MCF Advisors LLC Sells 300 Shares of U.S. Bancorp (NYSE:USB)

MCF Advisors LLC lessened its holdings in U.S. Bancorp (NYSE:USB) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,554 shares of the financial services provider’s stock after selling 300 shares during the period. MCF Advisors LLC’s holdings in U.S. Bancorp were worth $146,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of USB. Eagle Bay Advisors LLC bought a new position in shares of U.S. Bancorp in the 2nd quarter worth approximately $27,000. Wolverine Asset Management LLC bought a new position in shares of U.S. Bancorp in the 1st quarter worth approximately $34,000. Prestige Wealth Management Group LLC lifted its stake in shares of U.S. Bancorp by 42.7% in the 1st quarter. Prestige Wealth Management Group LLC now owns 668 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 200 shares during the period. Allred Capital Management LLC bought a new position in shares of U.S. Bancorp in the 1st quarter worth approximately $38,000. Finally, tru Independence LLC bought a new position in shares of U.S. Bancorp in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

U.S. Bancorp stock opened at $55.91 on Wednesday. The firm’s 50 day moving average price is $56.53 and its 200-day moving average price is $57.08. U.S. Bancorp has a 1 year low of $34.17 and a 1 year high of $62.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a market cap of $82.89 billion, a P/E ratio of 11.97, a PEG ratio of 1.71 and a beta of 1.14.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.14. U.S. Bancorp had a net margin of 29.83% and a return on equity of 15.18%. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period last year, the firm posted $0.41 earnings per share. U.S. Bancorp’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts expect that U.S. Bancorp will post 5 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be issued a $0.46 dividend. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.29%. U.S. Bancorp’s dividend payout ratio (DPR) is 54.90%.

A number of equities research analysts have commented on USB shares. Compass Point raised their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 18th. Credit Suisse Group raised their target price on shares of U.S. Bancorp from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 25th. Barclays raised their target price on shares of U.S. Bancorp from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, July 16th. Morgan Stanley raised their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 29th. Finally, Odeon Capital Group cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 19th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, U.S. Bancorp has an average rating of “Buy” and an average price target of $62.37.

About U.S. Bancorp

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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