Ameliora Wealth Management Ltd. Decreases Holdings in U.S. Bancorp $USB

Ameliora Wealth Management Ltd. decreased its position in shares of U.S. Bancorp (NYSE:USB) by 35.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the financial services provider’s stock after selling 2,440 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in U.S. Bancorp were worth $199,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings 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 buying an additional 36,863 shares during the last quarter. Vest Financial LLC lifted its position in shares of 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 worth $539,000 after purchasing an additional 5,411 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of U.S. Bancorp by 4.3% during the first quarter. Park Avenue Securities LLC now owns 182,304 shares of the financial services provider’s stock worth $7,697,000 after purchasing an additional 7,443 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in U.S. Bancorp by 10.1% in the first quarter. Capital Investment Advisors LLC now owns 7,871 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 722 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in U.S. Bancorp by 31.6% in the first quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider’s stock worth $13,724,000 after acquiring an additional 78,146 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the transaction, the executive vice president 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.7%

U.S. Bancorp stock opened at $47.73 on Tuesday. The company has a 50 day moving average price of $47.64 and a 200 day moving average price of $44.62. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $74.28 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 1.50 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping 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 firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This is a positive change 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 4.4%. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio is presently 49.76%.

Wall Street Analyst Weigh In

Several brokerages have commented on USB. Raymond James Financial upgraded shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Saturday, September 27th. Evercore ISI raised their price objective on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Oppenheimer lowered their price objective on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.26.

About U.S. Bancorp

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.