Keudell Morrison Wealth Management Reduces Position in U.S. Bancorp $USB

Keudell Morrison Wealth Management cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 64,670 shares of the financial services provider’s stock after selling 520 shares during the quarter. Keudell Morrison Wealth Management’s holdings in U.S. Bancorp were worth $2,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in shares of U.S. Bancorp during the first quarter valued at about $26,000. Westend Capital Management LLC bought a new stake in shares of U.S. Bancorp during the first quarter valued at about $27,000. YANKCOM Partnership increased its position in shares of U.S. Bancorp by 59.4% during 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 bought a new stake in shares of U.S. Bancorp during the first quarter valued at about $30,000. Finally, Rakuten Securities Inc. increased its position in shares of U.S. Bancorp by 1,212.1% during the first quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider’s stock valued at $32,000 after buying an additional 703 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson upped their price target on U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Truist Financial upped their price target on U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Raymond James Financial upgraded U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Morgan Stanley set a $56.00 price target on U.S. Bancorp and gave the company an “equal weight” rating in a research report on Monday, September 29th. Finally, The Goldman Sachs Group upped their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. 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 issued a Sell rating to the company. According to MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus target price of $53.26.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 70,346 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Up 0.2%

Shares of NYSE USB opened at $48.00 on Friday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. 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 firm’s 50 day simple moving average is $47.61 and its two-hundred day simple moving average is $44.57. The stock has a market capitalization of $74.69 billion, a P/E ratio of 11.48, a PEG ratio of 1.50 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results 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 net margin of 16.30% and a return on equity of 13.08%. The business had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the business earned $0.98 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, analysts expect 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 30th. 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 yield of 4.3%. U.S. Bancorp’s dividend payout ratio (DPR) is 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.