Sebold Capital Management Inc. Has $347,000 Stake in U.S. Bancorp (NYSE:USB)

Sebold Capital Management Inc. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,579 shares of the financial services provider’s stock after selling 437 shares during the period. Sebold Capital Management Inc.’s holdings in U.S. Bancorp were worth $347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Waldron Private Wealth LLC grew its stake in U.S. Bancorp by 3.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 13,777 shares of the financial services provider’s stock valued at $630,000 after buying an additional 492 shares during the last quarter. Signaturefd LLC boosted its holdings in U.S. Bancorp by 9.0% during the third quarter. Signaturefd LLC now owns 22,099 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 1,829 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of U.S. Bancorp by 235.7% in the third quarter. Sequoia Financial Advisors LLC now owns 99,600 shares of the financial services provider’s stock valued at $4,555,000 after purchasing an additional 69,934 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of U.S. Bancorp by 14.0% in the third quarter. Foundations Investment Advisors LLC now owns 12,386 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 1,519 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in shares of U.S. Bancorp by 5.9% in the third quarter. Raleigh Capital Management Inc. now owns 46,437 shares of the financial services provider’s stock worth $2,124,000 after purchasing an additional 2,597 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jodi L. Richard sold 25,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now directly owns 129,790 shares in the company, valued at approximately $6,363,603.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Evercore ISI raised their target price on U.S. Bancorp from $49.00 to $51.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. Royal Bank of Canada set a $53.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 17th. The Goldman Sachs Group dropped their target price on shares of U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. UBS Group increased their price target on shares of U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, Jefferies Financial Group dropped their price objective on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.71.

U.S. Bancorp Stock Up 0.2 %

Shares of NYSE:USB opened at $48.03 on Wednesday. The company has a market capitalization of $74.95 billion, a PE ratio of 15.90, a P/E/G ratio of 3.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The company’s fifty day moving average is $45.48 and its 200-day moving average is $42.73. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $50.47.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The firm had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts predict that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp declared that its Board of Directors has authorized a share buyback program on Thursday, September 12th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.50 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.00 annualized dividend and a yield of 4.16%. U.S. Bancorp’s payout ratio is presently 66.23%.

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.