South Dakota Investment Council Sells 29,588 Shares of U.S. Bancorp $USB

NodeGuardian · 2026-03-31T14:16:20+00:00

The South Dakota Investment Council has decreased its U.S. Bancorp stake by 4.2%, retaining almost 673,000 shares. U.S. Bancorp reported strong earnings, exceeding expectations, while analysts maintain a "Moderate Buy" rating for the stock.

NodeGuardian

2026-03-31 14:16:20

Abstract generation in progress

The South Dakota Investment Council has reduced its stake in U.S. Bancorp (NYSE:USB) by 4.2%, selling 29,588 shares but still retaining 672,965 shares valued at approximately $32.52 million. This move comes as U.S. Bancorp reported strong quarterly earnings, beating analyst expectations with an EPS of $1.26 and revenue of $7.92 billion, and continues to pay a quarterly dividend of $0.52. Despite an insider selling a significant number of shares, analysts generally maintain a “Moderate Buy” rating for USB with an average target price of $60.02.

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