Mcdonald Partners LLC Sells 16,293 Shares of U.S. Bancorp $USB

Mcdonald Partners LLC lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 29.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,441 shares of the financial services provider’s stock after selling 16,293 shares during the period. Mcdonald Partners LLC’s holdings in U.S. Bancorp were worth $1,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Guerra Advisors Inc bought a new position in U.S. Bancorp in the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the 3rd quarter worth about $26,000. Hillsdale Investment Management Inc. purchased a new position in shares of U.S. Bancorp in the 2nd quarter worth about $27,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of U.S. Bancorp during the 3rd quarter valued at about $31,000. Finally, Pineridge Advisors LLC raised its holdings in shares of U.S. Bancorp by 446.2% during the 2nd quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after buying an additional 522 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Down 1.2%

Shares of NYSE USB opened at $53.98 on Wednesday. The firm’s fifty day moving average is $56.16 and its 200 day moving average is $51.34. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $61.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market cap of $83.87 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.98 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same quarter last year, the firm earned $1.07 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 45.02%.

Insider Transactions at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

USB has been the subject of several research reports. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. DA Davidson boosted their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Evercore upped their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods lifted their target price on shares of U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Finally, Oppenheimer boosted their price target on shares of U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.02.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.