Capital City Trust Co. FL Sells 21,272 Shares of U.S. Bancorp (NYSE:USB)

Capital City Trust Co. FL trimmed its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 44.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,290 shares of the financial services provider's stock after selling 21,272 shares during the quarter. Capital City Trust Co. FL's holdings in U.S. Bancorp were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in USB. Redwood Wealth Management Group LLC purchased a new position in U.S. Bancorp during the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC boosted its position in U.S. Bancorp by 222.7% during the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 441 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $30,000. LRI Investments LLC purchased a new position in shares of U.S. Bancorp in the 1st quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on USB shares. DA Davidson increased their price objective on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Barclays boosted their price objective on U.S. Bancorp from $52.00 to $57.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. The Goldman Sachs Group reduced their price objective on shares of U.S. Bancorp from $48.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 11th. Stephens upped their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, Robert W. Baird set a $54.00 price objective on U.S. Bancorp in a research note on Thursday, October 17th. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $51.22.

U.S. Bancorp Price Performance

USB stock traded up $0.71 on Monday, reaching $50.61. 6,381,124 shares of the company's stock were exchanged, compared to its average volume of 8,364,157. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $46.99 and a 200-day moving average of $43.73. U.S. Bancorp has a twelve month low of $36.49 and a twelve month high of $51.76. The firm has a market cap of $78.95 billion, a PE ratio of 15.26, a P/E/G ratio of 2.94 and a beta of 1.02.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. U.S. Bancorp's revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities analysts predict that U.S. Bancorp will post 3.93 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Monday, September 30th. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.49. U.S. Bancorp's dividend payout ratio is currently 61.16%.

U.S. Bancorp announced that its board has authorized a share buyback program on Thursday, September 12th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the sale, the insider now owns 129,790 shares of the company's stock, valued at $6,363,603.70. The trade was a 16.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

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.