U.S. Bancorp $USB Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 30.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,684 shares of the financial services provider’s stock after purchasing an additional 28,030 shares during the quarter. Coldstream Capital Management Inc.’s holdings in U.S. Bancorp were worth $5,799,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Chemung Canal Trust Co. lifted its position in shares of U.S. Bancorp by 205.5% during the 3rd quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock worth $3,302,000 after purchasing an additional 45,963 shares during the last quarter. Citigroup Inc. increased its holdings in U.S. Bancorp by 2.4% in the third quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock valued at $84,568,000 after buying an additional 41,803 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in U.S. Bancorp by 15.3% in the third quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock valued at $17,738,000 after buying an additional 47,537 shares during the last quarter. Synergy Asset Management LLC raised its stake in U.S. Bancorp by 100.0% in the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock valued at $5,428,000 after buying an additional 59,981 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its stake in U.S. Bancorp by 757.8% in the third quarter. SteelPeak Wealth LLC now owns 176,500 shares of the financial services provider’s stock valued at $8,622,000 after buying an additional 155,925 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Key Stories Impacting U.S. Bancorp

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.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction that occurred on 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 in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Trading Down 0.6%

NYSE USB opened at $51.29 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $79.62 billion, a PE ratio of 11.10, a P/E/G ratio of 0.92 and a beta of 1.04. U.S. Bancorp has a one year low of $35.18 and a one year high of $61.19. The firm’s fifty day moving average is $55.61 and its two-hundred day moving average is $51.66.

U.S. Bancorp (NYSE:USB) last announced its earnings results 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 business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. TD Cowen raised their target price on U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Truist Financial upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $61.00 to $66.00 in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $60.02.

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.