Riverview Trust Co Sells 868 Shares of U.S. Bancorp $USB

Riverview Trust Co decreased its holdings in U.S. Bancorp (NYSE:USB) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,836 shares of the financial services provider’s stock after selling 868 shares during the period. Riverview Trust Co’s holdings in U.S. Bancorp were worth $219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bestgate Wealth Advisors LLC lifted its position in shares of U.S. Bancorp by 3.3% during the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider’s stock worth $339,000 after buying an additional 253 shares in the last quarter. Atlantic Family Wealth LLC lifted its position in shares of U.S. Bancorp by 4.2% during the 1st quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider’s stock worth $266,000 after buying an additional 254 shares in the last quarter. YANKCOM Partnership lifted its position in shares of U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after buying an additional 260 shares in the last quarter. Plancorp LLC lifted its position in shares of U.S. Bancorp by 0.6% during the 1st quarter. Plancorp LLC now owns 45,473 shares of the financial services provider’s stock worth $1,920,000 after buying an additional 260 shares in the last quarter. Finally, Formidable Asset Management LLC lifted its position in shares of U.S. Bancorp by 0.9% during the 1st quarter. Formidable Asset Management LLC now owns 27,830 shares of the financial services provider’s stock worth $1,175,000 after buying an additional 261 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 0.9%

U.S. Bancorp stock opened at $47.87 on Thursday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The firm has a market capitalization of $74.50 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.51 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a 50 day simple moving average of $47.54 and a 200 day simple moving average of $44.48.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the business earned $0.98 EPS. U.S. Bancorp’s revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.52 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is presently 49.76%.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on USB shares. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Citigroup lifted their price target on shares of U.S. Bancorp from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Morgan Stanley set a $56.00 price target on shares of U.S. Bancorp and gave the stock an “equal weight” rating in a report on Monday. The Goldman Sachs Group lifted their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, June 10th. Finally, Oppenheimer lowered their price target on shares of 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 research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.26.

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.