Econ Financial Services Corp Invests $1.94 Million in U.S. Bancorp $USB

Econ Financial Services Corp acquired a new stake in U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 36,368 shares of the financial services provider’s stock, valued at approximately $1,941,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after purchasing an additional 36,863 shares in the last quarter. Empowered Funds LLC increased its stake in shares of U.S. Bancorp by 2.1% in the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock valued at $1,453,000 after purchasing an additional 714 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of U.S. Bancorp by 18.9% during the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after buying an additional 6,252 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of U.S. Bancorp during the 2nd quarter worth $425,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of U.S. Bancorp by 6.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 227,511 shares of the financial services provider’s stock worth $10,295,000 after buying an additional 14,324 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about U.S. Bancorp

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Oppenheimer lowered their target price on U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating for the company in a research note on Friday, March 27th. UBS Group reissued a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Wednesday, February 4th. Jefferies Financial Group began coverage on shares of U.S. Bancorp in a research note on Thursday, March 26th. They issued a “hold” rating and a $55.00 price target on the stock. Finally, Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $61.00 to $66.00 in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.93.

Insider Transactions at U.S. Bancorp

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

U.S. Bancorp Trading Up 2.2%

Shares of USB stock opened at $51.98 on Wednesday. The firm has a market capitalization of $80.68 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.93 and a beta of 1.04. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $61.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock’s fifty day simple moving average is $55.07 and its 200 day simple moving average is $51.84.

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

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid 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 4.0%. U.S. Bancorp’s dividend payout ratio is currently 45.02%.

About U.S. Bancorp

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.