Mcf Advisors buys $903,013 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Mcf Advisors scooped up 11,153 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 11, 2016. The investment management firm now holds a total of 21,133 shares of U.S. Bancorp which is valued at $903,013.U.S. Bancorp makes up approximately 0.21% of Mcf Advisors’s portfolio.

Other Hedge Funds, Including , Woodmont Investment Counsel boosted its stake in USB in the latest quarter, The investment management firm added 272 additional shares and now holds a total of 9,047 shares of U.S. Bancorp which is valued at $386,578. U.S. Bancorp makes up approx 0.11% of Woodmont Investment Counsel’s portfolio.Vicus Capital boosted its stake in USB in the latest quarter, The investment management firm added 384 additional shares and now holds a total of 5,528 shares of U.S. Bancorp which is valued at $232,895. U.S. Bancorp makes up approx 0.06% of Vicus Capital’s portfolio.Bbva Compass Bancshares Inc reduced its stake in USB by selling 9,674 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 116,825 shares of USB which is valued at $4,926,510. U.S. Bancorp makes up approx 0.36% of Bbva Compass Bancshares Inc’s portfolio.Dearborn Partners reduced its stake in USB by selling 544 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 21,604 shares of USB which is valued at $906,720. U.S. Bancorp makes up approx 0.08% of Dearborn Partners’s portfolio.Cue Financial Group reduced its stake in USB by selling 281 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 12,377 shares of USB which is valued at $502,878. U.S. Bancorp makes up approx 0.42% of Cue Financial Group’s portfolio.

U.S. Bancorp opened for trading at $43.45 and hit $43.66 on the upside on Tuesday, eventually ending the session at $43.44, with a gain of 0.16% or 0.07 points. The heightened volatility saw the trading volume jump to 41,60,074 shares. Company has a market cap of $74,349 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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