Hunter Perkins Capital Management LLC Lowers Position in U.S. Bancorp (NYSE:USB)

Hunter Perkins Capital Management LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 34.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 74,625 shares of the financial services provider’s stock after selling 39,700 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in U.S. Bancorp were worth $3,254,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vestcor Inc increased its position in shares of U.S. Bancorp by 0.7% during the 4th quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock valued at $1,460,000 after purchasing an additional 230 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 276 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of U.S. Bancorp by 3.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 280 shares during the last quarter. Investors Research Corp increased its position in shares of U.S. Bancorp by 0.9% during the 2nd quarter. Investors Research Corp now owns 35,268 shares of the financial services provider’s stock valued at $1,165,000 after purchasing an additional 300 shares during the last quarter. Finally, Perkins Capital Management Inc. increased its position in shares of U.S. Bancorp by 2.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 300 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

USB has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on U.S. Bancorp from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Odeon Capital Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 target price for the company in a research note on Thursday, December 14th. Finally, Stephens cut U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.23.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,265 shares of company stock valued at $2,535,903. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 1.1 %

Shares of USB traded up $0.47 during midday trading on Wednesday, hitting $43.51. 2,349,087 shares of the company’s stock traded hands, compared to its average volume of 9,053,589. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85. The firm’s fifty day moving average is $41.88 and its 200-day moving average is $38.75. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $67.79 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.71 by $0.28. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. As a group, sell-side analysts anticipate that U.S. Bancorp will post 3.89 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

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.