Reik Lowers stake in US BANCORP COM (NEW) (USB)

US BANCORP COM (NEW) (USB) : Reik reduced its stake in US BANCORP COM (NEW) by 4.89% during the most recent quarter end. The investment management company now holds a total of 769,899 shares of US BANCORP COM (NEW) which is valued at $33,336,627 after selling 39,600 shares in US BANCORP COM (NEW) , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.US BANCORP COM (NEW) makes up approximately 11.95% of Reik’s portfolio.

US BANCORP COM (NEW) opened for trading at $43.38 and hit $43.94 on the upside on Wednesday, eventually ending the session at $43.53, with a gain of 0.37% or 0.16 points. The heightened volatility saw the trading volume jump to 96,86,585 shares. Company has a market cap of $75,625 M.

Other Hedge Funds, Including , Empirical Financial Services boosted its stake in USB in the latest quarter, The investment management firm added 139 additional shares and now holds a total of 9,846 shares of US BANCORP COM (NEW) which is valued at $426,332. US BANCORP COM (NEW) makes up approx 0.10% of Empirical Financial Services’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in USB by selling 4,709 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 297,381 shares of USB which is valued at $12,222,359. US BANCORP COM (NEW) makes up approx 1.66% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in USB in the latest quarter, The investment management firm added 3,435 additional shares and now holds a total of 4,435 shares of US BANCORP COM (NEW) which is valued at $182,279. US BANCORP COM (NEW) makes up approx 0.17% of Gierl Augustine Investment Management Inc’s portfolio.Carnegie Capital Asset Management boosted its stake in USB in the latest quarter, The investment management firm added 3,786 additional shares and now holds a total of 185,687 shares of US BANCORP COM (NEW) which is valued at $7,631,736. US BANCORP COM (NEW) makes up approx 1.16% of Carnegie Capital Asset Management’s portfolio.

On the company’s financial health, US BANCORP COM (NEW) reported $0.76 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.76. The company had revenue of $5037.00 million for the quarter, compared to analysts expectations of $5071.11 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on US BANCORP COM (NEW). Shares were Reiterated by Compass Point on Apr 21, 2016 to “Neutral” and Lowered the Price Target to $ 46 from a previous price target of $48 .Shares were Downgraded by Robert W. Baird on Apr 21, 2016 to ” Neutral” and Lowered the Price Target to $ 42 from a previous price target of $45 .US BANCORP COM (NEW) was Downgraded by Guggenheim to ” Neutral” on Apr 6, 2016.

U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary U.S. Bank National Association is engaged in the general banking business in domestic markets. The Company provides a 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 machines (ATM) processing mortgage banking insurance brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals businesses institutional organizations governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Company’s domestic markets to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.

Leave a Reply

US BANCORP COM (NEW) - Is it time to Sell?

Top Brokerage Firms are advising their investors on US BANCORP COM (NEW). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.