Trust Co. of Vermont Trims Stake in U.S. Bancorp (NYSE:USB)

Trust Co. of Vermont reduced its stake in U.S. Bancorp (NYSE:USB - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,451 shares of the financial services provider's stock after selling 6,353 shares during the quarter. Trust Co. of Vermont's holdings in U.S. Bancorp were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Arkadios Wealth Advisors grew its holdings in shares of U.S. Bancorp by 13.2% during the 4th quarter. Arkadios Wealth Advisors now owns 104,112 shares of the financial services provider's stock valued at $4,980,000 after purchasing an additional 12,165 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of U.S. Bancorp by 8.6% in the fourth quarter. Brooklyn Investment Group now owns 5,202 shares of the financial services provider's stock worth $249,000 after buying an additional 410 shares during the period. Somerset Trust Co increased its holdings in shares of U.S. Bancorp by 4.8% in the fourth quarter. Somerset Trust Co now owns 28,087 shares of the financial services provider's stock worth $1,343,000 after buying an additional 1,293 shares during the period. Merit Financial Group LLC boosted its holdings in U.S. Bancorp by 178.7% during the 4th quarter. Merit Financial Group LLC now owns 34,881 shares of the financial services provider's stock valued at $1,668,000 after acquiring an additional 22,367 shares during the period. Finally, Brand Asset Management Group Inc. bought a new position in U.S. Bancorp during the 4th quarter worth approximately $201,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Up 0.8 %

USB stock traded up $0.37 on Friday, reaching $48.40. 14,819,489 shares of the company traded hands, compared to its average volume of 5,864,763. The firm has a fifty day simple moving average of $50.18 and a 200-day simple moving average of $46.83. The company has a market cap of $75.50 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results 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 business had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Research analysts anticipate that U.S. Bancorp will post 3.91 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is 61.16%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Stephens boosted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Raymond James raised shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target on the stock in a report on Thursday, December 19th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their target price for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Evercore ISI boosted their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley dropped their price objective on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Friday. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.21.

U.S. Bancorp Company 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.