HC Financial Advisors Inc. Has $2.27 Million Holdings in U.S. Bancorp (USB)

HC Financial Advisors Inc. raised its position in shares of U.S. Bancorp (NYSE:USB) by 5.2% during the third quarter, Holdings Channel reports. The fund owned 42,967 shares of the financial services provider’s stock after acquiring an additional 2,143 shares during the quarter. U.S. Bancorp accounts for approximately 2.0% of HC Financial Advisors Inc.’s investment portfolio, making the stock its 17th largest holding. HC Financial Advisors Inc.’s holdings in U.S. Bancorp were worth $2,269,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Horan Capital Management bought a new position in U.S. Bancorp during the second quarter valued at $109,000. Integrated Investment Consultants LLC purchased a new stake in shares of U.S. Bancorp during the second quarter valued at $135,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of U.S. Bancorp during the first quarter valued at $141,000. Field & Main Bank boosted its stake in shares of U.S. Bancorp by 49.9% during the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,000 shares during the period. Finally, NEXT Financial Group Inc purchased a new stake in shares of U.S. Bancorp during the third quarter valued at $181,000. Institutional investors and hedge funds own 74.29% of the company’s stock.

In related news, Vice Chairman John R. Elmore sold 58,924 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $51.71, for a total value of $3,046,960.04. Following the completion of the sale, the insider now directly owns 98,371 shares of the company’s stock, valued at $5,086,764.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on USB. UBS Group raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday. Nomura lowered their target price on shares of U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday. Wedbush set a $58.00 target price on shares of U.S. Bancorp and gave the company a “hold” rating in a research note on Thursday. ValuEngine lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, Oppenheimer raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. U.S. Bancorp presently has an average rating of “Hold” and a consensus target price of $59.58.

NYSE:USB opened at $52.13 on Friday. U.S. Bancorp has a 1-year low of $48.49 and a 1-year high of $58.50. The stock has a market capitalization of $86.03 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. U.S. Bancorp had a net margin of 26.96% and a return on equity of 14.66%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 4.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a $0.37 dividend. The ex-dividend date was Thursday, September 27th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.30. This represents a $1.48 dividend on an annualized basis and a yield of 2.84%. U.S. Bancorp’s dividend payout ratio is 43.27%.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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