Conning Inc. Raises Stock Position in U.S. Bancorp $USB

Conning Inc. grew its position in U.S. Bancorp (NYSE:USB) by 8,303.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 697,083 shares of the financial services provider’s stock after purchasing an additional 688,788 shares during the period. U.S. Bancorp accounts for 1.2% of Conning Inc.’s holdings, making the stock its 23rd largest position. Conning Inc.’s holdings in U.S. Bancorp were worth $36,255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at $25,000. Financial Life Planners purchased a new position in shares of U.S. Bancorp during the 1st quarter worth $27,000. Rossby Financial LCC grew its holdings in shares of U.S. Bancorp by 57.8% during the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 212 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $28,000. Finally, Westfuller Advisors LLC increased its position in shares of U.S. Bancorp by 54.7% during the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This represents a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.

U.S. Bancorp Trading Up 1.0%

NYSE USB opened at $62.49 on Friday. U.S. Bancorp has a 52 week low of $43.46 and a 52 week high of $63.39. The firm has a 50 day moving average of $57.18 and a two-hundred day moving average of $55.79. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $96.93 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. As a group, research analysts expect that U.S. Bancorp will post 5.11 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 43.61%.

Analyst Ratings Changes

Several brokerages have recently commented on USB. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $75.00 in a research report on Monday, July 6th. Raymond James Financial assumed coverage on U.S. Bancorp in a research note on Wednesday. They set a “strong-buy” rating and a $72.00 price target on the stock. Stephens initiated coverage on U.S. Bancorp in a research note on Monday, June 15th. They issued an “equal weight” rating and a $63.00 price objective for the company. Finally, Truist Financial boosted their price objective on U.S. Bancorp from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.31.

Key Stories Impacting U.S. Bancorp

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

• Positive Sentiment: Several recent articles highlight U.S. Bancorp as a potential momentum and value opportunity, suggesting improving market sentiment around the stock. Here’s Why U.S. Bancorp (USB) is a Great Momentum Stock to Buy
• Positive Sentiment: Analysts expect U.S. Bancorp to post earnings growth in its upcoming quarterly report, and some coverage says it has the ingredients for a possible earnings beat. U.S. Bancorp (USB) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: U.S. Bancorp was mentioned in a broader article about financial stocks and upcoming bank earnings, which keeps attention on the sector but does not directly change USB’s fundamentals. TSMC, ASML Kick Off Semiconductor Earnings; Goldman Sachs, JPMorgan In Financial Parade
• Neutral Sentiment: A proposed bill on bank net operating loss rules could affect USB’s long-term tax planning if enacted, but it is still early-stage legislation and not an immediate driver. New Bill: Representative Mike Carey introduces H.R. 9383: Small Business and Consumer Credit Act of 2026

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.