CENTRAL TRUST Co Cuts Stock Position in U.S. Bancorp (NYSE:USB)

CENTRAL TRUST Co lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.5% during the first quarter, HoldingsChannel reports. The fund owned 56,080 shares of the financial services provider’s stock after selling 1,456 shares during the period. CENTRAL TRUST Co’s holdings in U.S. Bancorp were worth $2,368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USB. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp during the fourth quarter worth $26,000. FPC Investment Advisory Inc. acquired a new position in U.S. Bancorp during the fourth quarter worth $28,000. Picton Mahoney Asset Management acquired a new position in U.S. Bancorp during the fourth quarter worth $30,000. Millstone Evans Group LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $31,000. Finally, REAP Financial Group LLC grew its holdings in U.S. Bancorp by 86.1% during the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 297 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $559,800. This represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on USB. Royal Bank Of Canada dropped their price objective on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Cowen began coverage on U.S. Bancorp in a report on Wednesday, May 14th. They set a “buy” rating on the stock. Barclays dropped their price objective on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Bank of America dropped their price objective on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, Citigroup lowered their target price on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.72.

U.S. Bancorp Stock Down 1.1%

USB opened at $42.68 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a market cap of $66.49 billion, a P/E ratio of 10.56, a PEG ratio of 1.62 and a beta of 0.99. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The business’s fifty day simple moving average is $41.95 and its 200 day simple moving average is $44.92.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same quarter last year, the company earned $0.78 earnings per share. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

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.