Foster Motley Inc buys $3,486,005 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Foster Motley Inc scooped up 1,277 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 82,744 shares of U.S. Bancorp which is valued at $3,486,005.U.S. Bancorp makes up approximately 0.67% of Foster Motley Inc’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c added USB to its portfolio by purchasing 12,812 company shares during the most recent quarter which is valued at $539,770. U.S. Bancorp makes up approx 0.07% of Spot Trading L.l.c’s portfolio.First Manhattan Co reduced its stake in USB by selling 44,775 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 2,226,565 shares of USB which is valued at $93,248,542. U.S. Bancorp makes up approx 0.56% of First Manhattan Co’s portfolio.Neville Rodie Shaw Inc reduced its stake in USB by selling 900 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 34,340 shares of USB which is valued at $1,395,234. U.S. Bancorp makes up approx 0.16% of Neville Rodie Shaw Inc’s portfolio. Founders Financial Securities added USB to its portfolio by purchasing 51,016 company shares during the most recent quarter which is valued at $2,045,231. U.S. Bancorp makes up approx 0.93% of Founders Financial Securities’s portfolio.Triangle Securities Wealth Management reduced its stake in USB by selling 1,255 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 32,541 shares of USB which is valued at $1,304,569. U.S. Bancorp makes up approx 0.96% of Triangle Securities Wealth Management’s portfolio.

U.S. Bancorp closed down -0.03 points or -0.07% at $42.94 with 44,61,190 shares getting traded on Monday. Post opening the session at $42.99, the shares hit an intraday low of $42.86 and an intraday high of $43.15 and the price fluctuated in this range throughout the day.Shares ended Monday 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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