Cerity Partners LLC Has $18.48 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Cerity Partners LLC increased its holdings in shares of U.S. Bancorp (NYSE:USB) by 34.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 426,892 shares of the financial services provider’s stock after purchasing an additional 110,246 shares during the period. Cerity Partners LLC’s holdings in U.S. Bancorp were worth $18,483,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in USB. CGC Financial Services LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at approximately $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp in the 4th quarter valued at approximately $27,000. Legacy Financial Group LLC acquired a new position in U.S. Bancorp in the 3rd quarter valued at approximately $30,000. Finally, First Command Advisory Services Inc. acquired a new position in U.S. Bancorp in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the subject of several recent research reports. Jefferies Financial Group upped their price target on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Evercore ISI upped their price target on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Royal Bank of Canada increased their target price on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Morgan Stanley increased their target price on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and increased their target price for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.41.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,265 shares of company stock worth $2,535,903. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 0.8 %

Shares of USB opened at $41.58 on Friday. The firm has a market capitalization of $64.79 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The business’s fifty day moving average price is $42.29 and its two-hundred day moving average price is $39.56. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. On average, analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.71%. U.S. Bancorp’s payout ratio is 59.76%.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.