Cypress Wealth Services LLC bought a new stake in U.S. Bancorp (NYSE:USB – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 15,314 shares of the financial services provider’s stock, valued at approximately $817,000.
A number of other hedge funds have also recently made changes to their positions in the company. Guerra Advisors Inc bought a new stake in shares of U.S. Bancorp during the third quarter worth about $25,000. Financial Life Planners bought a new position in U.S. Bancorp in the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in U.S. Bancorp during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new stake in U.S. Bancorp during the 3rd quarter worth approximately $28,000. Finally, Binnacle Investments Inc grew its holdings in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 273 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by corporate insiders.
U.S. Bancorp Stock Down 1.4%
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the company posted $1.07 earnings per share. U.S. Bancorp’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.
U.S. Bancorp Dividend Announcement
The firm 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. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.
U.S. Bancorp News Roundup
Here are the key news stories impacting U.S. Bancorp this week:
- Positive Sentiment: Avvance point-of-sale expansion: U.S. Bancorp is extending Avvance loan terms (six- and seven-year options) and broadening distribution via the Skeps multi-lender network, which supports fee and loan growth and deepens merchant relationships — a growth catalyst for future revenue. How U.S. Bank’s Avvance Expansion At U.S. Bancorp (USB) Has Changed Its Investment Story
- Positive Sentiment: Operations leadership changes: The bank announced senior operations leadership moves, including hiring Clements as Senior EVP & Chief Operations Officer, which can improve execution, efficiency and risk controls — important for margins and operational stability. Clements to Join U.S. Bancorp as Senior EVP & Chief Operations Officer
- Positive Sentiment: Dividend/income appeal: Recent pieces (Zacks/Yahoo) highlight USB’s ~4% yield and dividend growth profile, reinforcing appeal to income investors and supporting a valuation floor amid rate and macro uncertainty. Are You Looking for a High-Growth Dividend Stock?
- Neutral Sentiment: Oppenheimer trims price target: Oppenheimer lowered its target to $71 from $77 but kept an Outperform rating — a sign the bank remains seen as a long-term outperformer even after modestly reduced expectations. Oppenheimer price-target update
- Negative Sentiment: Truist trims target despite Buy: Truist reiterated a Buy but cut its price target from $66 to $63, signaling slightly weaker near-term outlook assumptions (rates/macro) and removing some upside for investors. Truist Keeps Buy on U.S. Bancorp (USB) Despite Pressure from Rates and Macro Risks
- Negative Sentiment: Jefferies starts coverage at Hold ($55 PT): New coverage with a Hold and ~$55 target reduces incremental buy-side enthusiasm versus higher analyst targets, adding near-term selling pressure until catalysts reappear. Jefferies initiates coverage of US Bancorp (USB) with hold recommendation
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Truist Financial upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $61.00 to $66.00 in a research report on Thursday, February 26th. TD Cowen boosted their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Oppenheimer decreased their price objective on U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating for the company in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. Finally, Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.52.
Get Our Latest Research Report on USB
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.
Featured Stories
Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB – Free Report).
Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
