U.S. Bancorp (NYSE:USB) is Sage Capital Advisors llc’s 10th Largest Position

Share on StockTwits

Sage Capital Advisors llc raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 61,455 shares of the financial services provider’s stock after buying an additional 525 shares during the quarter. U.S. Bancorp makes up 2.3% of Sage Capital Advisors llc’s investment portfolio, making the stock its 10th biggest position. Sage Capital Advisors llc’s holdings in U.S. Bancorp were worth $3,644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Simon Quick Advisors LLC raised its position in shares of U.S. Bancorp by 1,060.0% in the 4th quarter. Simon Quick Advisors LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 424 shares in the last quarter. Lenox Wealth Advisors LLC purchased a new position in shares of U.S. Bancorp in the 3rd quarter valued at approximately $33,000. Bridger Capital Management LLC bought a new stake in shares of U.S. Bancorp during the third quarter valued at approximately $33,000. Allred Capital Management LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $33,000. Finally, Old North State Trust LLC boosted its position in shares of U.S. Bancorp by 99.1% during the third quarter. Old North State Trust LLC now owns 667 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 332 shares in the last quarter. 75.23% of the stock is owned by institutional investors and hedge funds.

In other news, EVP James L. Chosy sold 12,356 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $59.93, for a total value of $740,495.08. Following the sale, the executive vice president now directly owns 102,286 shares of the company’s stock, valued at $6,129,999.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Leslie V. Godridge sold 26,084 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.06, for a total value of $1,540,521.04. Following the completion of the sale, the insider now directly owns 65,414 shares in the company, valued at $3,863,350.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 229,161 shares of company stock worth $13,483,396. Insiders own 0.24% of the company’s stock.

USB has been the subject of a number of research reports. Barclays reiterated a “buy” rating and issued a $71.00 price objective on shares of U.S. Bancorp in a report on Tuesday, January 7th. Odeon Capital Group initiated coverage on shares of U.S. Bancorp in a report on Thursday, December 5th. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Tuesday, December 10th. Morgan Stanley reduced their target price on shares of U.S. Bancorp from $62.00 to $61.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Oppenheimer lowered shares of U.S. Bancorp from an “outperform” rating to a “market perform” rating in a research note on Friday, December 20th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. U.S. Bancorp has an average rating of “Hold” and a consensus price target of $58.72.

NYSE:USB traded up $0.10 during trading hours on Thursday, reaching $55.07. 4,989,326 shares of the company traded hands, compared to its average volume of 5,456,567. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $59.16 and its two-hundred day moving average price is $56.05. U.S. Bancorp has a 1 year low of $47.57 and a 1 year high of $61.11. The stock has a market capitalization of $88.39 billion, a P/E ratio of 13.43, a P/E/G ratio of 2.13 and a beta of 1.11.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. U.S. Bancorp had a return on equity of 15.39% and a net margin of 26.54%. The firm had revenue of $5.92 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts anticipate that U.S. Bancorp will post 4.34 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.42 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.05%. U.S. Bancorp’s dividend payout ratio is currently 40.98%.

U.S. Bancorp Company Profile

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

Featured Article: Pattern Day Trader – What is the PDT Rule?

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.