Resona Asset Management Co. Ltd. Purchases 8,470 Shares of U.S. Bancorp $USB

Posted by Brenda Bartman on Jul 10th, 2026

U.S. Bancorp logo Resona Asset Management Co. Ltd. lifted its position in shares of U.S. Bancorp (NYSE:USB – Free Report) by 1.7% during the first quarter, Holdings Channel.com reports. The firm owned 516,733 shares of the financial services provider’s stock after purchasing an additional 8,470 shares during the period. Resona Asset Management Co. Ltd.’s holdings in U.S. Bancorp were worth $26,768,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in U.S. Bancorp in the 4th quarter valued at $1,887,497,000. Auto Owners Insurance Co lifted its stake in shares of U.S. Bancorp by 5,236.0% in 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 buying an additional 32,725,000 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at about $296,377,000. SG Americas Securities LLC grew its holdings in shares of U.S. Bancorp by 3,451.9% during the fourth quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock valued at $231,191,000 after buying an additional 4,210,676 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of U.S. Bancorp by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,919,079 shares of the financial services provider’s stock worth $1,329,683,000 after acquiring an additional 4,153,080 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Up 1.3%

NYSE USB opened at $61.79 on Friday. The business’s fifty day moving average is $57.06 and its 200-day moving average is $55.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $95.85 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.05 and a beta of 0.96. U.S. Bancorp has a one year low of $43.46 and a one year high of $63.39.

U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The company had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that U.S. Bancorp will post 5.11 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is currently 43.61%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and issued a $65.00 target price on shares of U.S. Bancorp in a report on Friday, April 17th. Truist Financial boosted their price objective on U.S. Bancorp from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $75.00 in a research note on Monday. Oppenheimer dropped their target price on U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada lifted their target price on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.31.

View Our Latest Stock Analysis on USB

Insider Activity at U.S. Bancorp

In related news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction that occurred 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 owned 51,292 shares in the company, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Key Headlines Impacting U.S. Bancorp

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

Positive Sentiment: Raymond James initiated/resumed coverage on U.S. Bancorp (USB) with a Strong Buy rating and a $72 price target, implying meaningful upside and supporting investor optimism about the bank’s outlook. Street Insider article
Positive Sentiment: Several reports highlighted that USB’s upcoming earnings are expected to grow, with commentary suggesting the company has the ingredients for a potential earnings beat, which can lift the stock ahead of results. Yahoo Finance article
Positive Sentiment: U.S. Bank launched Enhanced Payments, a new tool for small businesses to move money faster and more affordably through its app and online banking platform. That could support revenue growth and improve the bank’s competitive position in payments. Yahoo Finance article
Neutral Sentiment: Multiple articles compared USB with BNY on valuation, which keeps the stock in investors’ value screens but does not by itself change the operating outlook. Zacks article
Neutral Sentiment: U.S. Bancorp is scheduled to report quarterly earnings Thursday, making the stock more sensitive to pre-earnings positioning and guidance expectations. American Banking News article
Negative Sentiment: Oppenheimer lowered its price target on U.S. Bancorp (USB), a cautionary signal that may reflect more tempered expectations for near-term upside. Yahoo Finance article

About U.S. Bancorp

(Free Report)

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.