Connor Clark & Lunn Investment Management Ltd. Has $12.09 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Connor Clark & Lunn Investment Management Ltd. boosted its position in U.S. Bancorp (NYSE:USB - Free Report) by 3,806.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,687 shares of the financial services provider's stock after acquiring an additional 246,218 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in U.S. Bancorp were worth $12,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp in the fourth quarter valued at about $26,000. Winch Advisory Services LLC increased its holdings in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 490 shares during the period. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $28,000. Global Wealth Strategies & Associates raised its holdings in U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in U.S. Bancorp during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Citigroup raised U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price target for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Compass Point increased their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Bank of America lowered their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday. Finally, The Goldman Sachs Group cut their price objective on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $53.93.

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Insider Activity at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company's stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Performance

Shares of USB traded up $0.36 during mid-day trading on Wednesday, hitting $42.64. The company's stock had a trading volume of 11,715,456 shares, compared to its average volume of 7,814,814. The stock's 50-day moving average is $46.63 and its two-hundred day moving average is $47.73. The firm has a market capitalization of $66.44 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98.

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

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.69%. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

About U.S. Bancorp

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.