Capital City Trust Co. FL Sells 3,597 Shares of U.S. Bancorp (USB)

Capital City Trust Co. FL lowered its position in U.S. Bancorp (NYSE:USB) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,813 shares of the financial services provider’s stock after selling 3,597 shares during the period. U.S. Bancorp accounts for about 1.1% of Capital City Trust Co. FL’s holdings, making the stock its 24th biggest position. Capital City Trust Co. FL’s holdings in U.S. Bancorp were worth $2,897,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Nationwide Fund Advisors raised its stake in shares of U.S. Bancorp by 13.5% in the first quarter. Nationwide Fund Advisors now owns 935,974 shares of the financial services provider’s stock worth $48,203,000 after purchasing an additional 111,333 shares during the last quarter. Culbertson A N & Co. Inc. raised its stake in shares of U.S. Bancorp by 4.2% in the first quarter. Culbertson A N & Co. Inc. now owns 42,208 shares of the financial services provider’s stock worth $2,174,000 after purchasing an additional 1,700 shares during the last quarter. Country Trust Bank raised its stake in shares of U.S. Bancorp by 16.5% in the first quarter. Country Trust Bank now owns 597,791 shares of the financial services provider’s stock worth $30,786,000 after purchasing an additional 84,551 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of U.S. Bancorp by 0.5% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 118,646 shares of the financial services provider’s stock worth $6,110,000 after purchasing an additional 620 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of U.S. Bancorp by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 45,329 shares of the financial services provider’s stock worth $2,183,000 after purchasing an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 74.21% of the company’s stock.

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Shares of U.S. Bancorp (USB) opened at 49.98 on Monday. The stock has a market capitalization of $83.61 billion, a P/E ratio of 15.10 and a beta of 0.87. The company’s 50 day moving average price is $52.14 and its 200-day moving average price is $52.30. U.S. Bancorp has a 12 month low of $42.17 and a 12 month high of $56.61.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.46 billion. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. Equities analysts predict that U.S. Bancorp will post $3.44 earnings per share for the current year.

U.S. Bancorp announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback $2.60 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

USB has been the subject of several analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $59.00 price objective on shares of U.S. Bancorp in a research note on Friday, June 9th. BidaskClub raised U.S. Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, July 19th. Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, July 20th. Finally, Wells Fargo & Company initiated coverage on U.S. Bancorp in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $56.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $52.50.

U.S. Bancorp Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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