U.S. Bancorp $USB Position Raised by Davis Selected Advisers

Davis Selected Advisers increased its position in U.S. Bancorp (NYSE:USB) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,431,562 shares of the financial services provider’s stock after acquiring an additional 99,925 shares during the period. U.S. Bancorp makes up about 4.9% of Davis Selected Advisers’ portfolio, making the stock its 5th biggest holding. Davis Selected Advisers owned about 1.25% of U.S. Bancorp worth $939,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USB. Cannell & Spears LLC increased its holdings in shares of U.S. Bancorp by 1.0% in the third quarter. Cannell & Spears LLC now owns 22,309 shares of the financial services provider’s stock valued at $1,078,000 after purchasing an additional 214 shares during the period. Parcion Private Wealth LLC raised its stake in shares of U.S. Bancorp by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after purchasing an additional 218 shares during the last quarter. Modern Wealth Management LLC lifted its holdings in shares of U.S. Bancorp by 1.0% during the third quarter. Modern Wealth Management LLC now owns 22,493 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 221 shares during the period. Diversify Advisory Services LLC boosted its position in U.S. Bancorp by 4.5% in the third quarter. Diversify Advisory Services LLC now owns 5,339 shares of the financial services provider’s stock valued at $249,000 after buying an additional 232 shares during the last quarter. Finally, Bogart Wealth LLC boosted its position in U.S. Bancorp by 4.4% in the third quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock valued at $266,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on USB shares. Oppenheimer raised their price target on shares of U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. DA Davidson upped their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Evercore increased their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. TD Cowen raised their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, HSBC restated a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.02.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction dated 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 approximately $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Trading Down 0.6%

U.S. Bancorp stock opened at $51.29 on Thursday. 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’s 50 day simple moving average is $55.61 and its two-hundred day simple moving average is $51.66. 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 (NYSE:USB) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating 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 firm had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period in the previous year, the firm earned $1.07 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

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

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.

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.