Edgemoor Investment Advisors Inc. Grows Position in U.S. Bancorp $USB

Edgemoor Investment Advisors Inc. lifted its holdings in U.S. Bancorp (NYSE:USB) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,231 shares of the financial services provider’s stock after buying an additional 16,399 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in U.S. Bancorp were worth $4,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of USB. Norges Bank acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $1,887,497,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $58,576,000. Zhang Financial LLC purchased a new position in U.S. Bancorp during the fourth quarter worth approximately $221,000. Fideuram Asset Management Ireland dac purchased a new position in U.S. Bancorp during the fourth quarter worth approximately $1,272,000. Finally, Operose Advisors LLC boosted its stake in U.S. Bancorp by 12.1% during the fourth quarter. Operose Advisors LLC now owns 2,585 shares of the financial services provider’s stock worth $138,000 after buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. The trade was a 16.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Up 0.8%

Shares of NYSE:USB opened at $54.87 on Friday. The firm has a market capitalization of $85.17 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. U.S. Bancorp has a 1 year low of $42.55 and a 1 year high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50-day moving average is $54.42 and its two-hundred day moving average is $53.92.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The firm 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 business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. Analysts predict that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. U.S. Bancorp’s dividend payout ratio is currently 43.61%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research note on Friday, April 17th. Truist Financial lowered their price target on shares of U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. UBS Group reaffirmed a “neutral” rating and set a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Finally, Barclays boosted their target price on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $61.20.

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.