Nordea boosts stake in U.S. Bancorp by 15.3% amid positive analyst outlook and dividend hike.

Nordea Investment Management increased its holdings in U.S. Bancorp by 15.3% in Q4, acquiring 357,300 additional shares worth about $144 million. The bank reported strong Q4 earnings, beating estimates with $1.26 EPS and revenue growth of 5.1%. Analysts maintain a generally positive view, with an average 'Moderate Buy' rating and a consensus target price of $60.02. U.S. Bancorp also announced a quarterly dividend of $0.52 per share, yielding 4.1%, reflecting confidence in its financial health and shareholder returns.