Sebold Capital Management Inc. Sells 1,663 Shares of U.S. Bancorp (NYSE:USB)

Sebold Capital Management Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,916 shares of the financial services provider’s stock after selling 1,663 shares during the period. Sebold Capital Management Inc.’s holdings in U.S. Bancorp were worth $283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc. RI raised its stake in U.S. Bancorp by 251.2% in the second quarter. Citizens Financial Group Inc. RI now owns 20,485 shares of the financial services provider’s stock worth $813,000 after buying an additional 14,652 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in U.S. Bancorp in the second quarter worth about $9,198,000. Edgestream Partners L.P. purchased a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $2,495,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of U.S. Bancorp by 4.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider’s stock valued at $7,757,000 after buying an additional 7,481 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of U.S. Bancorp by 6.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 234,050 shares of the financial services provider’s stock valued at $9,292,000 after buying an additional 14,293 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the completion of the sale, the insider now owns 129,790 shares in the company, valued at $6,363,603.70. This trade represents a 16.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 3.8 %

Shares of USB stock opened at $50.92 on Thursday. The company has a market capitalization of $79.44 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The company’s fifty day moving average price is $50.25 and its 200-day moving average price is $46.68. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. U.S. Bancorp’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. Sell-side analysts expect that U.S. Bancorp will post 3.91 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.93%. U.S. Bancorp’s payout ratio is currently 61.16%.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent analyst reports. Stephens increased their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Evercore ISI increased their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Compass Point increased their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Truist Financial initiated coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Finally, Barclays raised their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.07.

U.S. Bancorp 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.