Profund Advisors LLC decreased its position in shares of U.S. Bancorp (NYSE:USB) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,208 shares of the financial services provider’s stock after selling 1,001 shares during the quarter. Profund Advisors LLC’s holdings in U.S. Bancorp were worth $3,570,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMS Capital Management grew its position in U.S. Bancorp by 2.0% during the 4th quarter. IMS Capital Management now owns 9,456 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 185 shares during the last quarter. Covington Capital Management boosted its position in shares of U.S. Bancorp by 1.2% during the fourth quarter. Covington Capital Management now owns 15,878 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 192 shares in the last quarter. MAI Capital Management raised its stake in U.S. Bancorp by 0.6% during the fourth quarter. MAI Capital Management now owns 31,274 shares of the financial services provider’s stock valued at $1,854,000 after buying an additional 198 shares during the last quarter. Stillwater Investment Management LLC raised its stake in U.S. Bancorp by 0.7% during the fourth quarter. Stillwater Investment Management LLC now owns 32,888 shares of the financial services provider’s stock valued at $1,950,000 after buying an additional 217 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its stake in U.S. Bancorp by 1.8% during the fourth quarter. Lee Danner & Bass Inc. now owns 12,493 shares of the financial services provider’s stock valued at $741,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 76.41% of the company’s stock.
USB stock traded up $4.15 during midday trading on Thursday, reaching $36.18. 16,013,856 shares of the company traded hands, compared to its average volume of 9,939,346. U.S. Bancorp has a 52-week low of $28.59 and a 52-week high of $61.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.83. The business has a 50 day moving average of $45.85 and a 200-day moving average of $54.20. The firm has a market capitalization of $47.46 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 1.23 and a beta of 1.14.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Monday, March 30th. U.S. Bancorp’s dividend payout ratio is presently 38.71%.
USB has been the subject of a number of recent research reports. Credit Suisse Group reiterated a “sell” rating and set a $52.00 price objective on shares of U.S. Bancorp in a research note on Monday, February 24th. ValuEngine raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. JPMorgan Chase & Co. lowered U.S. Bancorp from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $58.00 to $55.50 in a report on Thursday, January 16th. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Tuesday, December 10th. Finally, UBS Group cut their price objective on U.S. Bancorp from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $57.09.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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