Cerity Partners LLC Has $63.73 Million Stock Holdings in U.S. Bancorp $USB

Cerity Partners LLC grew its holdings in shares of U.S. Bancorp (NYSE:USB) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,194,353 shares of the financial services provider’s stock after buying an additional 174,943 shares during the quarter. Cerity Partners LLC’s holdings in U.S. Bancorp were worth $63,731,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in USB. Financial Life Planners bought a new position in shares of U.S. Bancorp during the third quarter valued at about $25,000. Clayton Financial Group LLC bought a new stake in U.S. Bancorp in the fourth quarter worth about $25,000. JPL Wealth Management LLC bought a new stake in U.S. Bancorp in the third quarter worth about $28,000. Binnacle Investments Inc raised its position in shares of U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares during the period. Finally, Westfuller Advisors LLC raised its position in shares of U.S. Bancorp by 54.7% in the fourth quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 215 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $55.94 on Wednesday. U.S. Bancorp has a 52-week low of $42.55 and a 52-week high of $61.19. The stock has a market capitalization of $86.77 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. The company has a fifty day moving average of $54.89 and a 200-day moving average of $54.36. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Equities research analysts expect that U.S. Bancorp will post 5.09 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on USB shares. Barclays boosted their price target on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Truist Financial lowered their price target on shares of U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Royal Bank Of Canada boosted their price target on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Wall Street Zen lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the transaction, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. This represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

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.