U.S. Bancorp (NYSE:USB) Shares Acquired by Mcdonald Partners LLC

Mcdonald Partners LLC lifted its position in U.S. Bancorp (NYSE:USB) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,519 shares of the financial services provider’s stock after purchasing an additional 1,005 shares during the quarter. Mcdonald Partners LLC’s holdings in U.S. Bancorp were worth $2,560,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in USB. AMF Tjanstepension AB increased its holdings in shares of 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 acquiring an additional 76,914 shares during the period. Blue Trust Inc. increased its stake in U.S. Bancorp by 34.7% in the third quarter. Blue Trust Inc. now owns 15,123 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 3,893 shares during the period. Capital Investment Advisors LLC raised its holdings in shares of U.S. Bancorp by 6.3% in the third quarter. Capital Investment Advisors LLC now owns 6,014 shares of the financial services provider’s stock valued at $275,000 after buying an additional 357 shares during the last quarter. Chicago Capital LLC boosted its stake in shares of U.S. Bancorp by 6.5% during the third quarter. Chicago Capital LLC now owns 9,882 shares of the financial services provider’s stock worth $452,000 after buying an additional 600 shares during the period. Finally, New Century Financial Group LLC grew its holdings in shares of U.S. Bancorp by 5.0% during the third quarter. New Century Financial Group LLC now owns 9,594 shares of the financial services provider’s stock worth $439,000 after buying an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Oppenheimer increased their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. 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 report on Friday, November 15th. Compass Point lifted their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $54.21.

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares in the company, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 over the last quarter. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 0.7 %

USB stock opened at $47.73 on Tuesday. The company’s 50 day simple moving average is $48.54 and its 200-day simple moving average is $47.58. The firm has a market capitalization of $74.46 billion, a PE ratio of 12.59, a P/E/G 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 has a 12 month low of $37.81 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results 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 net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that U.S. Bancorp will post 4.38 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 Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. U.S. Bancorp’s payout ratio is currently 52.77%.

About U.S. Bancorp

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.