U.S. Bancorp (NYSE:USB) Shares Acquired by Integrated Wealth Concepts LLC

26 Apr 2025, 09:42 by Scott Moore · The Cerbat Gem

Integrated Wealth Concepts LLC boosted its position in U.S. Bancorp (NYSE:USB – Free Report) by 183.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,367 shares of the financial services provider’s stock after purchasing an additional 58,450 shares during the period. Integrated Wealth Concepts LLC’s holdings in U.S. Bancorp were worth $4,322,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd boosted its stake in shares of U.S. Bancorp by 42.0% in the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider’s stock valued at $1,381,000 after buying an additional 8,542 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth $1,018,000. Vanguard Group Inc. increased its holdings in shares of U.S. Bancorp by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider’s stock valued at $6,640,569,000 after purchasing an additional 1,079,056 shares in the last quarter. M&T Bank Corp lifted its stake in shares of U.S. Bancorp by 36.9% in the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider’s stock valued at $55,427,000 after purchasing an additional 312,504 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in U.S. Bancorp by 11.3% during the fourth quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider’s stock worth $18,212,000 after buying an additional 38,802 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at $58,132,431. The trade was a 7.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company’s stock, valued at $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 over the last 90 days. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $39.90 on Friday. The company’s fifty day simple moving average is $41.71 and its 200-day simple moving average is $46.59. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a market cap of $62.16 billion, a PE ratio of 10.53, a P/E/G ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB – Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.01%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.

Analyst Ratings Changes

USB has been the subject of a number of research reports. Raymond James reiterated an “outperform” rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $43.50 price target (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Morgan Stanley lowered their price objective on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Truist Financial cut their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.66.

Check Out Our Latest Stock Analysis on USB

About U.S. Bancorp

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