M&R Capital Management Inc. Sells 1,430 Shares of U.S. Bancorp (NYSE:USB)

M&R Capital Management Inc. lessened its holdings in U.S. Bancorp (NYSE:USB) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,069 shares of the financial services provider’s stock after selling 1,430 shares during the quarter. M&R Capital Management Inc.’s holdings in U.S. Bancorp were worth $399,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Core Alternative Capital lifted its position in U.S. Bancorp by 85.7% during the first quarter. Core Alternative Capital now owns 741 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 342 shares during the period. SRS Capital Advisors Inc. raised its position in U.S. Bancorp by 46.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 673 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Thompson Investment Management Inc. bought a new stake in U.S. Bancorp during the first quarter worth $29,000. Iron Horse Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at $29,000. Finally, AXS Investments LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at $33,000. Institutional investors own 75.40% of the company’s stock.

U.S. Bancorp Trading Up 2.3 %

Shares of NYSE:USB traded up $0.80 during midday trading on Thursday, reaching $35.95. The company’s stock had a trading volume of 3,358,729 shares, compared to its average volume of 13,992,934. The firm has a market capitalization of $55.11 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 1.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50 day moving average price of $37.15 and a two-hundred day moving average price of $35.34. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $49.95.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a net margin of 16.59% and a return on equity of 16.53%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. As a group, analysts forecast that U.S. Bancorp will post 4.44 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Thursday, September 28th. U.S. Bancorp’s payout ratio is 53.19%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on USB shares. Wedbush lifted their target price on U.S. Bancorp from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, July 20th. StockNews.com started coverage on shares of U.S. Bancorp in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Barclays decreased their target price on shares of U.S. Bancorp from $52.00 to $48.00 in a research note on Tuesday, June 27th. Bank of America upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $38.00 to $40.00 in a research note on Tuesday, July 11th. Finally, Odeon Capital Group cut U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $47.33.

Insider Activity at U.S. Bancorp

In related news, CFO Terrance R. Dolan sold 26,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $39.75, for a total value of $1,033,500.00. Following the completion of the sale, the chief financial officer now directly owns 166,992 shares of the company’s stock, valued at approximately $6,637,932. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Terrance R. Dolan sold 26,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $39.75, for a total value of $1,033,500.00. Following the completion of the sale, the chief financial officer now directly owns 166,992 shares of the company’s stock, valued at approximately $6,637,932. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy A. Welsh sold 13,816 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $39.79, for a total value of $549,738.64. Following the completion of the sale, the insider now directly owns 119,058 shares of the company’s stock, valued at $4,737,317.82. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.