Ceeto Capital Group LLC Acquires 5,000 Shares of U.S. Bancorp (NYSE:USB)

Ceeto Capital Group LLC raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 50.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the financial services provider’s stock after acquiring an additional 5,000 shares during the quarter. Ceeto Capital Group LLC’s holdings in U.S. Bancorp were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in USB. Motley Fool Wealth Management LLC boosted its stake in U.S. Bancorp by 0.7% in the 1st quarter. Motley Fool Wealth Management LLC now owns 38,362 shares of the financial services provider’s stock worth $1,715,000 after purchasing an additional 251 shares in the last quarter. Vestor Capital LLC lifted its stake in shares of U.S. Bancorp by 1.5% in the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after buying an additional 253 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its holdings in shares of U.S. Bancorp by 1.4% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after buying an additional 265 shares during the last quarter. Wealth Alliance increased its position in shares of U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 266 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in U.S. Bancorp by 8.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani bought 10,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was purchased at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $449,900. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on USB. Wells Fargo & Company increased their target price on U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Barclays reduced their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Citigroup raised their price target on shares of U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, DA Davidson boosted their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $47.76.

U.S. Bancorp Price Performance

Shares of USB stock traded up $0.37 on Friday, reaching $45.46. The company’s stock had a trading volume of 5,681,656 shares, compared to its average volume of 9,558,748. The stock’s fifty day simple moving average is $40.74 and its 200-day simple moving average is $41.51. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85. The company has a market capitalization of $70.94 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 4.39 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the business earned $1.12 earnings per share. U.S. Bancorp’s quarterly revenue was down 4.3% compared to the same quarter last year. Analysts forecast that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.31%. U.S. Bancorp’s payout ratio is currently 64.90%.

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.