Coldstream Capital Management Inc. Increases Stake in U.S. Bancorp $USB

Coldstream Capital Management Inc. raised its position in U.S. Bancorp (NYSE:USB) by 30.6% in the 3rd quarter, Holdings Channel reports. The fund owned 119,684 shares of the financial services provider’s stock after acquiring an additional 28,030 shares during the period. Coldstream Capital Management Inc.’s holdings in U.S. Bancorp were worth $5,799,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Guerra Advisors Inc acquired a new position in shares of U.S. Bancorp during the third quarter worth about $25,000. Financial Life Planners acquired a new stake in U.S. Bancorp in the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in U.S. Bancorp in the third quarter valued at about $26,000. Hillsdale Investment Management Inc. purchased a new stake in U.S. Bancorp in the 2nd quarter valued at approximately $27,000. Finally, JPL Wealth Management LLC purchased a new stake in U.S. Bancorp in the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

U.S. Bancorp News Roundup

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Management said it has exceeded Q1 guidance for net interest and fee income at its recent RBC presentation, reinforcing the bank’s revenue momentum and margin outlook. Read More.
• Positive Sentiment: U.S. Bancorp continues to add senior leadership to grow fee businesses — Alan Flanagan named head of Global Investment Services, which supports fund servicing, CLOs and other fee-generating lines. This should help diversify revenue away from pure NII. Read More.
• Positive Sentiment: Elavon (U.S. Bank’s payments unit) appointed Wally Mlynarski as CEO, a development that may strengthen the payments franchise and cross-sell opportunities. Read More.
• Neutral Sentiment: U.S. Bank was named one of the World’s Most Ethical Companies for the 12th consecutive year — a reputational positive but unlikely to move near-term earnings materially. Read More.
• Neutral Sentiment: Corporate expansion: reports say USB is in talks to lease a large Chennai site for a global capability center — could lower operating costs and scale back-office capacity over time, but execution/timing are uncertain. Read More.
• Neutral Sentiment: US Financial 15 Split Corp. declared a preferred dividend and lists USB among holdings — a peripheral mention that doesn’t materially affect USB fundamentals. Read More.
• Negative Sentiment: Market and technical pressure: analysts and commentary note investor caution after recent rate volatility; USB’s 50‑day moving average sits above current levels, signaling short-term resistance and contributing to selling. Read More.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial raised U.S. Bancorp from a “hold” rating to a “buy” rating and increased their target price for the stock from $61.00 to $66.00 in a research note on Thursday, February 26th. TD Cowen lifted their price target on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Finally, DA Davidson raised their target price on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Trading Down 0.6%

Shares of USB opened at $51.29 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $61.19. The stock has a market cap of $79.62 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04. The firm has a 50 day simple moving average of $55.61 and a 200-day simple moving average of $51.66.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.U.S. Bancorp’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. Equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is currently 45.02%.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.