Cerity Partners LLC Grows Stock Holdings in U.S. Bancorp $USB

Cerity Partners LLC boosted its holdings in U.S. Bancorp (NYSE:USB) by 37.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,019,410 shares of the financial services provider’s stock after buying an additional 278,980 shares during the quarter. Cerity Partners LLC owned approximately 0.07% of U.S. Bancorp worth $49,268,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of U.S. Bancorp during the 2nd quarter worth about $25,000. Hillsdale Investment Management Inc. acquired a new stake in U.S. Bancorp during the second quarter worth approximately $27,000. Pineridge Advisors LLC raised its holdings in U.S. Bancorp by 446.2% during the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 522 shares in the last quarter. True Wealth Design LLC lifted its position in shares of U.S. Bancorp by 216.7% during the 3rd quarter. True Wealth Design LLC now owns 738 shares of the financial services provider’s stock worth $36,000 after buying an additional 505 shares during the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of U.S. Bancorp by 846.5% in the 2nd quarter. Activest Wealth Management now owns 814 shares of the financial services provider’s stock valued at $37,000 after buying an additional 728 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on USB. Wells Fargo & Company lifted their price target on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Morgan Stanley reaffirmed a “positive” rating on shares of U.S. Bancorp in a report on Friday, October 17th. Keefe, Bruyette & Woods lifted their target price on U.S. Bancorp from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. Barclays boosted their target price on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Monday. Finally, Oppenheimer dropped their price target on U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $56.30.

Insider Buying and Selling at U.S. Bancorp

In other news, Chairman Andrew Cecere sold 140,445 shares of U.S. Bancorp stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.34, for a total value of $6,508,221.30. Following the sale, the chairman owned 1,360,414 shares of the company’s stock, valued at $63,041,584.76. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 26,909 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the transaction, the executive vice president directly owned 226,375 shares of the company’s stock, valued at $10,607,932.50. This represents a 10.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB opened at $54.90 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $56.19. The firm has a 50-day simple moving average of $50.73 and a 200-day simple moving average of $48.39. The company has a market capitalization of $85.34 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The firm had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that U.S. Bancorp will post 4.38 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 Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

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.