From MarketBeat:

Hills Bank & Trust Co has increased its holdings in shares of U.S. Bancorp by 112.9% during the third quarter, according to its most recent filing with the SEC. They now own 162,907 shares worth $5,386,000. Other hedge funds, including Bank Julius Baer & Co. Ltd Zurich and BlackRock Inc., have also made significant changes to their positions in the company.

The financial services provider’s stock has attracted the attention of several brokerage firms. Wells Fargo & Company, Barclays, Odeon Capital Group, Morgan Stanley, and Oppenheimer have all updated their price targets and ratings for U.S. Bancorp. The stock currently has a consensus rating of “Hold” and an average target price of $45.85.

In other U.S. Bancorp news, insider Terrance R. Dolan sold 22,756 shares of U.S. Bancorp stock in December, valued at $1,024,930.24. Insiders have sold a total of 27,775 shares of company stock valued at $1,225,108 in the last three months. 0.24% of the stock is owned by corporate insiders.

Shares of U.S. Bancorp traded up 1.4% during midday trading on Friday, reaching $43.81. The stock has a market cap of $68.21 billion, and a P/E ratio of 13.04. The company has announced it will be increasing its dividend to $0.49, representing a $1.96 annualized dividend and a yield of 4.47%.

U.S. Bancorp operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company is one of the largest financial services providers in the United States.



Read more: Hills Bank & Trust Co Increases Stock Holdings in U.S. Bancorp (NYSE:USB)