U.S. Bancorp (NYSE:USB) Holdings Lifted by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. increased its holdings in shares of U.S. Bancorp (NYSE:USB) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,995 shares of the financial services provider’s stock after buying an additional 777 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in U.S. Bancorp were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CGC Financial Services LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at $26,000. Planned Solutions Inc. acquired a new stake in U.S. Bancorp during the fourth quarter valued at $27,000. Legacy Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the third quarter worth about $30,000. Finally, Compass Wealth Management LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the subject of several recent analyst reports. Evercore ISI upped their price target on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research note on Thursday. Morgan Stanley boosted their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Stephens cut U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Finally, Odeon Capital Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price objective for the company in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Hold” and an average price target of $46.41.

U.S. Bancorp Trading Up 1.6 %

USB traded up $0.69 during mid-day trading on Thursday, reaching $44.69. The stock had a trading volume of 7,594,784 shares, compared to its average volume of 9,094,184. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $69.63 billion, a P/E ratio of 13.66, a P/E/G ratio of 2.24 and a beta of 1.04. The firm’s fifty day simple moving average is $41.98 and its two-hundred day simple moving average is $38.84.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.28. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $1.20 EPS. On average, equities analysts predict that U.S. Bancorp will post 3.89 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.39%. The ex-dividend date is Wednesday, March 27th. U.S. Bancorp’s payout ratio is presently 59.76%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the sale, the insider now owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,265 shares of company stock valued at $2,535,903. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Company 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.