Hillman Capital Management Inc. Sells 17,503 Shares of U.S. Bancorp $USB

Hillman Capital Management Inc. cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,220 shares of the financial services provider’s stock after selling 17,503 shares during the period. U.S. Bancorp makes up 1.9% of Hillman Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Hillman Capital Management Inc.’s holdings in U.S. Bancorp were worth $3,404,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC boosted its holdings in U.S. Bancorp by 6.3% in the second quarter. IHT Wealth Management LLC now owns 10,855 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 645 shares during the last quarter. Freedom Financial Partners LLC increased its position in U.S. Bancorp by 29.9% during the second quarter. Freedom Financial Partners LLC now owns 11,516 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 2,654 shares during the last quarter. Gallagher Fiduciary Advisors LLC lifted its holdings in U.S. Bancorp by 3.3% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 9,479 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 301 shares during the period. EP Wealth Advisors LLC boosted its position in U.S. Bancorp by 29.0% in the second quarter. EP Wealth Advisors LLC now owns 133,254 shares of the financial services provider’s stock worth $6,030,000 after purchasing an additional 29,932 shares during the last quarter. Finally, Engineers Gate Manager LP grew its stake in shares of U.S. Bancorp by 12.7% during the 2nd quarter. Engineers Gate Manager LP now owns 339,888 shares of the financial services provider’s stock valued at $15,380,000 after purchasing an additional 38,417 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In related news, EVP James L. Chosy sold 26,909 shares of the firm’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the completion of the transaction, the executive vice president directly owned 226,375 shares of the company’s stock, valued at approximately $10,607,932.50. This trade represents a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Andrew Cecere sold 140,445 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the completion of the sale, the chairman owned 1,360,414 shares in the company, valued at approximately $63,041,584.76. The trade was a 9.36% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on USB shares. UBS Group raised their price objective on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley reiterated a “positive” rating on shares of U.S. Bancorp in a research note on Friday, October 17th. Oppenheimer reduced their price objective on U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Evercore ISI lifted their target price on U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.16.

U.S. Bancorp Trading Down 0.3%

Shares of USB stock opened at $53.41 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day simple moving average of $48.05 and a two-hundred day simple moving average of $47.02. The firm has a market capitalization of $83.02 billion, a PE ratio of 12.22, a PEG ratio of 1.01 and a beta of 1.10. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The business had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. U.S. Bancorp’s payout ratio is 47.60%.

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.