Cetera Advisor Networks LLC Has $9.42 Million Holdings in U.S. Bancorp (NYSE:USB)

Cetera Advisor Networks LLC raised its stake in U.S. Bancorp (NYSE:USBFree Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,662 shares of the financial services provider’s stock after acquiring an additional 990 shares during the quarter. Cetera Advisor Networks LLC’s holdings in U.S. Bancorp were worth $9,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CGC Financial Services LLC bought a new position in U.S. Bancorp during the 4th quarter worth approximately $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp during the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp during the 4th quarter worth approximately $27,000. Naples Money Management LLC bought a new position in U.S. Bancorp during the 4th quarter worth approximately $30,000. Finally, Friedenthal Financial bought a new position in U.S. Bancorp during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB opened at $39.02 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The company has a market cap of $60.89 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 3.76 and a beta of 1.04. U.S. Bancorp has a 1-year low of $30.47 and a 1-year high of $45.85. The company’s fifty day simple moving average is $41.16 and its 200 day simple moving average is $41.59.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, research analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 price target on shares of U.S. Bancorp in a research note on Thursday, May 16th. UBS Group cut their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Oppenheimer cut their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, DA Davidson cut their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.02.

Check Out Our Latest Stock Report on U.S. Bancorp

U.S. Bancorp Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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