17,542 Shares of U.S. Bancorp $USB Purchased by Grant Private Wealth Management Inc

Key Points

• Grant Private Wealth Management purchased 17,542 shares of U.S. Bancorp worth approximately $1.01 million during the third quarter. Institutional investors and hedge funds collectively own 77.6% of the company.
• U.S. Bancorp beat quarterly earnings expectations, reporting EPS of $1.34 versus the $1.32 consensus, while revenue rose 8.7% year over year to $8.04 billion.
• The bank increased its quarterly dividend to $0.54 per share, representing a 3.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $68.43, although rising credit-loss provisions remain a risk.

Grant Private Wealth Management Inc purchased a new position in U.S. Bancorp (NYSE:USB - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,542 shares of the financial services provider's stock, valued at approximately $1,013,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USB. Mufg Bank LTD. purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at about $2,680,199,000. Bank of America Corp DE increased its holdings in shares of U.S. Bancorp by 6.9% during the 1st quarter. Bank of America Corp DE now owns 15,820,033 shares of the financial services provider's stock valued at $822,800,000 after purchasing an additional 1,022,898 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of U.S. Bancorp by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider's stock valued at $539,232,000 after purchasing an additional 93,025 shares during the period. Bank of New York Mellon Corp acquired a new stake in U.S. Bancorp during the second quarter valued at $536,457,000. Finally, First Trust Advisors LP increased its holdings in U.S. Bancorp by 39.9% in the first quarter. First Trust Advisors LP now owns 8,118,845 shares of the financial services provider's stock valued at $422,261,000 after buying an additional 2,314,081 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Down 0.1%

NYSE USB opened at $58.69 on Monday. The business's fifty day simple moving average is $60.82 and its 200-day simple moving average is $59.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a market cap of $91.44 billion, a PE ratio of 11.44, a P/E/G ratio of 1.09 and a beta of 1.00. U.S. Bancorp has a 52 week low of $45.02 and a 52 week high of $66.07.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.02. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. The firm had revenue of $8.04 billion during the quarter, compared to analyst estimates of $8 billion. During the same quarter in the prior year, the firm posted $1.22 earnings per share. U.S. Bancorp's quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts anticipate that U.S. Bancorp will post 5.28 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.54 dividend. The ex-dividend date was Wednesday, September 30th. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 3.7%. U.S. Bancorp's dividend payout ratio (DPR) is currently 42.11%.

Analysts Set New Price Targets

A number of research firms have recently commented on USB. Robert W. Baird raised their target price on U.S. Bancorp from $64.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. JPMorgan Chase & Co. reduced their target price on U.S. Bancorp from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, October 2nd. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Monday, July 6th. BTIG Research set a $67.50 target price on shares of U.S. Bancorp in a report on Monday, July 20th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of U.S. Bancorp in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.43.

U.S. Bancorp News Summary

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

• Positive Sentiment: Q3 earnings beat expectations: U.S. Bancorp reported diluted EPS of $1.34, up from $1.22 a year earlier and above the $1.32 consensus estimate. Net income increased 10% to approximately $2.2 billion, supported by higher net interest income, loan growth and fee revenue. U.S. Bancorp Surpasses Q3 Earnings Estimates
• Positive Sentiment: Growth outlook improved: Management raised its full-year 2026 revenue outlook to $31.0 billion-$31.3 billion. Average loans rose 8% year over year, deposits increased 2.9%, and noninterest income climbed 13.1%, including a 69.3% increase in capital-markets revenue. U.S. Bancorp Lifts Full-Year Outlook After Record Quarter
• Positive Sentiment: Analysts remain constructive: D.A. Davidson maintained a Buy rating and a $73 price target, citing expected 6% net-interest-income growth in 2026. Citigroup also kept a Buy rating, with a revised $70 target, implying substantial upside based on the referenced share price. Why Is U.S. Bancorp Stock Gaining Friday?
• Neutral Sentiment: Revenue was slightly below some estimates: Third-quarter revenue was approximately $7.97 billion, near but modestly below analyst expectations. Expense control helped offset the shortfall and supported the earnings beat. U.S. Bancorp Q3 Results
• Negative Sentiment: Credit costs are rising: The provision for credit losses increased to $654 million from $571 million a year earlier, while early-stage card delinquencies also rose. Investors may view this as a potential offset to loan and revenue growth. U.S. Bancorp Credit and Consumer Trends

Insiders Place Their Bets

In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the completion of the sale, the chief executive officer owned 426,262 shares of the company's stock, valued at $26,585,960.94. This trade represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company's stock.

U.S. Bancorp Company Profile

U.S. Bancorp NYSE: USB is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.

The company's consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.

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