River Road Asset Management Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : River Road Asset Management reduced its stake in U.S. Bancorp by 12.26% during the most recent quarter end. The investment management company now holds a total of 2,725,456 shares of U.S. Bancorp which is valued at $112.9 Million after selling 380,927 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on May 13, 2016.U.S. Bancorp makes up approximately 2.07% of River Road Asset Management’s portfolio.

Other Hedge Funds, Including , Dana Investment Advisors reduced its stake in USB by selling 1,193 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 25,798 shares of USB which is valued at $1.1 Million. U.S. Bancorp makes up approx 0.05% of Dana Investment Advisors’s portfolio.Bb&t Securities boosted its stake in USB in the latest quarter, The investment management firm added 45,604 additional shares and now holds a total of 169,434 shares of U.S. Bancorp which is valued at $7 Million. U.S. Bancorp makes up approx 0.12% of Bb&t Securities’s portfolio.Archford Capital Strategies boosted its stake in USB in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 22,684 shares of U.S. Bancorp which is valued at $939,798. U.S. Bancorp makes up approx 0.45% of Archford Capital Strategies’s portfolio.Cadence Capital Management reduced its stake in USB by selling 23,916 shares or 8.79% in the most recent quarter. The Hedge Fund company now holds 248,162 shares of USB which is valued at $10.4 Million. U.S. Bancorp makes up approx 0.73% of Cadence Capital Management’s portfolio.

U.S. Bancorp opened for trading at $42.58 and hit $43.23 on the upside on Wednesday, eventually ending the session at $42.96, with a gain of 1.61% or 0.68 points. The heightened volatility saw the trading volume jump to 78,07,950 shares. Company has a market cap of $74,166 M.

On the company’s financial health, U.S. Bancorp 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 U.S. Bancorp. 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 .U.S. Bancorp 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.

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