Catalyst Financial Partners LLC Has $358,000 Stake in U.S. Bancorp (NYSE:USB)

Catalyst Financial Partners LLC increased its position in U.S. Bancorp (NYSE:USB) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 7,483 shares of the financial services provider’s stock after acquiring an additional 288 shares during the period. Catalyst Financial Partners LLC’s holdings in U.S. Bancorp were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USB. AMF Tjanstepension AB raised its holdings in shares of U.S. Bancorp by 16.9% during the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after purchasing an additional 76,914 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of U.S. Bancorp by 4.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,514 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 477 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of U.S. Bancorp by 2.6% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 19,099 shares of the financial services provider’s stock valued at $873,000 after purchasing an additional 481 shares in the last quarter. nVerses Capital LLC raised its holdings in shares of U.S. Bancorp by 44.8% during the 3rd quarter. nVerses Capital LLC now owns 4,200 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of U.S. Bancorp by 8.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 44,122 shares of the financial services provider’s stock valued at $2,018,000 after purchasing an additional 3,383 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on USB. Wells Fargo & Company raised their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley lowered their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI raised their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research note on Thursday, October 24th. Finally, Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock worth $10,385,665 in the last three months. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $47.73 on Friday. The firm has a market cap of $74.46 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The firm’s 50-day simple moving average is $48.70 and its 200-day simple moving average is $47.50. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. As a group, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is currently 52.77%.

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.