Capital City Trust Co. FL Sells 1,427 Shares of U.S. Bancorp $USB

Capital City Trust Co. FL cut its stake in shares of U.S. Bancorp (NYSE:USB) by 19.9% in the second quarter, Holdings Channel reports. The fund owned 5,737 shares of the financial services provider’s stock after selling 1,427 shares during the period. Capital City Trust Co. FL’s holdings in U.S. Bancorp were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 36,863 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of U.S. Bancorp by 8.8% in the first quarter. RFG Advisory LLC now owns 15,971 shares of the financial services provider’s stock valued at $674,000 after buying an additional 1,296 shares during the last quarter. Vest Financial LLC raised its holdings in shares of U.S. Bancorp by 73.5% in the first quarter. Vest Financial LLC now owns 12,772 shares of the financial services provider’s stock valued at $539,000 after buying an additional 5,411 shares during the last quarter. E. Ohman J or Asset Management AB increased its position in U.S. Bancorp by 208.9% in the first quarter. E. Ohman J or Asset Management AB now owns 69,500 shares of the financial services provider’s stock worth $2,934,000 after purchasing an additional 47,000 shares during the period. Finally, Stablepoint Partners LLC increased its position in U.S. Bancorp by 2.3% in the first quarter. Stablepoint Partners LLC now owns 31,115 shares of the financial services provider’s stock worth $1,314,000 after purchasing an additional 708 shares during the period. 77.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $48.00 on Friday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a market cap of $74.69 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The business’s 50 day moving average is $47.61 and its 200-day moving average is $44.57.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company posted $0.98 earnings per share. U.S. Bancorp’s revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp’s payout ratio is presently 49.76%.

Analysts Set New Price Targets

A number of analysts recently weighed in on USB shares. Truist Financial increased their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. DA Davidson boosted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Citigroup boosted their price objective on U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Oppenheimer cut their target price on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the company an “equal weight” rating in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.26.

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.