Trust Co. of Vermont Sells 27,846 Shares of U.S. Bancorp (NYSE:USB)

Trust Co. of Vermont trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 28.2% during the 4th quarter, Holdings Channel reports. The fund owned 70,994 shares of the financial services provider’s stock after selling 27,846 shares during the period. Trust Co. of Vermont’s holdings in U.S. Bancorp were worth $3,073,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. CGC Financial Services LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at about $25,000. BKM Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at about $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $27,000. Naples Money Management LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $30,000. Finally, Pineridge Advisors LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. DA Davidson decreased their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Wells Fargo & Company dropped their price target on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Finally, UBS Group decreased their price objective on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.02.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $39.09 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $61.00 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 3.74 and a beta of 1.05. The firm’s 50 day simple moving average is $40.64 and its 200-day simple moving average is $41.72. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $1.16 earnings per share. Analysts expect that U.S. Bancorp will post 3.84 EPS for the current year.

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.