U.S. Bancorp $USB Stock Position Raised by Legal & General Group Plc

Legal & General Group Plc boosted its position in shares of U.S. Bancorp (NYSE:USB) by 2.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,238,404 shares of the financial services provider’s stock after buying an additional 238,123 shares during the quarter. Legal & General Group Plc’s holdings in U.S. Bancorp were worth $446,492,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 0.9% during the third quarter. Vanguard Group Inc. now owns 144,548,379 shares of the financial services provider’s stock valued at $6,986,023,000 after buying an additional 1,279,104 shares in the last quarter. Geode Capital Management LLC grew its stake in U.S. Bancorp by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 36,632,410 shares of the financial services provider’s stock valued at $1,650,305,000 after acquiring an additional 456,890 shares in the last quarter. Norges Bank purchased a new stake in shares of U.S. Bancorp in the second quarter worth approximately $971,285,000. Davis Selected Advisers increased its stake in U.S. Bancorp by 29.8% in the 2nd quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider’s stock valued at $874,757,000 after buying an additional 4,442,623 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its position in U.S. Bancorp by 7.2% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 17,758,947 shares of the financial services provider’s stock worth $858,290,000 after buying an additional 1,189,525 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 0.3%

NYSE:USB opened at $51.97 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $80.74 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.93 and a beta of 1.04. The stock has a 50-day moving average price of $55.98 and a two-hundred day moving average price of $51.56. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $61.19.

U.S. Bancorp (NYSE:USB) last released 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. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts expect 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. This represents a $2.08 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is currently 45.02%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp 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 sale, the insider owned 97,728 shares in the company, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.

Key Headlines Impacting U.S. Bancorp

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

• Positive Sentiment: U.S. Bancorp rolled out expanded wealth capabilities aimed at first-time and self-directed investors (Wealth Connect, commission-free trading and team-based advisory tiers). This could lift fee income, deepen customer relationships and boost deposit/asset flows over time. U.S. Bancorp Advisors Launches Suite of Offerings for Investors New to Building Wealth
• Positive Sentiment: The company announced a quarterly cash dividend (details released in the press release), which supports income investors and signals management’s comfort with capital distributions after recent earnings. U.S. Bancorp Announces Quarterly Dividends
• Neutral Sentiment: U.S. Bancorp established a new medium-term note program to add flexibility for debt issuance. This provides funding optionality but is standard for large banks and unlikely to shift the credit profile materially in isolation. U.S. Bancorp Launches New Medium-Term Note Program
• Neutral Sentiment: Analyst pieces comparing USB to regional peers (e.g., M&T) highlight differing valuations, lending momentum and digital investments — useful context for relative positioning but not an immediate catalyst. USB vs. MTB: Which Regional Bank Stock Has Better Growth Potential?

Wall Street Analysts Forecast Growth

USB has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. Piper Sandler restated a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. Royal Bank Of Canada increased their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the company from $61.00 to $66.00 in a report on Thursday, February 26th. Finally, Evercore boosted their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.