Huntington National Bank Has $37.21 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Huntington National Bank raised its holdings in U.S. Bancorp (NYSE:USB) by 45.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 777,918 shares of the financial services provider’s stock after buying an additional 241,278 shares during the quarter. Huntington National Bank’s holdings in U.S. Bancorp were worth $37,208,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in USB. Winch Advisory Services LLC grew its stake in shares of U.S. Bancorp by 1,088.9% in the fourth 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 during the last quarter. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp in the 4th quarter valued at $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp in the 4th quarter worth $28,000. Global Wealth Strategies & Associates increased its holdings 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 purchasing an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at about $30,000. 77.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on USB shares. Wells Fargo & Company lowered their price target on U.S. Bancorp from $62.00 to $56.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. The Goldman Sachs Group cut their target price on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Barclays lifted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Finally, Compass Point raised their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.21.

U.S. Bancorp Trading Down 1.1 %

USB opened at $41.75 on Wednesday. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The stock has a market capitalization of $65.04 billion, a PE ratio of 11.01, a PEG ratio of 1.73 and a beta of 1.02. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $45.47 and a two-hundred day moving average price of $47.56.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.79%. U.S. Bancorp’s payout ratio is 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company’s stock.

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.