U.S. Bancorp (USB) Shares Bought by Capital City Trust Co. FL

Capital City Trust Co. FL raised its position in U.S. Bancorp (NYSE:USB) by 3.9% during the third quarter, HoldingsChannel.com reports. The firm owned 53,131 shares of the financial services provider’s stock after buying an additional 2,016 shares during the quarter. Capital City Trust Co. FL’s holdings in U.S. Bancorp were worth $2,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Field & Main Bank raised its position in U.S. Bancorp by 49.9% in 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. Auxier Asset Management raised its position in U.S. Bancorp by 8.6% in the second quarter. Auxier Asset Management now owns 12,660 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 1,000 shares during the period. Legacy Capital Partners Inc. raised its position in U.S. Bancorp by 7.2% in the third quarter. Legacy Capital Partners Inc. now owns 14,841 shares of the financial services provider’s stock valued at $784,000 after purchasing an additional 1,000 shares during the period. Curbstone Financial Management Corp raised its position in U.S. Bancorp by 2.4% in the third quarter. Curbstone Financial Management Corp now owns 42,950 shares of the financial services provider’s stock valued at $2,268,000 after purchasing an additional 1,000 shares during the period. Finally, Homrich & Berg raised its position in U.S. Bancorp by 2.9% in the second quarter. Homrich & Berg now owns 35,620 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 1,018 shares during the period. 74.29% of the stock is currently owned by institutional investors.

Shares of USB stock traded down $0.36 on Thursday, reaching $52.54. 609,314 shares of the stock were exchanged, compared to its average volume of 6,848,728. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.83. The company has a market cap of $86.03 billion, a P/E ratio of 15.46, a PEG ratio of 1.73 and a beta of 0.98. U.S. Bancorp has a twelve month low of $48.49 and a twelve month high of $58.50.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. U.S. Bancorp had a net margin of 26.96% and a return on equity of 14.66%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post 4.07 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.82%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.30. U.S. Bancorp’s payout ratio is presently 43.27%.

A number of analysts have recently weighed in on the company. ValuEngine lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Friday, October 12th. CIBC raised U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research report on Thursday. Oppenheimer raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research report on Thursday. Finally, UBS Group raised U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $59.68.

In related news, Vice Chairman John R. Elmore sold 58,924 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the completion of the transaction, the insider now owns 98,371 shares in the company, valued at $5,086,764.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.43% of the company’s stock.

About U.S. Bancorp

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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