Hillman Capital Management Inc. Decreases Position in U.S. Bancorp $USB

Hillman Capital Management Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 14.4% during the fourth quarter, Holdings Channel reports. The firm owned 53,293 shares of the financial services provider’s stock after selling 9,000 shares during the quarter. U.S. Bancorp comprises approximately 1.8% of Hillman Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Hillman Capital Management Inc.’s holdings in U.S. Bancorp were worth $2,844,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Paulson Wealth Management Inc. boosted its position in U.S. Bancorp by 2.0% during the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 173 shares in the last quarter. Gilbert & Cook Inc. lifted its position in shares of U.S. Bancorp by 1.2% in the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 184 shares in the last quarter. Flputnam Investment Management Co. lifted its position in shares of U.S. Bancorp by 1.4% in the fourth quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 186 shares in the last quarter. Genesis Private Wealth LLC lifted its position in shares of U.S. Bancorp by 2.3% in the fourth quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 187 shares in the last quarter. Finally, Richmond Investment Services LLC lifted its position in shares of U.S. Bancorp by 1.9% in the fourth quarter. Richmond Investment Services LLC now owns 10,107 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 192 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $58.87 on Wednesday. The firm has a market capitalization of $91.32 billion, a PE ratio of 12.34, a P/E/G ratio of 1.04 and a beta of 0.97. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $55.46 and a two-hundred day moving average of $54.71. U.S. Bancorp has a 12 month low of $42.55 and a 12 month high of $61.19.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, research analysts forecast that U.S. Bancorp will post 5.07 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.5%. U.S. Bancorp’s dividend payout ratio is currently 43.61%.

Insider Activity

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. reduced their price objective on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Morgan Stanley set a $64.00 price objective on U.S. Bancorp in a research report on Friday, April 17th. Wall Street Zen downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Stephens assumed coverage on U.S. Bancorp in a research report on Monday. They issued an “equal weight” rating and a $63.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.29.

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.