Prudential Plc buys $351,231,541 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Prudential Plc scooped up 93,600 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 10, 2016. The investment management firm now holds a total of 8,219,788 shares of U.S. Bancorp which is valued at $351,231,541.U.S. Bancorp makes up approximately 1.36% of Prudential Plc’s portfolio.

Other Hedge Funds, Including , Mycio Wealth Partners boosted its stake in USB in the latest quarter, The investment management firm added 835 additional shares and now holds a total of 3,135 shares of U.S. Bancorp which is valued at $133,959. U.S. Bancorp makes up approx 0.02% of Mycio Wealth Partners’s portfolio.Pittenger Anderson Inc boosted its stake in USB in the latest quarter, The investment management firm added 925 additional shares and now holds a total of 123,645 shares of U.S. Bancorp which is valued at $5,309,316. U.S. Bancorp makes up approx 0.58% of Pittenger Anderson Inc’s portfolio.Wedbush Securities Inc reduced its stake in USB by selling 127 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 33,803 shares of USB which is valued at $1,424,120. U.S. Bancorp makes up approx 0.23% of Wedbush Securities Inc’s portfolio.Huntington National Bank reduced its stake in USB by selling 96,691 shares or 26.11% in the most recent quarter. The Hedge Fund company now holds 273,662 shares of USB which is valued at $11,496,541. U.S. Bancorp makes up approx 0.28% of Huntington National Bank’s portfolio.

U.S. Bancorp opened for trading at $43.16 and hit $43.41 on the upside on Friday, eventually ending the session at $43.35, with a gain of 0.30% or 0.13 points. The heightened volatility saw the trading volume jump to 39,77,552 shares. Company has a market cap of $74,195 M.

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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