97,918 Shares of U.S. Bancorp $USB Acquired by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA acquired 97,918 shares of U.S. Bancorp in the third quarter, valued at approximately $5.66 million. Institutional investors collectively own 77.6% of the company.
• U.S. Bancorp reported third-quarter EPS of $1.34, beating estimates of $1.32, while revenue rose 8.7% year over year. The bank also increased its quarterly dividend to $0.54 per share, implying a 3.7% annualized yield.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and a $68.43 average price target. However, insiders recently sold shares and provisions for credit losses increased, highlighting potential risks.

Banque Pictet & Cie SA bought a new position in U.S. Bancorp (NYSE:USB - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 97,918 shares of the financial services provider's stock, valued at approximately $5,656,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mufg Bank LTD. bought a new stake in shares of U.S. Bancorp in the second quarter worth approximately $2,680,199,000. Auto Owners Insurance Co raised its holdings in shares of U.S. Bancorp by 5,236.0% during the fourth quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider's stock valued at $1,779,556,000 after purchasing an additional 32,725,000 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of U.S. Bancorp by 6.9% during the first 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in U.S. Bancorp by 0.9% during the first 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. Finally, Bank of New York Mellon Corp bought a new position in U.S. Bancorp during the second quarter valued at approximately $536,457,000. Institutional investors own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the company's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the sale, the insider directly owned 74,969 shares of the company's stock, valued at approximately $4,729,044.52. This represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gunjan Kedia sold 27,267 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the sale, the chief executive officer directly owned 426,262 shares of the company's stock, valued at approximately $26,585,960.94. This represents a 6.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company's stock.

Key U.S. Bancorp News

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

Wall Street Analyst Weigh In

USB has been the topic of several research reports. Morgan Stanley set a $68.00 target price on shares of U.S. Bancorp in a report on Friday. Oppenheimer lifted their target price on shares of U.S. Bancorp from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Friday. UBS Group decreased their target price on shares of U.S. Bancorp from $66.00 to $64.00 and set a "neutral" rating for the company in a research note on Monday, October 5th. Barclays increased their price target on U.S. Bancorp from $67.00 to $75.00 and gave the company an "overweight" rating in a report on Friday, July 17th. Finally, Keefe, Bruyette & Woods raised their price target on U.S. Bancorp from $63.00 to $66.00 and gave the stock a "market perform" rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.43.

U.S. Bancorp Trading Up 2.3%

U.S. Bancorp stock opened at $58.69 on Friday. The business has a 50-day simple moving average of $60.82 and a two-hundred day simple moving average of $59.01. The company has a market cap of $91.44 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.10 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. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 earned $1.22 EPS. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 5.28 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.7%. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 43.11%.

About U.S. Bancorp

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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