Nordea Investment Management AB Acquires 337,881 Shares of U.S. Bancorp $USB

Nordea Investment Management AB grew its holdings in shares of U.S. Bancorp (NYSE:USB) by 16.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,332,874 shares of the financial services provider’s stock after acquiring an additional 337,881 shares during the quarter. Nordea Investment Management AB owned about 0.15% of U.S. Bancorp worth $111,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of USB. Brighton Jones LLC grew its stake in U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 36,863 shares in the last quarter. Empowered Funds LLC raised its position in shares of U.S. Bancorp by 2.1% during the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock valued at $1,453,000 after buying an additional 714 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of U.S. Bancorp by 18.9% during the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after acquiring an additional 6,252 shares during the last quarter. Parallel Advisors LLC grew its position in U.S. Bancorp by 6.6% in the second quarter. Parallel Advisors LLC now owns 21,312 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Gradient Investments LLC grew its position in U.S. Bancorp by 14.2% in the second quarter. Gradient Investments LLC now owns 8,047 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup lifted their price target on U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Wolfe Research cut U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 target price for the company in a research report on Thursday, October 23rd. DA Davidson upped their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Bank of America lifted their price target on shares of U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $56.30.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 26,909 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the completion of the sale, the executive vice president owned 226,375 shares of the company’s stock, valued at $10,607,932.50. This represents a 10.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Andrew Cecere sold 140,445 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the completion of the sale, the chairman directly owned 1,360,414 shares in the company, valued at approximately $63,041,584.76. This trade represents a 9.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Key Stories Impacting U.S. Bancorp

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

• Positive Sentiment: U.S. Bancorp agreed to acquire BTIG, a brokerage and capital-markets firm, in a deal meant to build out investment banking, sales & trading, research and prime brokerage capabilities — a clear push to diversify fee revenue beyond traditional banking. U.S. Bank to buy BTIG for $1B to bolster capital-markets business
• Positive Sentiment: Major outlets confirm the deal and frame it as a strategic move to accelerate growth in capital markets, which could lift fee and trading income over time if integration succeeds. U.S. Bancorp to Buy BTIG for Up to $1 Billion
• Neutral Sentiment: Analyst pieces highlight expected earnings growth for USB and argue the bank has the metrics to beat upcoming reports — a potential tailwind if results meet or beat estimates. U.S. Bancorp (USB) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Coverage from payments and trade press emphasizes the strategic rationale and capability additions from the BTIG purchase, but notes integration and execution are key to realizing benefits. U.S. Bancorp Aims to Grow Capital Markets Business With BTIG Acquisition
• Negative Sentiment: The deal is priced at up to $1 billion and will be paid in cash and stock — investors often react negatively to large acquisitions that could dilute near‑term EPS, add integration costs and increase execution risk. U.S. Bancorp to buy financial services firm BTIG in up to $1 billion deal
• Negative Sentiment: Valuation and sector headwinds (rates and trading cycles) are getting attention — some pieces question whether current pricing fully reflects USB’s returns and these cyclical risks, which can pressure the share price near term. Is U.S. Bancorp (USB) Pricing Reflect Its Excess Returns And Sector Headwinds?

U.S. Bancorp Trading Down 0.6%

Shares of USB stock opened at $54.04 on Wednesday. The business has a 50-day moving average of $51.38 and a 200 day moving average of $48.69. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.82 and a quick ratio of 0.82. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $56.19. The stock has a market capitalization of $84.00 billion, a PE ratio of 12.37, a P/E/G ratio of 0.94 and a beta of 1.07.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 47.60%.

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.