Cascade Investment Advisors Inc. Purchases 700 Shares of U.S. Bancorp $USB

Cascade Investment Advisors Inc. grew its position in U.S. Bancorp (NYSE:USB) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,100 shares of the financial services provider’s stock after buying an additional 700 shares during the quarter. U.S. Bancorp accounts for approximately 2.0% of Cascade Investment Advisors Inc.’s holdings, making the stock its 7th biggest holding. Cascade Investment Advisors Inc.’s holdings in U.S. Bancorp were worth $3,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in USB. Saudi Central Bank acquired a new stake in U.S. Bancorp in the 1st quarter valued at about $26,000. Westend Capital Management LLC acquired a new position in U.S. Bancorp during the first quarter worth about $27,000. YANKCOM Partnership lifted its holdings in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 260 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of U.S. Bancorp in the first quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of U.S. Bancorp by 118.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 420 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

USB stock opened at $45.29 on Monday. The company has a market cap of $70.48 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.33 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 stock has a 50-day moving average price of $47.76 and a two-hundred day moving average price of $44.70. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The business had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, research analysts predict that U.S. Bancorp will post 4.38 EPS 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. Stockholders of record on Tuesday, September 30th will be given a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 49.76%.

Insider Activity at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction 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 owned 70,346 shares in the company, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on USB. Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the company an “equal weight” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. Evercore ISI upped 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, September 30th. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Raymond James Financial raised shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.11.

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.