Wealth Alliance Advisory Group LLC Sells 11,600 Shares of U.S. Bancorp $USB

Key Points

• Wealth Alliance Advisory Group LLC has reduced its stake in U.S. Bancorp by 64.5%, selling 11,600 shares, and now holds 6,372 shares valued at approximately $288,000.
• U.S. Bancorp recently declared a quarterly dividend of $0.52 per share, an increase from the previous $0.50, representing a 4.2% yield for investors of record.
• The stock has a current market cap of $76.46 billion and reported earnings per share of $1.11 for the most recent quarter, exceeding analysts' expectations.

Wealth Alliance Advisory Group LLC cut its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 64.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,372 shares of the financial services provider's stock after selling 11,600 shares during the period. Wealth Alliance Advisory Group LLC's holdings in U.S. Bancorp were worth $288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. TrinityPoint Wealth LLC boosted its holdings in U.S. Bancorp by 2.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 231 shares during the period. Bestgate Wealth Advisors LLC boosted its holdings in U.S. Bancorp by 3.3% in the 1st 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 boosted its holdings in U.S. Bancorp by 4.2% in the 1st 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 boosted its holdings in U.S. Bancorp by 59.4% in the 1st 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 boosted its holdings in U.S. Bancorp by 0.6% in the 1st 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. 77.60% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Souheil Badran sold 23,727 shares of the business's 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 transaction, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $49.13 on Friday. 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 50-day moving average of $46.85 and a 200-day moving average of $44.00. The firm has a market cap of $76.46 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.55 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.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business posted $0.98 earnings per share. U.S. Bancorp's revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business 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 dividend of $0.52 per share. This is an increase 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 is Tuesday, September 30th. U.S. Bancorp's dividend payout ratio is presently 47.85%.

Analyst Upgrades and Downgrades

USB has been the subject of several analyst reports. Evercore ISI raised their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a report on Wednesday, June 4th. Truist Financial raised their price target on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $51.00 to $57.00 in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.55.

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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