $USB

Key Points

• Total Clarity Wealth Management Inc. increased its stake in U.S. Bancorp by 89% in Q2, now holding 25,491 shares valued at approximately $1.15 million.
• U.S. Bancorp has increased its quarterly dividend from $0.50 to $0.52, reflecting a yield of 4.6% and suggests a positive outlook for investors.
• Despite a recent **3.8% drop** in stock price to $45.29, U.S. Bancorp reported earnings of $1.11 per share, surpassing analyst expectations.

Total Clarity Wealth Management Inc. grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 89.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,491 shares of the financial services provider's stock after acquiring an additional 12,003 shares during the quarter. Total Clarity Wealth Management Inc.'s holdings in U.S. Bancorp were worth $1,153,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of U.S. Bancorp during the 1st quarter valued at about $26,000. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp in the first quarter worth approximately $27,000. YANKCOM Partnership boosted its holdings 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 last quarter. Alpine Bank Wealth Management purchased a new position in shares of U.S. Bancorp in the first quarter worth approximately $30,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of U.S. Bancorp by 1,212.1% in the first quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider's stock worth $32,000 after buying an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the sale, the executive vice president directly owned 70,346 shares of the company's stock, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Down 3.8%

Shares of USB opened at $45.29 on Monday. The firm has a market capitalization of $70.48 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.33 and a beta of 1.06. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a fifty day moving average price of $47.76 and a 200-day moving average price of $44.70.

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

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.6%. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp's payout ratio is currently 49.76%.

Wall Street Analyst Weigh In

USB has been the topic of a number of research reports. Evercore ISI raised their price objective on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock an "in-line" rating in a report on Tuesday, September 30th. Weiss Ratings reissued a "buy (b-)" rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. UBS Group raised their price objective on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, October 7th. Citigroup lifted their price objective on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Finally, DA Davidson lifted their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus price target of $53.11.

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.

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