Wealth Preservation Advisors LLC Invests $223,000 in U.S. Bancorp $USB

Key Points

• Wealth Preservation Advisors LLC acquired a new stake in U.S. Bancorp, purchasing 5,280 shares valued at approximately $223,000 in the first quarter, indicating growing interest from institutional investors.
• U.S. Bancorp recently provided quarterly earnings data showing $1.11 EPS, exceeding analysts' expectations, alongside a revenue of $7.06 billion, highlighting a year-over-year revenue growth of 2.0%.
• The company declared a quarterly dividend of $0.50 per share, translating to an annualized dividend of $2.00 and a yield of 4.1%, reflecting its strong returns to shareholders.

Wealth Preservation Advisors LLC purchased a new position in U.S. Bancorp (NYSE:USB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,280 shares of the financial services provider's stock, valued at approximately $223,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp during the first quarter valued at approximately $27,000. YANKCOM Partnership boosted its position in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of U.S. Bancorp during the first quarter valued at approximately $30,000. REAP Financial Group LLC boosted its position in shares of U.S. Bancorp by 86.1% during the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in shares of U.S. Bancorp by 118.0% during the first quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after buying an additional 420 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on USB shares. Morgan Stanley boosted their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. TD Cowen started coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 target price for the company. Citigroup boosted their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $51.00 to $57.00 in a report on Monday, July 7th. Finally, Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Stock Up 0.4%

NYSE:USB traded up $0.20 during trading hours on Friday, reaching $48.87. The company's stock had a trading volume of 12,069,872 shares, compared to its average volume of 7,839,136. The company has a market capitalization of $76.05 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. 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 quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average price of $46.25 and a two-hundred day moving average price of $43.85.

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

U.S. Bancorp Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.1%. U.S. Bancorp's payout ratio is 47.85%.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of the business'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 transaction, the executive vice president owned 70,346 shares of the company's stock, 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 SEC, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

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.