U.S. Bancorp $USB Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in U.S. Bancorp (NYSE:USB) by 3.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 603,635 shares of the financial services provider’s stock after buying an additional 19,124 shares during the quarter. Exchange Traded Concepts LLC’s holdings in U.S. Bancorp were worth $32,210,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in USB. Guerra Advisors Inc acquired a new position in shares of U.S. Bancorp during the third quarter worth about $25,000. Financial Life Planners acquired a new position in U.S. Bancorp during the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in U.S. Bancorp during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $28,000. Finally, Binnacle Investments Inc raised its stake in shares of 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 buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other 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 transaction of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at $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 is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on USB. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. HSBC reiterated a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a report on Wednesday, January 7th. Barclays raised their price objective on shares of U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. DA Davidson boosted their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their target price for the company from $61.00 to $66.00 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 company. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $59.52.

Key U.S. Bancorp News

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

U.S. Bancorp Trading Down 1.4%

NYSE:USB opened at $50.89 on Friday. U.S. Bancorp has a 52-week low of $35.18 and a 52-week 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 has a fifty day simple moving average of $55.19 and a 200-day simple moving average of $51.77. The company has a market capitalization of $78.99 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.95 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the company earned $1.07 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared 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 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 is currently 45.02%.

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.