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

Sebold Capital Management Inc. lowered its holdings in U.S. Bancorp (NYSE:USB) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,916 shares of the financial services provider’s stock after selling 1,663 shares during the quarter. Sebold Capital Management Inc.’s holdings in U.S. Bancorp were worth $283,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of USB. Winch Advisory Services LLC raised its stake in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 490 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in shares of U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Frazier Financial Advisors LLC raised its stake in shares of U.S. Bancorp by 222.7% during the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 441 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $38,000. Finally, First Financial Corp IN bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $41,000. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research report on Thursday, October 24th. Barclays upped their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Stephens upped their price objective 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. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Thursday, December 19th. Finally, Royal Bank of Canada set a $53.00 price objective on shares of U.S. Bancorp in a report on Thursday, October 17th. Ten equities research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.07.

Insider Activity at U.S. Bancorp

In related news, insider Jodi L. Richard sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the sale, the insider now owns 129,790 shares of the company’s stock, valued at $6,363,603.70. This trade represents a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Trading Up 3.8 %

Shares of USB opened at $50.92 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $79.44 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.47 and a beta of 1.05. The firm has a 50-day moving average price of $50.25 and a 200 day moving average price of $46.68. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98.

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

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.93%. U.S. Bancorp’s dividend payout ratio (DPR) is 61.16%.

U.S. Bancorp Company 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.