Atwood & Palmer Inc. Sells 2,500 Shares of U.S. Bancorp $USB

Atwood & Palmer Inc. cut its position in U.S. Bancorp (NYSE:USB) by 16.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,998 shares of the financial services provider’s stock after selling 2,500 shares during the period. Atwood & Palmer Inc.’s holdings in U.S. Bancorp were worth $588,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of USB. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp in the first quarter valued at about $26,000. Westend Capital Management LLC acquired a new stake in shares of U.S. Bancorp in the first quarter valued at about $27,000. 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 buying an additional 260 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of U.S. Bancorp in the first quarter valued at about $30,000. Finally, REAP Financial Group LLC increased its stake in shares of U.S. Bancorp by 86.1% in 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. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Down 0.4%

Shares of U.S. Bancorp stock opened at $49.13 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The stock has a 50 day moving average price of $46.85 and a two-hundred day moving average price of $43.98. The stock has a market capitalization of $76.46 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating 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 firm had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter 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 analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

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

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The stock was 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 of the company’s stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on USB shares. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Truist Financial increased their price target on U.S. Bancorp from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, July 9th. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. DA Davidson raised their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Morgan Stanley raised their target price on U.S. Bancorp from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.