MCF Advisors LLC Buys 346 Shares of U.S. Bancorp (NYSE:USB)

MCF Advisors LLC lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,355 shares of the financial services provider’s stock after acquiring an additional 346 shares during the period. MCF Advisors LLC’s holdings in U.S. Bancorp were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Occidental Asset Management LLC boosted its position in U.S. Bancorp by 11.7% during the 1st quarter. Occidental Asset Management LLC now owns 73,688 shares of the financial services provider’s stock worth $3,294,000 after acquiring an additional 7,707 shares during the last quarter. WD Rutherford LLC lifted its position in shares of U.S. Bancorp by 7.8% in the first quarter. WD Rutherford LLC now owns 83,560 shares of the financial services provider’s stock worth $3,735,000 after purchasing an additional 6,060 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in U.S. Bancorp by 4.4% during the first quarter. Independence Bank of Kentucky now owns 53,873 shares of the financial services provider’s stock worth $2,408,000 after purchasing an additional 2,292 shares during the last quarter. S.E.E.D. Planning Group LLC grew its position in U.S. Bancorp by 9.3% in the first quarter. S.E.E.D. Planning Group LLC now owns 187,025 shares of the financial services provider’s stock valued at $8,360,000 after purchasing an additional 15,960 shares in the last quarter. Finally, OneAscent Wealth Management LLC increased its stake in U.S. Bancorp by 0.7% in the 1st quarter. OneAscent Wealth Management LLC now owns 60,659 shares of the financial services provider’s stock valued at $2,711,000 after buying an additional 398 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Up 1.3 %

USB stock opened at $39.70 on Friday. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $61.95 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 3.82 and a beta of 1.04. The business’s fifty day moving average price is $40.35 and its two-hundred day moving average price is $41.70.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. U.S. Bancorp’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.16 earnings per share. On average, equities analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of recent research reports. Oppenheimer reduced their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Evercore ISI increased their price target on U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. JPMorgan Chase & Co. downgraded U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $47.00 target price on shares of U.S. Bancorp in a report on Thursday, May 16th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.02.

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.