Hillman Capital Management Inc. Trims Stock Holdings in U.S. Bancorp $USB

Hillman Capital Management Inc. lowered its position in U.S. Bancorp (NYSE:USBFree Report) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,293 shares of the financial services provider’s stock after selling 9,000 shares during the quarter. U.S. Bancorp makes up approximately 1.8% of Hillman Capital Management Inc.’s portfolio, making the stock its 23rd biggest position. Hillman Capital Management Inc.’s holdings in U.S. Bancorp were worth $2,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USB. Financial Life Planners purchased a new stake in U.S. Bancorp in the third quarter valued at approximately $25,000. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC purchased a new stake in U.S. Bancorp in the third quarter valued at approximately $28,000. Binnacle Investments Inc lifted its stake in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after buying an additional 273 shares during the last quarter. Finally, Rossby Financial LCC lifted its stake in U.S. Bancorp by 57.8% in the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 1.9%

Shares of USB stock opened at $58.87 on Wednesday. The business’s fifty day moving average price is $55.46 and its 200 day moving average price is $54.71. U.S. Bancorp has a 1-year low of $42.55 and a 1-year high of $61.19. The firm has a market capitalization of $91.32 billion, a PE ratio of 12.34, a P/E/G ratio of 1.04 and a beta of 0.97. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. U.S. Bancorp’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that U.S. Bancorp will post 5.07 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, June 30th. U.S. Bancorp’s payout ratio is presently 43.61%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $65.00 price objective on shares of U.S. Bancorp in a research note on Friday, April 17th. Stephens initiated coverage on U.S. Bancorp in a research note on Monday. They issued an “equal weight” rating and a $63.00 price objective for the company. Barclays boosted their price objective on U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. dropped their target price on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.29.

Get Our Latest Report on U.S. Bancorp

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.

U.S. Bancorp Company Profile

(Free Report)

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

Further Reading

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

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