U.S. Bancorp $USB Shares Purchased by Stockman Wealth Management Inc.

Key Points

• Stockman Wealth Management Inc. increased its stake in U.S. Bancorp by 5% during Q2, now owning 288,982 shares valued at approximately $13.08 million.
• U.S. Bancorp's stock received positive attention from analysts, with multiple price target increases and a consensus rating of "Moderate Buy".
• The company announced a dividend increase, raising its quarterly payment from $0.50 to $0.52 per share, indicating a commitment to returning value to shareholders.

Stockman Wealth Management Inc. boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 5.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 288,982 shares of the financial services provider's stock after acquiring an additional 13,644 shares during the period. U.S. Bancorp comprises about 1.8% of Stockman Wealth Management Inc.'s holdings, making the stock its 18th biggest holding. Stockman Wealth Management Inc.'s holdings in U.S. Bancorp were worth $13,076,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC raised its position in U.S. Bancorp by 21.7% during the second quarter. Avior Wealth Management LLC now owns 8,034 shares of the financial services provider's stock worth $364,000 after acquiring an additional 1,435 shares during the period. LVW Advisors LLC grew its holdings in shares of U.S. Bancorp by 0.9% during the second quarter. LVW Advisors LLC now owns 48,090 shares of the financial services provider's stock worth $2,176,000 after buying an additional 429 shares in the last quarter. US Asset Management LLC purchased a new stake in shares of U.S. Bancorp during the second quarter worth $205,000. Patton Fund Management Inc. purchased a new stake in shares of U.S. Bancorp during the second quarter worth $250,000. Finally, Kathmere Capital Management LLC grew its holdings in shares of U.S. Bancorp by 40.4% during the second quarter. Kathmere Capital Management LLC now owns 11,720 shares of the financial services provider's stock worth $530,000 after buying an additional 3,370 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of research reports. The Goldman Sachs Group upped their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Evercore ISI upped their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. Morgan Stanley upped their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. Finally, DA Davidson upped their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a report on Monday, July 21st. One investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.83.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, the executive vice president owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Up 0.8%

NYSE USB opened at $49.42 on Friday. The firm's 50-day moving average is $47.40 and its two-hundred day moving average is $44.35. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $76.91 billion, a P/E ratio of 11.82, a PEG ratio of 1.55 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. U.S. Bancorp'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. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.52 per share. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp's dividend payout ratio 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.

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