Whitnell & Co. Purchases 8,595 Shares of U.S. Bancorp (NYSE:USB)

Whitnell & Co. boosted its position in U.S. Bancorp (NYSE:USB) by 152.7% during the third quarter, HoldingsChannel.com reports. The fund owned 14,223 shares of the financial services provider’s stock after buying an additional 8,595 shares during the quarter. Whitnell & Co.’s holdings in U.S. Bancorp were worth $787,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Manchester Financial Inc. acquired a new position in shares of U.S. Bancorp during the second quarter worth $30,000. Lenox Wealth Advisors LLC bought a new stake in U.S. Bancorp in the third quarter valued at $33,000. Bridger Capital Management LLC bought a new stake in U.S. Bancorp in the third quarter valued at $33,000. Hillsdale Investment Management Inc. bought a new stake in U.S. Bancorp in the second quarter valued at $37,000. Finally, Prime Capital Investment Advisors LLC increased its stake in U.S. Bancorp by 174.0% in the second quarter. Prime Capital Investment Advisors LLC now owns 707 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 449 shares in the last quarter. 75.50% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Gillern Jeffry H. Von sold 5,357 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $56.67, for a total transaction of $303,581.19. Following the transaction, the insider now directly owns 89,301 shares in the company, valued at $5,060,687.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David B. Omaley sold 10,133 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $55.76, for a total transaction of $565,016.08. Following the transaction, the director now owns 191,754 shares in the company, valued at $10,692,203.04. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $55.00 price target on shares of U.S. Bancorp in a research note on Thursday, September 12th. UBS Group lifted their price target on shares of U.S. Bancorp from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank set a $59.00 price target on shares of U.S. Bancorp and gave the company a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of U.S. Bancorp from $55.50 to $58.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Wedbush boosted their target price on shares of U.S. Bancorp from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $56.67.

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Shares of NYSE:USB traded down $0.20 during midday trading on Friday, hitting $58.90. 3,152,308 shares of the company’s stock were exchanged, compared to its average volume of 5,770,772. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a 50 day moving average price of $55.56 and a 200-day moving average price of $53.63. The company has a market cap of $92.33 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $59.71.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $5.92 billion during the quarter, compared to the consensus estimate of $5.81 billion. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, analysts anticipate that U.S. Bancorp will post 4.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.42 per share. The ex-dividend date was Friday, September 27th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.37. This represents a $1.68 annualized dividend and a dividend yield of 2.85%. U.S. Bancorp’s payout ratio is presently 40.98%.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

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

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