U.S. Bancorp $USB Stake Lessened by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP trimmed its stake in shares of U.S. Bancorp (NYSE:USB) by 12.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,349 shares of the financial services provider’s stock after selling 24,651 shares during the quarter. Hudson Bay Capital Management LP’s holdings in U.S. Bancorp were worth $8,475,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Guerra Advisors Inc bought a new stake in shares of U.S. Bancorp in the 3rd quarter worth about $25,000. Financial Life Planners bought a new position in shares of U.S. Bancorp during the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of U.S. Bancorp during the third quarter worth about $26,000. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp in the second quarter worth about $27,000. Finally, JPL Wealth Management LLC acquired a new position in U.S. Bancorp in the third quarter worth about $28,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 0.0%

NYSE:USB opened at $51.28 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $55.44 and a 200-day moving average of $51.67. The firm has a market capitalization of $79.60 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.87 and a beta of 1.04. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $61.19.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The business had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter last year, the business posted $1.07 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 45.02%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore upped their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. UBS Group reiterated a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Argus boosted their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. HSBC reissued a “buy” rating and set a $62.00 price target on shares of U.S. Bancorp in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.02.

Insider Transactions at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the transaction, the insider owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Profile

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.