Fundamentun LLC Sells 852 Shares of U.S. Bancorp (NYSE:USB)

Fundamentun LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB – Get Rating) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,085 shares of the financial services provider’s stock after selling 852 shares during the quarter. Fundamentun LLC’s holdings in U.S. Bancorp were worth $1,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Financial Solutions LLC bought a new position in shares of U.S. Bancorp during the fourth quarter worth $25,000. Mach 1 Financial Group LLC bought a new position in shares of U.S. Bancorp during the third quarter worth $26,000. EWG Elevate Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter worth $28,000. Kistler Tiffany Companies LLC boosted its position in shares of U.S. Bancorp by 334.0% during the third quarter. Kistler Tiffany Companies LLC now owns 868 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 668 shares in the last quarter. Finally, Heritage Wealth Management LLC bought a new position in shares of U.S. Bancorp during the second quarter worth $37,000. 71.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

USB has been the topic of several research reports. Credit Suisse Group boosted their price objective on shares of U.S. Bancorp from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, January 26th. Morgan Stanley cut their price objective on shares of U.S. Bancorp from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 6th. Wolfe Research cut shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 1st. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Finally, DA Davidson initiated coverage on shares of U.S. Bancorp in a research report on Tuesday, December 20th. They issued a “neutral” rating and a $47.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.83.

U.S. Bancorp Stock Down 9.4 %

USB stock traded down $3.41 during midday trading on Friday, hitting $32.95. The company’s stock had a trading volume of 56,442,915 shares, compared to its average volume of 11,026,489. The stock has a market capitalization of $50.47 billion, a P/E ratio of 8.88, a PEG ratio of 1.15 and a beta of 0.98. The company’s fifty day moving average price is $46.40 and its 200 day moving average price is $44.43. U.S. Bancorp has a twelve month low of $32.72 and a twelve month high of $57.92. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.79 and a quick ratio of 0.78.

U.S. Bancorp (NYSE:USB – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.09. The company had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.61 billion. U.S. Bancorp had a net margin of 21.26% and a return on equity of 16.13%. U.S. Bancorp’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. As a group, equities research analysts predict that U.S. Bancorp will post 5.01 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, March 30th. This represents a $1.92 annualized dividend and a dividend yield of 5.83%. U.S. Bancorp’s dividend payout ratio is presently 51.75%.

U.S. Bancorp Company Profile

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U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.