Brookstone Capital Management trimmed its stake in shares of U.S. Bancorp (NYSE:USB – Free Report) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 252,972 shares of the financial services provider’s stock after selling 14,611 shares during the quarter. Brookstone Capital Management’s holdings in U.S. Bancorp were worth $13,499,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of USB. Solitude Financial Services bought a new position in shares of U.S. Bancorp in the fourth quarter worth $292,000. Mn Services Vermogensbeheer B.V. lifted its position in U.S. Bancorp by 2.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 600,858 shares of the financial services provider’s stock worth $32,062,000 after purchasing an additional 11,558 shares during the period. Trust Co. of Oklahoma lifted its position in U.S. Bancorp by 146.8% during the fourth quarter. Trust Co. of Oklahoma now owns 11,047 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 6,570 shares during the period. AA Financial Advisors LLC grew its stake in U.S. Bancorp by 3.7% during the fourth quarter. AA Financial Advisors LLC now owns 6,199 shares of the financial services provider’s stock worth $331,000 after buying an additional 220 shares in the last quarter. Finally, Lantz Financial LLC increased its holdings in U.S. Bancorp by 0.4% in the 4th quarter. Lantz Financial LLC now owns 49,360 shares of the financial services provider’s stock valued at $2,634,000 after buying an additional 199 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on USB. Argus boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Oppenheimer decreased their price objective on shares of U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating on the stock in a research note on Friday, March 27th. Keefe, Bruyette & Woods boosted their price objective on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. Finally, UBS Group restated a “neutral” rating and set a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.93.
Insider Buying and Selling at U.S. Bancorp
In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction on Friday, February 6th. The shares were 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 approximately $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.
U.S. Bancorp Stock Up 2.2%
Shares of NYSE USB opened at $51.98 on Wednesday. The company has a market cap of $80.68 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.93 and a beta of 1.04. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The stock has a 50-day moving average price of $55.07 and a two-hundred day moving average price of $51.84.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. As a group, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.
U.S. Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.52 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a yield of 4.0%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.
U.S. Bancorp News Summary
Here are the key news stories impacting U.S. Bancorp this week:
- Positive Sentiment: Elavon (a U.S. Bank subsidiary) expanded its financing/payments partnership with Liberis to launch “Quick Capital” in Canada, extending a program that can drive SMB funding flows and payments revenue for Elavon/U.S. Bank. Elavon and Liberis Expand Partnership
- Positive Sentiment: U.S. Bank partnered with Built to digitalize and speed new-home construction mortgage workflows — a move that can increase mortgage originations, improve client experience and reduce execution friction on construction loans. U.S. Bank Enhances Consumer Mortgage Experience
- Positive Sentiment: Leadership update: U.S. Bancorp named Toby Clements chief operations officer (senior EVP), responsible for client service centers and global operations (~16,000 employees). Strong ops leadership can improve efficiency and execution on strategic initiatives. USB appoints Toby Clements as COO
- Neutral Sentiment: U.S. Bank is extending home‑improvement loan terms to address affordability, likely boosting originations but with potential margin tradeoffs depending on funding costs and credit performance. U.S. Bank extends loan terms
- Neutral Sentiment: Analyst/industry pieces are evaluating USB’s ability to sustain capital returns given its liquidity and investment‑grade profile — useful context but not immediate catalysts. Is U.S. Bancorp Poised to Sustain Its Capital Return Strategy?
- Negative Sentiment: Morgan Stanley cut its price target on USB from $72 to $65 and set an “equal weight” rating — a downgrade in upside expectations that can pressure sentiment and limit near-term upside. Morgan Stanley lowers price target
- Negative Sentiment: Oppenheimer also trimmed its price target (reported reduction to $71), another sign some analysts are moderating upside even as fundamentals remain solid. Oppenheimer Cuts Price Target
U.S. Bancorp Company 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.
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