U.S. Bancorp (NYSE:USB) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 725,231 shares of the financial services provider's stock after purchasing an additional 28,172 shares during the quarter. Cerity Partners LLC's holdings in U.S. Bancorp were worth $34,302,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its position in shares of U.S. Bancorp by 267.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 19,036 shares of the financial services provider's stock valued at $871,000 after buying an additional 13,849 shares in the last quarter. Morse Asset Management Inc purchased a new position in U.S. Bancorp in the 3rd quarter valued at about $229,000. Y Intercept Hong Kong Ltd lifted its stake in U.S. Bancorp by 11.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 56,141 shares of the financial services provider's stock valued at $2,567,000 after buying an additional 5,881 shares in the last quarter. LRI Investments LLC boosted its holdings in U.S. Bancorp by 20.8% in the 3rd quarter. LRI Investments LLC now owns 8,040 shares of the financial services provider's stock worth $404,000 after buying an additional 1,383 shares during the last quarter. Finally, M&T Bank Corp increased its stake in U.S. Bancorp by 2.8% during the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock worth $38,704,000 after buying an additional 22,803 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on USB. Oppenheimer boosted their price target on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. restated an "underweight" rating and set a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a report on Thursday, April 3rd. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target for the company in a research report on Monday, January 13th. Finally, Barclays lifted their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $52.52.

U.S. Bancorp Stock Up 1.4 %

USB stock traded up $0.53 during midday trading on Monday, hitting $38.39. The company's stock had a trading volume of 3,009,300 shares, compared to its average volume of 8,968,617. The firm has a 50-day simple moving average of $43.46 and a 200-day simple moving average of $47.04. The firm has a market capitalization of $59.81 billion, a P/E ratio of 10.13, a PEG ratio of 1.73 and a beta of 0.91. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the company earned $0.99 EPS. U.S. Bancorp's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date is Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

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.