U.S. Bancorp $USB Shares Sold by Northwest Capital Management Inc

Northwest Capital Management Inc cut its stake in U.S. Bancorp (NYSE:USB) by 66.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,037 shares of the financial services provider’s stock after selling 2,087 shares during the period. Northwest Capital Management Inc’s holdings in U.S. Bancorp were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of USB. Saudi Central Bank acquired a new stake in U.S. Bancorp during the 1st quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new stake in U.S. Bancorp during the 1st quarter valued at approximately $27,000. YANKCOM Partnership lifted its stake in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 260 shares during the period. Alpine Bank Wealth Management acquired a new stake in U.S. Bancorp during the 1st quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC lifted its stake in 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 valued at $31,000 after acquiring an additional 420 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on USB shares. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Morgan Stanley set a $56.00 price objective on shares of U.S. Bancorp and gave the company an “equal weight” rating in a research note on Monday, September 29th. Raymond James Financial upgraded shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, October 8th. Finally, Evercore ISI lifted their target price on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.11.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $46.16 on Tuesday. The firm has a market cap of $71.83 billion, a PE ratio of 11.04, a PEG ratio of 1.33 and a beta of 1.06. The firm has a fifty day moving average of $47.79 and a 200 day moving average of $44.73. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98.

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, topping the consensus estimate of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 30th. 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 4.5%. U.S. Bancorp’s payout ratio is currently 49.76%.

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.