Hunter Perkins Capital Management LLC Sells 4,400 Shares of U.S. Bancorp (NYSE:USB)

Hunter Perkins Capital Management LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,950 shares of the financial services provider’s stock after selling 4,400 shares during the period. Hunter Perkins Capital Management LLC’s holdings in U.S. Bancorp were worth $1,957,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Strs Ohio raised its stake in U.S. Bancorp by 13.9% during the fourth quarter. Strs Ohio now owns 610,635 shares of the financial services provider’s stock valued at $26,428,000 after purchasing an additional 74,738 shares in the last quarter. Keel Point LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at approximately $276,000. Capital Analysts LLC raised its holdings in U.S. Bancorp by 76.6% during the 4th quarter. Capital Analysts LLC now owns 2,380 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,032 shares during the period. Imprint Wealth LLC boosted its stake in U.S. Bancorp by 9.5% during the fourth quarter. Imprint Wealth LLC now owns 8,336 shares of the financial services provider’s stock worth $365,000 after buying an additional 722 shares during the period. Finally, Wealth Alliance increased its position in U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 266 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was bought at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

USB has been the subject of a number of recent analyst reports. DA Davidson boosted their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Jefferies Financial Group decreased their price objective on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. UBS Group boosted their price target on U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Finally, Oppenheimer dropped their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $48.23.

U.S. Bancorp Stock Performance

USB traded up $0.38 on Friday, reaching $43.19. 4,732,603 shares of the stock were exchanged, compared to its average volume of 8,501,906. The company’s 50-day moving average price is $41.51 and its 200 day moving average price is $41.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market capitalization of $67.40 billion, a PE ratio of 14.18, a PEG ratio of 4.20 and a beta of 1.04. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.88.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.9 EPS 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 issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.