370,691 U.S. Bancorp $USB Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Posted by Francis Steltz on Oct 31st, 2026

U.S. Bancorp logo VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in U.S. Bancorp (NYSE:USB – Free Report) by 52.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,082,041 shares of the financial services provider’s stock after purchasing an additional 370,691 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in U.S. Bancorp were worth $62,499,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in USB. Parcion Private Wealth LLC boosted its position in shares of U.S. Bancorp by 2.8% during the third quarter. Parcion Private Wealth LLC now owns 55,798 shares of the financial services provider’s stock valued at $3,223,000 after buying an additional 1,511 shares during the last quarter. Partners Wealth Management LLC bought a new stake in U.S. Bancorp during the third quarter worth $475,000. Soltis Investment Advisors LLC grew its holdings in U.S. Bancorp by 15.2% during the third quarter. Soltis Investment Advisors LLC now owns 11,480 shares of the financial services provider’s stock worth $663,000 after buying an additional 1,514 shares in the last quarter. Choreo LLC raised its position in U.S. Bancorp by 2.4% in the 3rd quarter. Choreo LLC now owns 79,234 shares of the financial services provider’s stock valued at $4,577,000 after buying an additional 1,827 shares during the last quarter. Finally, Interchange Capital Partners LLC raised its position in U.S. Bancorp by 6.6% in the 3rd quarter. Interchange Capital Partners LLC now owns 4,644 shares of the financial services provider’s stock valued at $268,000 after buying an additional 289 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $59.47 on Friday. The company has a market capitalization of $92.66 billion, a PE ratio of 11.59, a PEG ratio of 1.16 and a beta of 1.00. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average price is $59.88 and its 200-day moving average price is $58.03. U.S. Bancorp has a twelve month low of $45.02 and a twelve month high of $66.07.

U.S. Bancorp (NYSE:USB – Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. The company had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $8 billion. U.S. Bancorp had a return on equity of 13.85% and a net margin of 18.85%. U.S. Bancorp’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. On average, equities analysts anticipate that U.S. Bancorp will post 5.30 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.54 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 3.6%. U.S. Bancorp’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price objective on U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Royal Bank Of Canada reduced their target price on shares of U.S. Bancorp from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Truist Financial reduced their target price on shares of U.S. Bancorp from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. DA Davidson reiterated a “buy” rating and issued a $73.00 target price on shares of U.S. Bancorp in a report on Friday, October 16th. Finally, Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.21.

Check Out Our Latest Research Report on USB

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the transaction, the chief executive officer owned 426,262 shares in the company, valued at $26,585,960.94. This represents a 6.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

U.S. Bancorp Company Profile

(Free Report)

U.S. Bancorp (NYSE: USB) is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.

The company’s consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.