IVC Wealth Advisors LLC Purchases 539 Shares of U.S. Bancorp $USB

IVC Wealth Advisors LLC increased its position in U.S. Bancorp (NYSE:USB) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,866 shares of the financial services provider’s stock after acquiring an additional 539 shares during the period. IVC Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $311,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after purchasing an additional 36,863 shares during the period. RFG Advisory LLC grew its holdings in U.S. Bancorp by 8.8% during the first quarter. RFG Advisory LLC now owns 15,971 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 1,296 shares during the period. Vest Financial LLC grew its holdings in U.S. Bancorp by 73.5% during the first quarter. Vest Financial LLC now owns 12,772 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 5,411 shares during the period. E. Ohman J or Asset Management AB grew its holdings in U.S. Bancorp by 208.9% during the first quarter. E. Ohman J or Asset Management AB now owns 69,500 shares of the financial services provider’s stock valued at $2,934,000 after purchasing an additional 47,000 shares during the period. Finally, Stablepoint Partners LLC grew its holdings in U.S. Bancorp by 2.3% during the first quarter. Stablepoint Partners LLC now owns 31,115 shares of the financial services provider’s stock valued at $1,314,000 after purchasing an additional 708 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $48.00 on Friday. The firm has a market cap of $74.69 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. 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 business has a 50-day moving average price of $47.61 and a 200-day moving average price of $44.57. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

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, topping analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.52 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.76%.

Analysts Set New Price Targets

Several research firms have issued reports on USB. Truist Financial boosted their price target on U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. The Goldman Sachs Group boosted their price target on U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, June 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a report on Saturday, September 27th. DA Davidson boosted their price target on U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Evercore ISI boosted their price objective on U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.26.

Insider Activity at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 70,346 shares in the company, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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.