Bank of New York Mellon Corp Cuts Stock Position in U.S. Bancorp $USB

Bank of New York Mellon Corp lessened its holdings in U.S. Bancorp (NYSE:USB) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,149,030 shares of the financial services provider’s stock after selling 72,888 shares during the period. Bank of New York Mellon Corp’s holdings in U.S. Bancorp were worth $475,841,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blackhawk Capital Partners LLC lifted its position in U.S. Bancorp by 7.6% in the first quarter. Blackhawk Capital Partners LLC now owns 7,311 shares of the financial services provider’s stock worth $380,000 after buying an additional 514 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in U.S. Bancorp by 57.1% during the first quarter. Illinois Municipal Retirement Fund now owns 92,257 shares of the financial services provider’s stock valued at $4,798,000 after acquiring an additional 33,517 shares during the last quarter. Geneos Wealth Management Inc. increased its position in U.S. Bancorp by 5.6% during the first quarter. Geneos Wealth Management Inc. now owns 25,649 shares of the financial services provider’s stock valued at $1,334,000 after acquiring an additional 1,350 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of U.S. Bancorp in the first quarter valued at $88,000. Finally, NFSG Corp purchased a new stake in shares of U.S. Bancorp in the first quarter valued at $31,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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: U.S. Bancorp posted quarterly earnings of $1.35 per share, above Wall Street expectations, with higher net interest income, fee revenue, and loan growth all contributing to the beat. U.S. Bancorp Q2 Earnings Beat Estimates on NII & Fee Revenue Growth
• Positive Sentiment: The company reported record quarterly revenue of $7.71 billion, helped by strong loan growth, broad fee momentum, and a one-month contribution from BTIG, signaling improving operating leverage. U.S. Bancorp Rides Payments Boom to Record Revenue
• Positive Sentiment: Management raised its 2026 revenue guidance, reinforcing confidence that recent growth trends can continue into the back half of the year. U.S. Bancorp Reports Record Revenue, Raises Outlook
• Neutral Sentiment: Several reports highlighted that the bank’s earnings call pointed to broad-based strength across lending, fees, and payments, which supports the bullish tone but adds little new detail beyond the earnings release. U.S. Bancorp Earnings Call Signals Broad-Based Strength
• Negative Sentiment: One concern from the quarter was higher expense growth, which tempered enthusiasm somewhat even though it did not outweigh the earnings beat. U.S. Bancorp Q2 earnings beat, but expense growth disappoints

Analyst Upgrades and Downgrades

USB has been the subject of a number of recent analyst reports. Oppenheimer dropped their price target on shares of U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada increased their price objective on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. DA Davidson reissued a “buy” rating and issued a $65.00 price objective on shares of U.S. Bancorp in a research note on Friday, April 17th. UBS Group boosted their target price on U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company upped their target price on U.S. Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average target price of $64.31.

U.S. Bancorp Stock Up 1.4%

Shares of U.S. Bancorp stock opened at $63.89 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1 year low of $43.46 and a 1 year high of $64.27. The firm’s 50-day moving average is $57.74 and its two-hundred day moving average is $56.03. The stock has a market cap of $99.10 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.08 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the previous year, the business posted $1.11 EPS. As a group, research analysts expect that U.S. Bancorp will post 5.11 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s payout ratio is 43.61%.

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.