Hunter Perkins Capital Management LLC Reduces Holdings in U.S. Bancorp (NYSE:USB)

Hunter Perkins Capital Management LLC reduced its stake in U.S. Bancorp (NYSE:USB - Free Report) by 33.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,125 shares of the financial services provider's stock after selling 12,245 shares during the quarter. Hunter Perkins Capital Management LLC's holdings in U.S. Bancorp were worth $1,022,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Pacific Global Investment Management Co. lifted its stake in shares of U.S. Bancorp by 21.0% during the first quarter. Pacific Global Investment Management Co. now owns 15,979 shares of the financial services provider's stock worth $675,000 after buying an additional 2,768 shares during the period. Park Place Capital Corp lifted its position in U.S. Bancorp by 4.6% during the 1st quarter. Park Place Capital Corp now owns 11,973 shares of the financial services provider's stock worth $506,000 after acquiring an additional 530 shares during the period. First Merchants Corp purchased a new stake in U.S. Bancorp during the 1st quarter valued at about $288,000. PDS Planning Inc increased its holdings in shares of U.S. Bancorp by 11.5% in the first quarter. PDS Planning Inc now owns 8,182 shares of the financial services provider's stock valued at $345,000 after purchasing an additional 847 shares during the period. Finally, Bank of Stockton raised its stake in shares of U.S. Bancorp by 3.2% in the first quarter. Bank of Stockton now owns 15,125 shares of the financial services provider's stock worth $639,000 after purchasing an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on USB shares. DA Davidson cut their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Truist Financial decreased their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Bank of America cut their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Piper Sandler lowered their target price on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI lifted their price target on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $50.72.

U.S. Bancorp Trading Up 1.8%

USB opened at $45.64 on Friday. The company has a debt-to-equity ratio of 1.11, 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 $53.98. The company has a market cap of $71.11 billion, a P/E ratio of 11.30, a PEG ratio of 1.69 and a beta of 0.99. The business's 50-day simple moving average is $42.78 and its 200-day simple moving average is $44.58.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the firm posted $0.78 EPS. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of the business's stock in a transaction on Monday, April 21st. The shares were bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

U.S. Bancorp Company 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.

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