Trust Co. of Vermont Lowers Stock Holdings in U.S. Bancorp (NYSE:USB)

Trust Co. of Vermont reduced its stake in U.S. Bancorp (NYSE:USB) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The firm 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 SEC filing.

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

U.S. Bancorp Price Performance

U.S. Bancorp stock traded up $0.37 during mid-day trading on Friday, hitting $48.40. The stock had a trading volume of 14,819,489 shares, compared to its average volume of 5,864,763. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The firm’s 50 day moving average is $50.22 and its 200 day moving average is $46.72. The firm has a market capitalization of $75.50 billion, a P/E ratio of 14.80, a P/E/G 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.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, sell-side analysts forecast that U.S. Bancorp will post 3.91 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 currently 61.16%.

Wall Street Analyst Weigh In

USB has been the subject of several analyst reports. Oppenheimer raised their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a report on Monday, January 13th. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Morgan Stanley reduced 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. Finally, Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.21.

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.