U.S. Bancorp $USB Shares Sold by Chicago Capital LLC

Chicago Capital LLC reduced its holdings in U.S. Bancorp (NYSE:USB) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,301 shares of the financial services provider’s stock after selling 334 shares during the period. Chicago Capital LLC’s holdings in U.S. Bancorp were worth $421,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Greenleaf Trust lifted its position in U.S. Bancorp by 5.1% during the second quarter. Greenleaf Trust now owns 34,724 shares of the financial services provider’s stock valued at $1,571,000 after purchasing an additional 1,694 shares during the period. Northwest Wealth Management LLC raised its stake in shares of U.S. Bancorp by 4.0% during the 2nd quarter. Northwest Wealth Management LLC now owns 14,408 shares of the financial services provider’s stock valued at $652,000 after buying an additional 557 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of U.S. Bancorp by 2.7% in the 2nd quarter. Raleigh Capital Management Inc. now owns 45,894 shares of the financial services provider’s stock valued at $2,077,000 after buying an additional 1,190 shares during the period. HB Wealth Management LLC boosted its stake in shares of U.S. Bancorp by 5.9% in the second quarter. HB Wealth Management LLC now owns 226,907 shares of the financial services provider’s stock worth $10,268,000 after buying an additional 12,672 shares during the last quarter. Finally, Kavar Capital Partners Group LLC grew its holdings in U.S. Bancorp by 7.6% during the second quarter. Kavar Capital Partners Group LLC now owns 7,090 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on USB. Raymond James Financial upgraded 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. Truist Financial boosted their target price on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. Citigroup raised their price target on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, September 19th. DA Davidson upped their price objective on shares of 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, Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the company an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $53.26.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of the company’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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $48.34 on Wednesday. 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’s 50 day simple moving average is $47.51 and its 200-day simple moving average is $44.45. The company has a market cap of $75.23 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.53 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) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company earned $0.98 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal 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 paid a $0.52 dividend. 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 4.3%. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp’s payout ratio is 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.