U.S. Bancorp $USB Stock Holdings Lifted by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its holdings in U.S. Bancorp (NYSE:USB) by 55.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,727 shares of the financial services provider’s stock after buying an additional 13,136 shares during the quarter. NewEdge Wealth LLC’s holdings in U.S. Bancorp were worth $1,960,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of USB. RB Capital Management LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at about $213,000. Legacy Wealth Managment LLC ID lifted its position in U.S. Bancorp by 33.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 1,173 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 291 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in U.S. Bancorp by 4.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 405,476 shares of the financial services provider’s stock valued at $21,636,000 after purchasing an additional 15,583 shares during the last quarter. Ethic Inc. lifted its position in U.S. Bancorp by 8.4% in the 4th quarter. Ethic Inc. now owns 253,906 shares of the financial services provider’s stock valued at $13,548,000 after purchasing an additional 19,778 shares during the last quarter. Finally, Ballast Inc. lifted its position in U.S. Bancorp by 4.1% in the 4th quarter. Ballast Inc. now owns 6,538 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 256 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on USB shares. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Barclays boosted their price target on shares of U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. dropped their price target on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Oppenheimer boosted their price target on shares of U.S. Bancorp from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Argus boosted their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $52.70 on Thursday. The firm’s 50 day simple moving average is $53.95 and its 200-day simple moving average is $53.36. The company has a market cap of $81.81 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a fifty-two week low of $42.21 and a fifty-two week high of $61.19.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. As a group, equities research analysts predict that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.52 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.9%. U.S. Bancorp’s payout ratio is 43.61%.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.