U.S. Bancorp $USB Position Reduced by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC decreased its position in U.S. Bancorp (NYSE:USB) by 44.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 193,202 shares of the financial services provider’s stock after selling 153,544 shares during the period. Manning & Napier Advisors LLC’s holdings in U.S. Bancorp were worth $9,465,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $971,285,000. Davis Selected Advisers increased its holdings in shares of U.S. Bancorp by 29.8% during 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 acquiring an additional 4,442,623 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of U.S. Bancorp by 1,589.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock valued at $157,119,000 after purchasing an additional 3,266,724 shares during the period. AQR Capital Management LLC lifted its position in U.S. Bancorp by 354.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock worth $129,205,000 after acquiring an additional 2,227,103 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of U.S. Bancorp by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 143,269,275 shares of the financial services provider’s stock worth $6,482,935,000 after purchasing an additional 2,038,996 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

USB has been the topic of several research reports. Bank of America boosted their price objective on shares of U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Morgan Stanley reaffirmed a “positive” rating on shares of U.S. Bancorp in a research note on Friday, October 17th. Wells Fargo & Company boosted their target price on shares of U.S. Bancorp from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. UBS Group boosted their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, Citigroup boosted their target price on U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.30.

U.S. Bancorp Trading Down 0.6%

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

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The firm had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same period last year, the company earned $1.03 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. U.S. Bancorp’s dividend payout ratio is 47.60%.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP James L. Chosy sold 26,909 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $46.86, for a total value of $1,260,955.74. Following the sale, the executive vice president directly owned 226,375 shares in the company, valued at $10,607,932.50. This trade represents a 10.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Andrew Cecere sold 140,445 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were 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 of the company’s stock, valued at $63,041,584.76. The trade was a 9.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by company insiders.

U.S. Bancorp News Summary

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

• Positive Sentiment: Acquisition expands fee businesses and capital‑markets capabilities—U.S. Bancorp agreed to acquire BTIG for up to $1 billion in cash and stock, aiming to accelerate growth in investment banking, sales & trading, research and prime brokerage. This should diversify revenue away from net‑interest income and could lift fee revenue over time. Reuters: U.S. Bancorp to buy BTIG
• Positive Sentiment: Market/analyst support — HSBC (reported coverage) issued a buy on USB, and earnings‑coverage pieces highlight consensus expectations for EPS growth, which can support multiple expansion if delivered. Analysts cite the bank’s mix and recent beats as reasons to expect continued upside. Globe and Mail: HSBC buy
• Positive Sentiment: Expectations for earnings growth — Street preview pieces (Zacks/MSN) point to an improving earnings outlook and the potential for an upcoming beat, supporting investor sentiment ahead of earnings. Zacks: Earnings expected to grow
• Neutral Sentiment: Media coverage highlights the strategic rationale but offers limited new financial detail — multiple outlets summarize the deal and say USB aims to scale its capital‑markets business; immediate P&L impact is uncertain until integration and revenue synergies are disclosed. PYMNTS: Aims to grow capital markets
• Neutral Sentiment: Related market stories (e.g., cost pressures for large corporates) mention the deal in broader coverage but don’t materially change USB fundamentals; these are background context items. Yahoo Finance video
• Negative Sentiment: Price, integration and dilution risk — the up‑to‑$1B price (cash and stock mix) raises near‑term financing, goodwill and integration risks; if funded with stock it could dilute EPS, and integration of trading/research operations carries execution risk. WSJ: U.S. Bancorp to Buy BTIG
• Negative Sentiment: Valuation and sector headwinds — some analysis questions whether USB’s current multiple fully accounts for bank sector headwinds and expected returns, leaving limited upside if macro or rate trends reverse. Yahoo Finance: Is USB fairly priced?

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.