California State Teachers Retirement System Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : California State Teachers Retirement System reduced its stake in U.S. Bancorp by 3.15% during the most recent quarter end. The investment management company now holds a total of 3,544,509 shares of U.S. Bancorp which is valued at $149,330,164 after selling 115,219 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.U.S. Bancorp makes up approximately 0.31% of California State Teachers Retirement System’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management boosted its stake in USB in the latest quarter, The investment management firm added 13,707 additional shares and now holds a total of 107,791 shares of U.S. Bancorp which is valued at $4,541,235. U.S. Bancorp makes up approx 0.40% of Shelton Capital Management’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in USB in the latest quarter, The investment management firm added 6,521 additional shares and now holds a total of 293,881 shares of U.S. Bancorp which is valued at $12,345,941. U.S. Bancorp makes up approx 1.23% of Tokio Marine Asset Management Co Ltd’s portfolio.Sumitomo Life Insurance Co reduced its stake in USB by selling 15,722 shares or 13.67% in the most recent quarter. The Hedge Fund company now holds 99,283 shares of USB which is valued at $4,157,972. U.S. Bancorp makes up approx 0.55% of Sumitomo Life Insurance Co’s portfolio.Pacwest Financial Management Inc boosted its stake in USB in the latest quarter, The investment management firm added 385 additional shares and now holds a total of 50,704 shares of U.S. Bancorp which is valued at $2,060,104. U.S. Bancorp makes up approx 1.26% of Pacwest Financial Management Inc’s portfolio.

U.S. Bancorp closed down -0.1 points or -0.24% at $42.03 with 41,67,689 shares getting traded on Thursday. Post opening the session at $42.03, the shares hit an intraday low of $41.96 and an intraday high of $42.26 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, U.S. Bancorp reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $0.80. The company had revenue of $5448.00 million for the quarter, compared to analysts expectations of $5208.03 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

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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