Sonora Investment Management Group LLC Raises Holdings in U.S. Bancorp $USB

Sonora Investment Management Group LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,040 shares of the financial services provider’s stock after purchasing an additional 1,066 shares during the quarter. Sonora Investment Management Group LLC’s holdings in U.S. Bancorp were worth $9,957,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Fort Washington Investment Advisors Inc. OH increased its holdings in U.S. Bancorp by 0.6% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,631,379 shares of the financial services provider’s stock worth $73,820,000 after purchasing an additional 10,520 shares during the period. Stockman Wealth Management Inc. increased its holdings in U.S. Bancorp by 5.0% during the 2nd quarter. Stockman Wealth Management Inc. now owns 288,982 shares of the financial services provider’s stock worth $13,076,000 after purchasing an additional 13,644 shares during the period. Avior Wealth Management LLC boosted its position in shares of U.S. Bancorp by 21.7% during the 2nd 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 in the last quarter. LVW Advisors LLC boosted its position in shares of U.S. Bancorp by 0.9% during the 2nd quarter. LVW Advisors LLC now owns 48,090 shares of the financial services provider’s stock worth $2,176,000 after acquiring an additional 429 shares in the last quarter. Finally, US Asset Management LLC acquired a new position in shares of U.S. Bancorp during the 2nd quarter worth about $205,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.8%

NYSE:USB opened at $49.42 on Friday. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The stock’s 50 day moving average price is $47.40 and its 200 day moving average price is $44.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $76.91 billion, a PE ratio of 11.82, a P/E/G ratio of 1.55 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data 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 return on equity of 13.08% and a net margin of 16.30%.The company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the firm earned $0.98 EPS. The firm’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. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s payout ratio is 47.85%.

Analyst Upgrades and Downgrades

USB has been the subject of several analyst reports. Citigroup upped their price objective on U.S. Bancorp from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. The Goldman Sachs Group upped their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. DA Davidson upped their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Truist Financial upped their price objective on U.S. Bancorp from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.83.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.