McGlone Suttner Wealth Management Inc. Increases Stake in U.S. Bancorp (NYSE:USB)

McGlone Suttner Wealth Management Inc. raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,995 shares of the financial services provider’s stock after buying an additional 777 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in U.S. Bancorp were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in U.S. Bancorp by 5.0% during the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares during the last quarter. BlackRock Inc. boosted its position in shares of U.S. Bancorp by 6.0% in the second quarter. BlackRock Inc. now owns 110,704,962 shares of the financial services provider’s stock worth $3,657,692,000 after purchasing an additional 6,307,085 shares during the period. Mufg Bank LTD. boosted its position in shares of U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after purchasing an additional 24,000,000 shares during the period. State Street Corp boosted its position in shares of U.S. Bancorp by 4.0% in the second quarter. State Street Corp now owns 60,462,681 shares of the financial services provider’s stock worth $2,026,405,000 after purchasing an additional 2,300,777 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock worth $2,628,544,000 after purchasing an additional 60,227,825 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. 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. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stephens lowered shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Wells Fargo & Company upped their price target on shares of U.S. Bancorp from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Evercore ISI raised their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research note on Thursday. Oppenheimer cut their target price on shares of U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Finally, Odeon Capital Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 target price for the company in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.41.

U.S. Bancorp Stock Up 1.6 %

NYSE USB traded up $0.69 during trading on Thursday, reaching $44.69. 7,594,784 shares of the company’s stock traded hands, compared to its average volume of 9,094,184. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $69.63 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.24 and a beta of 1.04. The company’s 50 day simple moving average is $41.98 and its two-hundred day simple moving average is $38.84. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.85 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.89 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given 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 dividend payout ratio is presently 59.76%.

About U.S. Bancorp

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.