U.S. Bancorp $USB Stock Position Raised by S.E.E.D. Planning Group LLC

Key Points

• S.E.E.D. Planning Group LLC increased its holdings in U.S. Bancorp by 6.5% in Q2, now owning 213,317 shares valued at approximately $9.65 million.
• U.S. Bancorp recently declared a quarterly dividend of $0.52, representing a boost from the previous $0.50 dividend, with a yield of 4.2%.
• Analysts have a consensus rating of "Moderate Buy" for U.S. Bancorp, with an average price target of $52.55.

S.E.E.D. Planning Group LLC lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 213,317 shares of the financial services provider's stock after buying an additional 12,935 shares during the period. U.S. Bancorp accounts for approximately 3.0% of S.E.E.D. Planning Group LLC's holdings, making the stock its 15th biggest position. S.E.E.D. Planning Group LLC's holdings in U.S. Bancorp were worth $9,653,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. TrinityPoint Wealth LLC grew its position in shares of U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after buying an additional 231 shares during the last quarter. Bestgate Wealth Advisors LLC increased its stake in shares of U.S. Bancorp by 3.3% in the first quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock valued at $339,000 after purchasing an additional 253 shares during the period. Atlantic Family Wealth LLC increased its stake in shares of U.S. Bancorp by 4.2% in the first quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 254 shares during the period. 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 valued at $29,000 after purchasing an additional 260 shares during the period. Finally, Plancorp LLC increased its stake in shares of U.S. Bancorp by 0.6% in the first quarter. Plancorp LLC now owns 45,473 shares of the financial services provider's stock valued at $1,920,000 after purchasing an additional 260 shares during the period. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Trading Down 0.4%

Shares of NYSE:USB opened at $49.13 on Monday. The stock has a market capitalization of $76.46 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.54 and a beta of 1.05. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average price of $46.85 and a 200 day moving average price of $43.98.

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 for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.52 dividend. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. U.S. Bancorp's payout ratio is currently 47.85%.

Analyst Ratings Changes

Several equities research analysts have commented on USB shares. Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Citigroup raised their price objective on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group raised 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 note on Tuesday, June 10th. Oppenheimer raised their price objective on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley raised their price objective on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $52.55.

Insider Activity at U.S. Bancorp

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

About U.S. Bancorp

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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