Greenline Partners LLC Has $4.31 Million Stake in U.S. Bancorp (NYSE:USB)

Greenline Partners LLC lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,506 shares of the financial services provider’s stock after selling 2,307 shares during the quarter. U.S. Bancorp comprises 1.4% of Greenline Partners LLC’s investment portfolio, making the stock its 28th largest position. Greenline Partners LLC’s holdings in U.S. Bancorp were worth $4,314,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. EagleClaw Capital Managment LLC increased its stake in shares of U.S. Bancorp by 22.2% during the first quarter. EagleClaw Capital Managment LLC now owns 5,500 shares of the financial services provider’s stock valued at $279,000 after buying an additional 1,000 shares during the period. Field & Main Bank increased its stake in shares of U.S. Bancorp by 49.9% during the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,000 shares during the period. Auxier Asset Management increased its stake in shares of U.S. Bancorp by 8.6% during the second quarter. Auxier Asset Management now owns 12,660 shares of the financial services provider’s stock valued at $633,000 after buying an additional 1,000 shares during the period. Legacy Capital Partners Inc. increased its stake in shares of U.S. Bancorp by 7.2% during the third quarter. Legacy Capital Partners Inc. now owns 14,841 shares of the financial services provider’s stock valued at $784,000 after buying an additional 1,000 shares during the period. Finally, Curbstone Financial Management Corp increased its stake in shares of U.S. Bancorp by 2.4% during the third quarter. Curbstone Financial Management Corp now owns 42,950 shares of the financial services provider’s stock valued at $2,268,000 after buying an additional 1,000 shares during the period. Institutional investors own 74.42% of the company’s stock.

NYSE USB opened at $52.64 on Wednesday. U.S. Bancorp has a 12 month low of $48.49 and a 12 month high of $58.50. The firm has a market capitalization of $84.82 billion, a PE ratio of 15.39, a P/E/G ratio of 1.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.68 billion. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.37 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.30. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, September 27th. U.S. Bancorp’s dividend payout ratio is presently 43.27%.

Several equities analysts have recently issued reports on USB shares. CIBC raised U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 18th. Zacks Investment Research cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Nomura reduced their price target on U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, October 18th. UBS Group raised U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 18th. Finally, Macquarie raised U.S. Bancorp from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $62.00 in a research note on Wednesday, October 10th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.36.

In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $50.81, for a total value of $889,581.48. Following the transaction, the insider now owns 121,137 shares of the company’s stock, valued at $6,154,970.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Terrance R. Dolan sold 15,524 shares of the stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $52.91, for a total value of $821,374.84. Following the completion of the transaction, the insider now directly owns 124,086 shares in the company, valued at approximately $6,565,390.26. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.

WARNING: “Greenline Partners LLC Has $4.31 Million Stake in U.S. Bancorp (NYSE:USB)” was published by Enterprise Leader and is owned by of Enterprise Leader. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://theenterpriseleader.com/2018/11/07/u-s-bancorp-usb-shares-sold-by-greenline-partners-llc.html.

U.S. Bancorp Company Profile

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

See Also: What are the Benefits of Index Funds?

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply