Schulhoff & Co. Inc. Sells 545 Shares of U.S. Bancorp (NYSE:USB)

Schulhoff & Co. Inc. trimmed its position in U.S. Bancorp (NYSE:USB) by 0.6% in the third quarter, HoldingsChannel.com reports. The firm owned 94,962 shares of the financial services provider’s stock after selling 545 shares during the period. U.S. Bancorp comprises 1.8% of Schulhoff & Co. Inc.’s investment portfolio, making the stock its 13th largest holding. Schulhoff & Co. Inc.’s holdings in U.S. Bancorp were worth $4,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of USB. Zions Bancorporation N.A. increased its stake in U.S. Bancorp by 9.7% in the third quarter. Zions Bancorporation N.A. now owns 172,071 shares of the financial services provider’s stock valued at $7,869,000 after acquiring an additional 15,281 shares during the period. Huntington National Bank boosted its holdings in U.S. Bancorp by 6.6% during the third quarter. Huntington National Bank now owns 536,640 shares of the financial services provider’s stock valued at $24,541,000 after purchasing an additional 33,408 shares in the last quarter. Cable Hill Partners LLC grew its stake in shares of U.S. Bancorp by 40.8% in the 3rd quarter. Cable Hill Partners LLC now owns 37,029 shares of the financial services provider’s stock valued at $1,712,000 after purchasing an additional 10,724 shares during the period. Bell Bank bought a new stake in shares of U.S. Bancorp in the 3rd quarter valued at approximately $220,000. Finally, D Orazio & Associates Inc. acquired a new position in shares of U.S. Bancorp in the 3rd quarter worth approximately $263,000. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a research note on Thursday, October 17th. Evercore ISI upped their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price target on shares of U.S. Bancorp from $59.00 to $64.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Barclays upped their price objective on shares of U.S. Bancorp from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Citigroup lifted their target price on shares of U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.12.

U.S. Bancorp Stock Up 0.8 %

Shares of U.S. Bancorp stock opened at $51.17 on Thursday. The business has a fifty day simple moving average of $46.79 and a 200 day simple moving average of $43.58. The stock has a market cap of $79.83 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.99 and a beta of 1.02. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a 12 month low of $35.02 and a 12 month high of $51.76.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the prior year, the business posted $1.05 EPS. U.S. Bancorp’s revenue was down 2.4% on a year-over-year basis. Research analysts predict that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.50 dividend. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.91%. U.S. Bancorp’s payout ratio is 61.16%.

U.S. Bancorp announced that its board has approved a stock repurchase plan on Thursday, September 12th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the transaction, the insider now directly owns 129,790 shares in the company, valued at approximately $6,363,603.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.23% of the stock is owned by corporate insiders.

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.