U.S. Bancorp (NYSE:USB) Shares Bought by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC grew its stake in shares of U.S. Bancorp (NYSE:USBGet Rating) by 12.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 81,951 shares of the financial services provider’s stock after purchasing an additional 8,795 shares during the quarter. Cetera Advisor Networks LLC’s holdings in U.S. Bancorp were worth $3,771,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $29,000. MV Capital Management Inc. boosted its holdings in shares of U.S. Bancorp by 61.7% in the 2nd quarter. MV Capital Management Inc. now owns 810 shares of the financial services provider’s stock valued at $37,000 after buying an additional 309 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of U.S. Bancorp by 177.5% in the 2nd quarter. Hexagon Capital Partners LLC now owns 974 shares of the financial services provider’s stock valued at $45,000 after buying an additional 623 shares during the period. San Luis Wealth Advisors LLC acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at about $67,000. Finally, Investors Asset Management of Georgia Inc. GA ADV acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $64,000. 74.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Terrance R. Dolan sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $43.34, for a total value of $650,100.00. Following the sale, the chief financial officer now directly owns 138,051 shares in the company, valued at approximately $5,983,130.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Gillern Jeffry H. Von sold 27,183 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $43.99, for a total value of $1,195,780.17. Following the sale, the insider now directly owns 128,204 shares in the company, valued at approximately $5,639,693.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Terrance R. Dolan sold 15,000 shares of U.S. Bancorp stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $43.34, for a total transaction of $650,100.00. Following the completion of the transaction, the chief financial officer now directly owns 138,051 shares in the company, valued at $5,983,130.34. The disclosure for this sale can be found here. Insiders have sold 54,301 shares of company stock worth $2,368,658 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on USB shares. Oppenheimer decreased their price target on shares of U.S. Bancorp to $64.00 in a report on Thursday, October 20th. JPMorgan Chase & Co. lifted their price target on shares of U.S. Bancorp from $46.00 to $47.00 in a report on Wednesday, November 2nd. Piper Sandler reduced their target price on shares of U.S. Bancorp to $45.00 in a research note on Thursday, September 29th. Wedbush reissued a “neutral” rating and set a $47.00 target price on shares of U.S. Bancorp in a research note on Wednesday, September 28th. Finally, Compass Point reduced their target price on shares of U.S. Bancorp to $43.00 in a research note on Thursday, October 20th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and an average price target of $55.17.

U.S. Bancorp Stock Up 0.5 %

USB stock opened at $44.11 on Thursday. U.S. Bancorp has a 52 week low of $38.39 and a 52 week high of $63.57. The company has a market capitalization of $65.54 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.54 and a beta of 0.96. The firm’s 50-day moving average is $42.50 and its two-hundred day moving average is $45.98. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.78.

U.S. Bancorp (NYSE:USBGet Rating) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). U.S. Bancorp had a return on equity of 15.25% and a net margin of 26.01%. The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were issued a $0.48 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, September 29th. U.S. Bancorp’s payout ratio is presently 45.61%.

U.S. Bancorp Company Profile

(Get Rating)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

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

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