Brookstone Capital Management 13F: Adds $13M to USB Stake

Brookstone Capital Management expanded its position in U.S. Bancorp (NYSE:USB) by 346.3%, according to a Form 13F filing with the SEC on October 22, 2026. The firm purchased an additional 231,905 shares during the period, bringing its total ownership to 298,880 shares. The reported value of the holding reached approximately $17.3 million at the time of the filing. U.S. Bancorp closed at $60.02 on the day of the filing.

USB U.S. Bancorp

$60.02 ▲ +14.48% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Brookstone Capital Management's U.S. Bancorp Position

Brookstone Capital Management lifted its holdings from 66,975 shares up to 298,880 shares. That represents a 346.3% increase in its share count, resulting in a stake valued at $17,263,337.

Other Institutional Activity in U.S. Bancorp

Other large institutional investors adjusted their positions in the regional bank as well. Auto-Owners Insurance sold out its entire holding by shedding 625,000 shares to end with zero shares. Aristotle Capital Management trimmed its stake by 916,641 shares, or 4.7%, leaving it with 18,747,239 shares valued at about $1.13 billion. Meanwhile, Banque Pictet & Cie opened a new position by acquiring 97,918 shares worth roughly $5.7 million, and MUFG Bank Ltd kept its holdings steady at 44,374,155 shares valued at approximately $2.66 billion.

U.S. Bancorp Stock Up 1.4%

U.S. Bancorp recently traded around $59.85 as of October 23, 2026, down 0.3% from its $60.02 close on the filing date. The stock sits 9.4% below its 52-week high of $66.08 and 32.9% above its 52-week low of $45.02. Shares are trading slightly below the 50-day moving average of $60.40 but stay 3.4% above the 200-day moving average of $57.89.

Recent Earnings

U.S. Bancorp reported $27.9 billion in trailing twelve-month revenue along with basic earnings of $5.14 per share. The regional bank generated a net profit margin of 30.0% and a return on equity of 12.8%, while year-over-year revenue grew by 8.4%. The company's next earnings report is scheduled for release on January 19, 2027.

Dividend

The financial services holding company pays an annual dividend of $2.16 per share, giving the stock a dividend yield of 3.6%. That payout is supported by a dividend payout ratio of 41.5%.

Insider Buying and Selling at U.S. Bancorp

Company insiders executed several transactions prior to the filing. Chief Technology Officer Venkatachari Dilip sold 34,522 shares on May 5, 2026, at an average price of $55.52 for a total value of about $1.9 million. Officer Stephen L. Philipson sold 36,906 shares on July 20, 2026, at $63.08 per share, totaling roughly $2.3 million. General Counsel James L Chosy sold 22,968 shares on July 23, 2026, at $63.28 per share, worth about $1.5 million. Chief Executive Officer Gunjan Kedia sold 27,267 shares on August 28, 2026, at $62.37 per share, totaling roughly $1.7 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On October 16, 2026, Citigroup maintained a buy rating while adjusting its price target to $70.00 from $72.00. On the same day, DA Davidson maintained its buy rating and kept its price target at $73.00, while Oppenheimer kept an outperform rating and moved its target to $73.00 from $72.00. RBC Capital maintained an outperform rating with a target adjusted to $65.00 from $68.00, and Evercore ISI Group maintained an outperform rating while raising its target to $67.00 from $65.00. Overall, the stock carries a consensus buy recommendation from 22 analysts, with a mean price target of $68.27.

About U.S. Bancorp

Headquartered in Minneapolis, Minnesota, U.S. Bancorp operates as a financial services holding company providing banking, wealth management, payment services, and corporate banking solutions to individuals, businesses, and institutions across the United States. The bank serves millions of retail and commercial customers through its branch network and digital platforms.

Bottom Line

Brookstone Capital Management's large position increase reflects growing institutional exposure to U.S. Bancorp. Investors will watch for the bank's next earnings report on January 19, 2027, to gauge ongoing revenue growth and margin trends.