U.S. Bancorp (NYSE:USB) Stock Position Boosted by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC boosted its stake in U.S. Bancorp (NYSE:USB) by 7.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,370 shares of the financial services provider’s stock after buying an additional 908 shares during the period. Centennial Wealth Advisory LLC’s holdings in U.S. Bancorp were worth $592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USB. AMF Tjanstepension AB grew its position in U.S. Bancorp by 16.9% in the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after buying an additional 76,914 shares in the last quarter. Czech National Bank lifted its holdings in U.S. Bancorp by 6.9% in the 3rd quarter. Czech National Bank now owns 317,882 shares of the financial services provider’s stock valued at $14,537,000 after acquiring an additional 20,522 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in U.S. Bancorp by 11.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,898 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 834 shares during the last quarter. Aprio Wealth Management LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at about $303,000. Finally, Callan Family Office LLC lifted its holdings in U.S. Bancorp by 15.4% in the 3rd quarter. Callan Family Office LLC now owns 6,195 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 829 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Price Performance

NYSE USB opened at $47.33 on Thursday. The company has a 50 day simple moving average of $49.45 and a 200-day simple moving average of $47.42. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The firm has a market capitalization of $73.83 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.23%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Analyst Ratings Changes

A number of brokerages have weighed in on USB. Evercore ISI upped their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Stephens upped their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Morgan Stanley cut their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada set a $53.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.