5 Dividend Stocks to Buy According to Sean Murphy’s Game Creek Capital

2. U.S. Bancorp (NYSE:USB)

Number of Hedge Fund Holders: 40
Game Creek Capital’s Stake Value: $1,608,000
Dividend Yield as of May 31: 3.50%

U.S. Bancorp (NYSE:USB) has been a part of Game Creek Capital’s portfolio since 2017. At the end of Q1 2022, the hedge fund held stakes worth over $1.6 million, purchasing additional 5,375 USB shares during the quarter. The company represented 0.63% of Sean Murphy’s portfolio.

At the end of March 2022, 40 hedge funds tracked by Insider Monkey owned stakes in U.S. Bancorp (NYSE:USB), down from 46 in the previous quarter. These stakes hold a collective value of over $7.37 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading shareholder in Q1 2022, owning a $6.7 billion worth of stake.

In March, U.S. Bancorp (NYSE:USB) declared its quarterly dividend of $0.46 per share, consistent with the previous quarter. The stock’s dividend yield was recorded at 3.50% on May 31. In May, Oppenheimer presented a positive stance on the finance sector as it can benefit from rising interest rates. In view of this, the firm lifted its price target on U.S. Bancorp (NYSE:USB) to $72, with an Outperform rating on the shares.

ClearBridge Investments mentioned U.S. Bancorp (NYSE:USB) in its Q4 2021 investor letter. Here is what the firm has to say:

“Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We have increased our exposure to interest-rate sensitive banks by adding to existing positions in U.S. Bancorp.”