Sanibel Captiva Trust Company Inc. Sells 3,600 Shares of U.S. Bancorp (NYSE:USB)

Sanibel Captiva Trust Company Inc. lessened its position in shares of U.S. Bancorp (NYSE:USB) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,868 shares of the financial services provider’s stock after selling 3,600 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in U.S. Bancorp were worth $711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in USB. Winch Advisory Services LLC lifted its holdings in U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 490 shares during the last quarter. Frazier Financial Advisors LLC lifted its position in shares of U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 441 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 250 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter valued at $38,000. Finally, Kimelman & Baird LLC bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $40,000. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of several analyst reports. Oppenheimer raised their target price on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays upped their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Wells Fargo & Company raised their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Royal Bank of Canada set a $53.00 price target on shares of U.S. Bancorp in a report on Thursday, October 17th. Finally, Truist Financial assumed coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Up 0.8 %

Shares of NYSE:USB opened at $48.40 on Friday. The stock has a market capitalization 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. The stock’s 50-day moving average price is $50.18 and its 200-day moving average price is $46.78. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly 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. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the company earned $0.99 EPS. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that U.S. Bancorp will post 3.91 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.13%. U.S. Bancorp’s dividend payout ratio is currently 61.16%.

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.