Game Creek Capital LP Trims Stock Holdings in U.S. Bancorp (NYSE:USB)

Game Creek Capital LP trimmed its position in U.S. Bancorp (NYSE:USBGet Rating) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,250 shares of the financial services provider’s stock after selling 500 shares during the period. Game Creek Capital LP’s holdings in U.S. Bancorp were worth $1,099,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in USB. BCK Partners Inc. bought a new position in shares of U.S. Bancorp during the first quarter valued at $2,514,000. Acadian Asset Management LLC increased its position in U.S. Bancorp by 3.0% during the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 276 shares during the last quarter. Vontobel Holding Ltd. increased its position in U.S. Bancorp by 20.8% during the first quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock valued at $1,176,000 after acquiring an additional 3,663 shares during the last quarter. Prudential PLC purchased a new stake in U.S. Bancorp during the first quarter valued at $1,731,000. Finally, Candriam Luxembourg S.C.A. increased its position in U.S. Bancorp by 5.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock valued at $4,573,000 after acquiring an additional 4,827 shares during the last quarter. 71.83% of the stock is owned by institutional investors.

Insider Transactions at U.S. Bancorp

In related news, CFO Terrance R. Dolan sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $43.14, for a total value of $517,680.00. Following the completion of the sale, the chief financial officer now owns 153,051 shares in the company, valued at $6,602,620.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Terrance R. Dolan sold 15,000 shares of U.S. Bancorp stock in a transaction on Friday, November 18th. The shares were sold at an average price of $43.34, for a total transaction of $650,100.00. Following the transaction, the chief financial officer now owns 138,051 shares in the company, valued at approximately $5,983,130.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Terrance R. Dolan sold 12,000 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $43.14, for a total transaction of $517,680.00. Following the completion of the transaction, the chief financial officer now owns 153,051 shares in the company, valued at approximately $6,602,620.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,249 shares of company stock worth $6,064,745. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 2.1 %

USB opened at $46.67 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.76 and a current ratio of 0.77. The business’s 50 day moving average price is $44.50 and its 200 day moving average price is $44.69. U.S. Bancorp has a one year low of $38.39 and a one year high of $60.50. The stock has a market capitalization of $69.34 billion, a PE ratio of 11.09, a P/E/G ratio of 1.48 and a beta of 0.96.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Thursday, December 29th. U.S. Bancorp’s payout ratio is 45.61%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wedbush reiterated a “neutral” rating and set a $47.00 price objective on shares of U.S. Bancorp in a research report on Wednesday, September 28th. DA Davidson assumed coverage on U.S. Bancorp in a research report on Tuesday, December 20th. They issued a “neutral” rating and a $47.00 price target for the company. Oppenheimer reduced their price target on U.S. Bancorp from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, December 28th. UBS Group upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $47.00 to $55.00 in a research report on Tuesday, January 10th. Finally, Compass Point reduced their price target on U.S. Bancorp to $43.00 in a research report on Thursday, October 20th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.67.

U.S. Bancorp Company Profile

(Get Rating)

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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