Hardy Reed LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,334 shares of the financial services provider’s stock after selling 700 shares during the period. Hardy Reed LLC’s holdings in U.S. Bancorp were worth $435,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in USB. Simon Quick Advisors LLC grew its stake in shares of U.S. Bancorp by 1,060.0% in the 4th quarter. Simon Quick Advisors LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 424 shares in the last quarter. Lenox Wealth Advisors LLC bought a new stake in shares of U.S. Bancorp in the 3rd quarter worth $33,000. Bridger Capital Management LLC bought a new stake in shares of U.S. Bancorp in the 3rd quarter worth $33,000. Allred Capital Management LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth $33,000. Finally, Manchester Financial Inc. bought a new stake in shares of U.S. Bancorp in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 75.18% of the company’s stock.
USB traded down $1.21 during trading on Friday, hitting $53.67. 3,197,507 shares of the company traded hands, compared to its average volume of 5,753,971. The firm has a market cap of $85.81 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 2.09 and a beta of 1.11. The stock’s fifty day moving average is $58.40 and its 200 day moving average is $56.14. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.86. U.S. Bancorp has a one year low of $47.57 and a one year high of $61.11.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.13%. U.S. Bancorp’s dividend payout ratio is presently 38.71%.
Several research firms have recently issued reports on USB. Citigroup upgraded shares of U.S. Bancorp from a “sell” rating to a “neutral” rating and upped their target price for the stock from $49.00 to $62.00 in a research note on Monday, December 16th. Wedbush reduced their price target on shares of U.S. Bancorp from $56.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Credit Suisse Group lowered shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $55.00 to $52.00 in a research report on Tuesday. UBS Group reduced their price target on shares of U.S. Bancorp from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Finally, Barclays restated a “buy” rating and set a $71.00 price target on shares of U.S. Bancorp in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $58.47.
In other U.S. Bancorp news, insider Jodi L. Richard sold 2,600 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $59.32, for a total transaction of $154,232.00. Also, CFO Terrance R. Dolan sold 17,200 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $58.59, for a total transaction of $1,007,748.00. Following the transaction, the chief financial officer now owns 111,404 shares of the company’s stock, valued at approximately $6,527,160.36. The disclosure for this sale can be found here. Insiders have sold 223,804 shares of company stock valued at $13,179,815 in the last quarter. Company insiders own 0.24% of the company’s stock.
U.S. Bancorp Company Profile
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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