Culbertson A N & Co. Inc. Boosts Stock Position in U.S. Bancorp $USB

Culbertson A N & Co. Inc. boosted its holdings in U.S. Bancorp (NYSE:USB) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,254 shares of the financial services provider’s stock after buying an additional 14,648 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in U.S. Bancorp were worth $7,644,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Gilbert & Cook Inc. increased its holdings in 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 buying an additional 184 shares during the last quarter. Genesis Private Wealth LLC increased its holdings in 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 buying an additional 187 shares during the last quarter. Lantz Financial LLC increased its holdings in U.S. Bancorp by 0.4% in the fourth quarter. Lantz Financial LLC now owns 49,360 shares of the financial services provider’s stock valued at $2,634,000 after buying an additional 199 shares during the last quarter. Park National Corp OH increased its holdings in U.S. Bancorp by 0.7% in the fourth quarter. Park National Corp OH now owns 27,364 shares of the financial services provider’s stock valued at $1,460,000 after buying an additional 200 shares during the last quarter. Finally, Romano Brothers AND Company increased its holdings in U.S. Bancorp by 2.4% in the fourth quarter. Romano Brothers AND Company now owns 9,156 shares of the financial services provider’s stock valued at $489,000 after buying an additional 211 shares during the last quarter. Hedge funds and other 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 the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the sale, the insider owned 97,728 shares in the company, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on USB. UBS Group reissued a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Wednesday, February 4th. Argus raised their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Jefferies Financial Group started coverage on U.S. Bancorp in a report on Thursday, March 26th. They set a “hold” rating and a $55.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on U.S. Bancorp from $62.00 to $58.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.26.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $53.72 on Wednesday. The stock’s 50-day moving average is $54.80 and its two-hundred day moving average is $51.96. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.97 and a beta of 1.01. U.S. Bancorp has a 1 year low of $35.49 and a 1 year high of $61.19. 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 (NYSE:USB) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. The company had revenue of $7.92 billion for 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%.The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. Analysts predict that U.S. Bancorp will post 4.38 earnings per share 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. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio 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.