Hexagon Capital Partners LLC Has $164,000 Stock Position in U.S. Bancorp (NYSE:USB)

Hexagon Capital Partners LLC raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 1,130.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,122 shares of the financial services provider’s stock after buying an additional 3,787 shares during the quarter. Hexagon Capital Partners LLC’s holdings in U.S. Bancorp were worth $164,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Motley Fool Wealth Management LLC boosted its holdings in U.S. Bancorp by 0.7% during the first quarter. Motley Fool Wealth Management LLC now owns 38,362 shares of the financial services provider’s stock worth $1,715,000 after buying an additional 251 shares during the last quarter. Vestor Capital LLC grew its holdings in U.S. Bancorp by 1.5% during the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 253 shares during the period. Mosaic Family Wealth Partners LLC increased its stake in U.S. Bancorp by 1.4% in the first quarter. Mosaic Family Wealth Partners LLC now owns 19,487 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 264 shares in the last quarter. Wealth Alliance raised its holdings in U.S. Bancorp by 0.5% in the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 266 shares during the period. Finally, First Financial Bank Trust Division boosted its position in shares of U.S. Bancorp by 0.9% during the second quarter. First Financial Bank Trust Division now owns 31,253 shares of the financial services provider’s stock worth $1,241,000 after purchasing an additional 269 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

USB has been the topic of several research analyst reports. DA Davidson raised their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Jefferies Financial Group cut their price objective on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Royal Bank of Canada increased their target price on U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.23.

U.S. Bancorp Stock Up 0.7 %

Shares of NYSE:USB traded up $0.31 during midday trading on Friday, hitting $42.07. The stock had a trading volume of 6,486,583 shares, compared to its average volume of 8,555,180. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The business’s 50-day simple moving average is $41.27 and its 200-day simple moving average is $41.60. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.88. The company has a market cap of $65.65 billion, a P/E ratio of 13.93, a PEG ratio of 4.20 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period in the previous year, the business earned $1.12 EPS. U.S. Bancorp’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.49 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.66%. U.S. Bancorp’s payout ratio is 64.90%.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani acquired 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were purchased at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $449,900. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp 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.