Sanibel Captiva Trust Company Inc. Has $564,000 Stock Holdings in U.S. Bancorp (NYSE:USB)

Sanibel Captiva Trust Company Inc. cut its stake in shares of U.S. Bancorp (NYSE:USB) by 10.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,369 shares of the financial services provider’s stock after selling 1,499 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in U.S. Bancorp were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC raised its position in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 36,863 shares during the period. Strategic Financial Concepts LLC acquired a new position in U.S. Bancorp during the fourth quarter valued at $971,000. Empowered Funds LLC raised its position in U.S. Bancorp by 22.0% during the fourth quarter. Empowered Funds LLC now owns 33,697 shares of the financial services provider’s stock valued at $1,612,000 after buying an additional 6,079 shares during the period. Kestra Private Wealth Services LLC raised its position in U.S. Bancorp by 11.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 31,190 shares of the financial services provider’s stock valued at $1,492,000 after buying an additional 3,123 shares during the period. Finally, Savant Capital LLC raised its position in U.S. Bancorp by 4.6% during the fourth quarter. Savant Capital LLC now owns 61,049 shares of the financial services provider’s stock valued at $2,920,000 after buying an additional 2,670 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $44.21 on Thursday. The business has a 50 day moving average price of $41.46 and a 200 day moving average price of $45.26. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a market cap of $68.87 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.73 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

USB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company dropped their price target on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Barclays dropped their target price on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Raymond James reaffirmed an “outperform” rating and issued a $51.00 target price (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Finally, Piper Sandler dropped their target price on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.72.

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.