Belpointe Asset Management LLC Purchases 566 Shares of U.S. Bancorp $USB

Belpointe Asset Management LLC grew its position in U.S. Bancorp (NYSE:USB) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,462 shares of the financial services provider’s stock after acquiring an additional 566 shares during the quarter. Belpointe Asset Management LLC’s holdings in U.S. Bancorp were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of USB. Brighton Jones LLC lifted its position in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after acquiring an additional 36,863 shares during the period. Man Group plc lifted its position in shares of U.S. Bancorp by 32.8% in the 4th quarter. Man Group plc now owns 48,258 shares of the financial services provider’s stock worth $2,308,000 after acquiring an additional 11,926 shares during the period. Quantinno Capital Management LP lifted its position in shares of U.S. Bancorp by 27.5% in the 4th quarter. Quantinno Capital Management LP now owns 120,997 shares of the financial services provider’s stock worth $5,787,000 after acquiring an additional 26,130 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $518,000. Finally, Silvercrest Asset Management Group LLC lifted its position in shares of U.S. Bancorp by 1,118.9% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 295,085 shares of the financial services provider’s stock worth $14,114,000 after buying an additional 270,876 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 0.4%

NYSE USB opened at $49.13 on Monday. 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 stock has a market capitalization of $76.46 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. The stock has a fifty day moving average of $46.85 and a 200-day moving average of $43.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio is presently 47.85%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on USB shares. The Goldman Sachs Group raised their target price on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Truist Financial raised their target price on U.S. Bancorp from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Oppenheimer raised their target price on U.S. Bancorp from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 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, Citigroup raised their target price on U.S. Bancorp from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $52.55.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

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.