U.S. Bancorp $USB Shares Acquired by Providence Capital Advisors LLC

Key Points

• Providence Capital Advisors LLC increased its holdings in U.S. Bancorp by 6.6%, owning approximately 209,182 shares, making it the firm's 8th largest investment.
• U.S. Bancorp reported a 12-month low of $35.18 and a high of $53.98, with a current market cap of $72.92 billion and a P/E ratio of 11.21.
• The company declared a quarterly dividend of $0.50 per share, yielding 4.3%, with a payout ratio of 47.85% as of its last dividend announcement.

Providence Capital Advisors LLC raised its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,182 shares of the financial services provider's stock after buying an additional 12,968 shares during the quarter. U.S. Bancorp accounts for approximately 1.8% of Providence Capital Advisors LLC's holdings, making the stock its 8th biggest holding. Providence Capital Advisors LLC's holdings in U.S. Bancorp were worth $8,832,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Westend Capital Management LLC acquired a new stake in shares of U.S. Bancorp in the first quarter valued at $27,000. YANKCOM Partnership grew its holdings in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in U.S. Bancorp during the 1st quarter worth about $30,000. REAP Financial Group LLC grew its holdings 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 worth $31,000 after acquiring an additional 297 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its holdings 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 worth $31,000 after acquiring an additional 420 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction on 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 transaction, the executive vice president directly owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Cowen assumed coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. The Goldman Sachs Group upped their target price 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. Oppenheimer increased their price target on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.55.

U.S. Bancorp Stock Up 0.2%

Shares of USB traded up $0.0940 during mid-day trading on Tuesday, hitting $46.2040. 5,548,246 shares of the company's stock were exchanged, compared to its average volume of 10,613,468. The company has a market cap of $71.90 billion, a PE ratio of 11.05, a P/E/G ratio of 1.44 and a beta of 1.01. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a 50-day simple moving average of $45.49 and a 200 day simple moving average of $43.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81.

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

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. U.S. Bancorp's dividend payout ratio (DPR) is currently 47.85%.

U.S. Bancorp 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.