Kavar Capital Partners Group LLC Purchases 500 Shares of U.S. Bancorp $USB

Kavar Capital Partners Group LLC raised its position in U.S. Bancorp (NYSE:USB) by 7.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,090 shares of the financial services provider’s stock after acquiring an additional 500 shares during the period. Kavar Capital Partners Group LLC’s holdings in U.S. Bancorp were worth $321,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of U.S. Bancorp by 361.6% during the 1st quarter. Versant Capital Management Inc now owns 5,618 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 4,401 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of U.S. Bancorp by 4,160.7% during the 1st quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider’s stock worth $65,340,000 after purchasing an additional 1,511,293 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of U.S. Bancorp by 1.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 20,323 shares of the financial services provider’s stock worth $858,000 after purchasing an additional 293 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of U.S. Bancorp by 5.9% during the 1st quarter. Czech National Bank now owns 358,140 shares of the financial services provider’s stock worth $15,121,000 after purchasing an additional 19,894 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Morgan Stanley set a $56.00 price objective on U.S. Bancorp and gave the stock an “equal weight” rating in a research note on Monday. 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 note on Friday, September 19th. DA Davidson boosted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Oppenheimer decreased their target price on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.02.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $48.94 on Tuesday. 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 fifty day moving average price is $47.46 and its two-hundred day moving average price is $44.42. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The firm has a market cap of $76.16 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.55 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued 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 for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the firm posted $0.98 EPS. The company’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, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current 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 issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s payout ratio is currently 49.76%.

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.