FORA Capital LLC Cuts Stake in U.S. Bancorp $USB

FORA Capital LLC reduced its position in shares of U.S. Bancorp (NYSE:USB) by 38.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,171 shares of the financial services provider’s stock after selling 31,606 shares during the quarter. FORA Capital LLC’s holdings in U.S. Bancorp were worth $2,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in USB. Parcion Private Wealth LLC raised its holdings in U.S. Bancorp by 0.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after acquiring an additional 218 shares during the last quarter. Modern Wealth Management LLC boosted its stake in U.S. Bancorp by 1.0% during the 3rd quarter. Modern Wealth Management LLC now owns 22,493 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 221 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in U.S. Bancorp by 4.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 5,339 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 232 shares during the last quarter. Bogart Wealth LLC increased its holdings in shares of U.S. Bancorp by 4.4% in the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 234 shares in the last quarter. Finally, Hoxton Planning & Management LLC increased its holdings in shares of U.S. Bancorp by 3.4% in the 3rd quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $60.00 price target on shares of U.S. Bancorp in a report on Wednesday, February 4th. Keefe, Bruyette & Woods boosted their target price on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Argus upped their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. TD Cowen raised their price target on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a research note on Monday, February 9th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.02.

U.S. Bancorp Trading Down 0.9%

Shares of U.S. Bancorp stock opened at $51.00 on Friday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $61.19. The company’s fifty day simple moving average is $55.86 and its 200-day simple moving average is $51.58. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $79.17 billion, a PE ratio of 11.04, a P/E/G ratio of 0.92 and a beta of 1.04.

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

U.S. Bancorp Announces Dividend

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

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.