U.S. Bancorp (NYSE:USB) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lowered its position in U.S. Bancorp (NYSE:USB) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,370 shares of the financial services provider’s stock after selling 9,900 shares during the period. Hunter Perkins Capital Management LLC’s holdings in U.S. Bancorp were worth $1,748,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of USB. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of U.S. Bancorp in the second quarter valued at approximately $86,000. AXA S.A. grew its stake in U.S. Bancorp by 79.2% in the 2nd quarter. AXA S.A. now owns 90,862 shares of the financial services provider’s stock valued at $3,607,000 after acquiring an additional 40,147 shares during the period. AQR Capital Management LLC increased its holdings in U.S. Bancorp by 414.4% in the 2nd quarter. AQR Capital Management LLC now owns 572,617 shares of the financial services provider’s stock worth $22,653,000 after acquiring an additional 461,291 shares in the last quarter. APG Asset Management N.V. raised its position in U.S. Bancorp by 203.2% during the second quarter. APG Asset Management N.V. now owns 182,496 shares of the financial services provider’s stock worth $6,760,000 after acquiring an additional 122,300 shares during the period. Finally, Scientech Research LLC purchased a new position in U.S. Bancorp during the second quarter valued at $213,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Up 1.2 %

USB opened at $49.00 on Monday. The business’s 50 day moving average price is $49.99 and its 200 day moving average price is $47.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $76.43 billion, a PE ratio of 12.93, a P/E/G ratio of 1.81 and a beta of 1.05. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. As a group, equities research analysts expect that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.08%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Analyst Upgrades and Downgrades

USB has been the subject of a number of research reports. Evercore ISI boosted their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Barclays increased their target price on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research report on Thursday, October 24th. Morgan Stanley reduced their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.21.

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.