Taylor Securities Services Inc. Makes New Investment in U.S. Bancorp $USB

Taylor Securities Services Inc. purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,096 shares of the financial services provider’s stock, valued at approximately $645,000. U.S. Bancorp accounts for approximately 0.3% of Taylor Securities Services Inc.’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors have also bought and sold shares of the stock. Financial Life Planners bought a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $25,000. Clayton Financial Group LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the third quarter valued at approximately $28,000. Binnacle Investments Inc increased its stake in shares of U.S. Bancorp by 77.8% during the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 273 shares during the period. Finally, Rossby Financial LCC raised its holdings in U.S. Bancorp by 57.8% during the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

U.S. Bancorp Trading Down 0.1%

Shares of NYSE USB opened at $58.07 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12 month low of $42.93 and a 12 month high of $61.19. The company has a market cap of $90.07 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.01 and a beta of 0.97. The business has a fifty day simple moving average of $55.69 and a 200-day simple moving average of $54.86.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $7.32 billion for 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 company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Sell-side analysts predict that U.S. Bancorp will post 5.08 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. U.S. Bancorp’s payout ratio is presently 43.61%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on USB. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Truist Financial cut their price objective on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating for the company in a report on Friday, April 17th. Stephens began coverage on U.S. Bancorp in a research note on Monday, June 15th. They set an “equal weight” rating and a $63.00 target price for the company. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Finally, DA Davidson reiterated a “buy” rating and issued a $65.00 price target on shares of U.S. Bancorp in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.29.

U.S. Bancorp Company 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.