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

Mcdonald Partners LLC lowered its position in shares of U.S. Bancorp (NYSE:USB) by 29.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,441 shares of the financial services provider’s stock after selling 16,293 shares during the quarter. Mcdonald Partners LLC’s holdings in U.S. Bancorp were worth $1,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Guerra Advisors Inc bought a new stake in shares of U.S. Bancorp in the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in U.S. Bancorp in the third quarter worth $26,000. Hillsdale Investment Management Inc. purchased a new stake in U.S. Bancorp in the second quarter worth $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of U.S. Bancorp in the third quarter valued at $31,000. Finally, Pineridge Advisors LLC lifted its position 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 during the last quarter. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on USB. Royal Bank Of Canada lifted their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods upped their price target on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a research note on Wednesday, January 21st. Finally, Evercore raised their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.02.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $53.98 on Wednesday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $83.87 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.98 and a beta of 1.04. The company has a 50 day moving average of $56.16 and a 200 day moving average of $51.34.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating 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 firm had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period in the previous year, the business earned $1.07 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued 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 Activity

In other news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp 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 completion of the sale, the insider owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Company 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.