HBK Investments L P bought a new position in U.S. Bancorp (NYSE:USB) in the 4th quarter, HoldingsChannel.com reports. The firm bought 21,600 shares of the financial services provider’s stock, valued at approximately $1,157,000.

A number of other hedge funds have also recently modified their holdings of the stock. Green Square Capital LLC lifted its position in U.S. Bancorp by 0.4% in the second quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 41 shares during the period. KLCM Advisors Inc. lifted its position in U.S. Bancorp by 0.4% in the second quarter. KLCM Advisors Inc. now owns 53,241 shares of the financial services provider’s stock worth $2,764,000 after purchasing an additional 200 shares during the period. Princeton Portfolio Strategies Group LLC lifted its position in U.S. Bancorp by 3.3% in the second quarter. Princeton Portfolio Strategies Group LLC now owns 6,173 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 200 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in U.S. Bancorp by 1.6% in the second quarter. Nicholas Hoffman & Company LLC. now owns 19,992 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 310 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its position in U.S. Bancorp by 1.7% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 21,624 shares of the financial services provider’s stock worth $1,123,000 after purchasing an additional 370 shares during the period. 74.20% of the stock is owned by hedge funds and other institutional investors.

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Shares of U.S. Bancorp stock opened at $52.55 on Thursday. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $58.50. The firm has a market capitalization of $86,890.04, a price-to-earnings ratio of 15.34, a PEG ratio of 1.73 and a beta of 0.89. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. sell-side analysts predict that U.S. Bancorp will post 4.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 34.09%.

Several research firms have issued reports on USB. Vining Sparks reiterated a “hold” rating and set a $61.00 price objective on shares of U.S. Bancorp in a research note on Thursday, January 25th. Deutsche Bank upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $63.00 in a research note on Thursday, January 25th. Morgan Stanley increased their price objective on U.S. Bancorp from $60.00 to $61.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price objective for the company. in a research note on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.64.

In related news, EVP Craig E. Gifford sold 45,890 shares of U.S. Bancorp stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total value of $2,540,011.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman P.W. Parker sold 98,485 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $55.95, for a total value of $5,510,235.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,016 shares of company stock valued at $9,356,775. 0.43% of the stock is currently owned by corporate insiders.

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U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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