Vanguard Group Inc. increased its stake in U.S. Bancorp (NYSE:USB) by 0.9% in the third quarter, purchasing over 1.2 million additional shares and now owning approximately 9.29% of the company, valued at about $6.99 billion. U.S. Bancorp reported strong quarterly earnings, beating analyst expectations with $1.26 EPS and $7.92 billion in revenue, and offers a $0.52 quarterly dividend. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $59.79, despite a recent insider share sale.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Vanguard Group Inc. Purchases 1,279,104 Shares of U.S. Bancorp $USB
Vanguard Group Inc. increased its stake in U.S. Bancorp (NYSE:USB) by 0.9% in the third quarter, purchasing over 1.2 million additional shares and now owning approximately 9.29% of the company, valued at about $6.99 billion. U.S. Bancorp reported strong quarterly earnings, beating analyst expectations with $1.26 EPS and $7.92 billion in revenue, and offers a $0.52 quarterly dividend. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $59.79, despite a recent insider share sale.