Cetera Investment Advisers Has $28.01 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Cetera Investment Advisers decreased its stake in U.S. Bancorp (NYSE:USB - Free Report) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 585,526 shares of the financial services provider's stock after selling 7,191 shares during the quarter. Cetera Investment Advisers' holdings in U.S. Bancorp were worth $28,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in USB. Winch Advisory Services LLC boosted its position in U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after acquiring an additional 490 shares during the period. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp during the fourth quarter valued at approximately $26,000. FPC Investment Advisory Inc. bought a new position in U.S. Bancorp in the 4th quarter worth $28,000. Stonebridge Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $30,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

NYSE USB traded down $0.13 on Friday, hitting $42.01. 6,997,653 shares of the company were exchanged, compared to its average volume of 9,113,103. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The firm has a 50 day moving average of $40.71 and a two-hundred day moving average of $46.14. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market cap of $65.45 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the prior year, the business earned $0.78 earnings per share. On average, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.76%. U.S. Bancorp's payout ratio is currently 49.50%.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the stock in a transaction on Monday, April 21st. The stock was purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. The trade was a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on USB. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target for the company in a report on Thursday, April 3rd. Morgan Stanley cut their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. restated an "underweight" rating and set a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. The Goldman Sachs Group reduced their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, Bank of America decreased their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $50.48.

U.S. Bancorp Company 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.