Claris Advisors LLC MO Sells 677 Shares of U.S. Bancorp (NYSE:USB)

Claris Advisors LLC MO lowered its position in U.S. Bancorp (NYSE:USB) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,192 shares of the financial services provider’s stock after selling 677 shares during the quarter. U.S. Bancorp accounts for about 0.8% of Claris Advisors LLC MO’s holdings, making the stock its 18th largest position. Claris Advisors LLC MO’s holdings in U.S. Bancorp were worth $2,257,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USB. Vista Investment Partners II LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $3,493,000. Independent Advisor Alliance lifted its stake in U.S. Bancorp by 17.1% during the fourth quarter. Independent Advisor Alliance now owns 66,488 shares of the financial services provider’s stock worth $3,180,000 after purchasing an additional 9,712 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in U.S. Bancorp by 10.6% during the fourth quarter. Johnson Investment Counsel Inc. now owns 703,401 shares of the financial services provider’s stock valued at $33,644,000 after purchasing an additional 67,494 shares in the last quarter. Gallagher Capital Advisors LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at approximately $784,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of U.S. Bancorp by 7.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 204,899 shares of the financial services provider’s stock worth $9,800,000 after buying an additional 14,401 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at $58,132,431. The trade was a 7.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $42.35 on Tuesday. The business’s 50-day simple moving average is $47.42 and its 200 day simple moving average is $47.91. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $66.06 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the business posted $0.99 earnings per share. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on USB. Barclays boosted their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Oppenheimer boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Compass Point increased their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Thursday, December 19th. Finally, Wells Fargo & Company upped their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.