Hillman Capital Management Inc. Lowers Stake in U.S. Bancorp $USB

Hillman Capital Management Inc. trimmed its holdings in U.S. Bancorp (NYSE:USB) by 17.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 62,293 shares of the financial services provider’s stock after selling 12,927 shares during the period. U.S. Bancorp accounts for approximately 1.8% of Hillman Capital Management Inc.’s portfolio, making the stock its 27th largest position. Hillman Capital Management Inc.’s holdings in U.S. Bancorp were worth $3,011,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Guerra Advisors Inc purchased a new stake in U.S. Bancorp during the 3rd quarter valued at approximately $25,000. Financial Life Planners purchased a new position in shares of U.S. Bancorp in the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the third quarter valued at approximately $26,000. Hillsdale Investment Management Inc. purchased a new stake in shares of U.S. Bancorp during the second quarter worth approximately $27,000. Finally, Pineridge Advisors LLC lifted its holdings in shares of U.S. Bancorp by 446.2% during the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 522 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction that occurred 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 sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods lifted their target price on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Evercore increased their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $51.00 on Monday. The company has a market cap of $79.17 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 0.91 and a beta of 1.04. U.S. Bancorp has a one year low of $35.18 and a one year high of $61.19. The business has a fifty day moving average of $55.86 and a two-hundred day moving average of $51.62. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

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, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter last year, the firm posted $1.07 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal 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 issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

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.