Davis Selected Advisers Acquires 99,925 Shares of U.S. Bancorp $USB

Davis Selected Advisers grew its holdings in U.S. Bancorp (NYSE:USB) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,431,562 shares of the financial services provider’s stock after buying an additional 99,925 shares during the quarter. U.S. Bancorp accounts for 4.9% of Davis Selected Advisers’ investment portfolio, making the stock its 5th largest position. Davis Selected Advisers’ holdings in U.S. Bancorp were worth $939,127,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Guerra Advisors Inc acquired a new stake in shares of U.S. Bancorp in the third quarter valued at about $25,000. Financial Life Planners acquired a new position in shares of U.S. Bancorp during the 3rd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in U.S. Bancorp in the 3rd quarter valued at about $26,000. Hillsdale Investment Management Inc. purchased a new position in U.S. Bancorp in the 2nd quarter valued at about $27,000. Finally, JPL Wealth Management LLC acquired a new stake in U.S. Bancorp in the 3rd quarter worth about $28,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Trading Down 0.6%

Shares of U.S. Bancorp stock opened at $51.29 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $55.61 and its 200-day simple moving average is $51.66. The stock has a market cap of $79.62 billion, a P/E ratio of 11.10, a P/E/G ratio of 0.92 and a beta of 1.04. 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 posted its quarterly 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 during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.1%. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

Key Headlines Impacting U.S. Bancorp

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

• Positive Sentiment: Management said it has exceeded Q1 guidance for net interest and fee income at its recent RBC presentation, reinforcing the bank’s revenue momentum and margin outlook. Read More.
• Positive Sentiment: U.S. Bancorp continues to add senior leadership to grow fee businesses — Alan Flanagan named head of Global Investment Services, which supports fund servicing, CLOs and other fee-generating lines. This should help diversify revenue away from pure NII. Read More.
• Positive Sentiment: Elavon (U.S. Bank’s payments unit) appointed Wally Mlynarski as CEO, a development that may strengthen the payments franchise and cross-sell opportunities. Read More.
• Neutral Sentiment: U.S. Bank was named one of the World’s Most Ethical Companies for the 12th consecutive year — a reputational positive but unlikely to move near-term earnings materially. Read More.
• Neutral Sentiment: Corporate expansion: reports say USB is in talks to lease a large Chennai site for a global capability center — could lower operating costs and scale back-office capacity over time, but execution/timing are uncertain. Read More.
• Neutral Sentiment: US Financial 15 Split Corp. declared a preferred dividend and lists USB among holdings — a peripheral mention that doesn’t materially affect USB fundamentals. Read More.
• Negative Sentiment: Market and technical pressure: analysts and commentary note investor caution after recent rate volatility; USB’s 50‑day moving average sits above current levels, signaling short-term resistance and contributing to selling. Read More.

Insider Activity at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on USB. Oppenheimer boosted their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Evercore lifted their price target on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. UBS Group restated a “neutral” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a report on Wednesday, February 4th. Finally, Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their target price for the stock from $61.00 to $66.00 in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $60.02.

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.