Hillman Capital Management Inc. Reduces Stock Holdings in U.S. Bancorp $USB

Hillman Capital Management Inc. lessened its position in shares of U.S. Bancorp (NYSE:USB) by 17.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 62,293 shares of the financial services provider’s stock after selling 12,927 shares during the period. U.S. Bancorp makes up approximately 1.8% of Hillman Capital Management Inc.’s investment 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in U.S. Bancorp by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 144,548,379 shares of the financial services provider’s stock valued at $6,986,023,000 after acquiring an additional 1,279,104 shares in the last quarter. Norges Bank acquired a new stake in shares of U.S. Bancorp in the second quarter valued at approximately $971,285,000. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of U.S. Bancorp by 7.2% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 17,758,947 shares of the financial services provider’s stock valued at $858,290,000 after purchasing an additional 1,189,525 shares during the last quarter. Invesco Ltd. increased its stake in shares of U.S. Bancorp by 4.5% during the 3rd quarter. Invesco Ltd. now owns 16,320,086 shares of the financial services provider’s stock worth $788,750,000 after purchasing an additional 706,729 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of U.S. Bancorp by 16.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,598,572 shares of the financial services provider’s stock worth $560,559,000 after purchasing an additional 1,631,550 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Down 0.9%

USB stock opened at $51.00 on Monday. The stock has a market capitalization of $79.17 billion, a P/E ratio of 11.04, a PEG ratio of 0.91 and a beta of 1.04. 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 has a one year low of $35.18 and a one year high of $61.19. The company has a 50 day moving average price of $55.86 and a two-hundred day moving average price of $51.62.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The company had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on USB shares. Argus upped their target price on U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. JPMorgan Chase & Co. upped their price objective on U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Oppenheimer increased their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Wolfe Research cut U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.02.

U.S. Bancorp Company 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.