Ccm Investment Advisers Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Ccm Investment Advisers reduced its stake in U.S. Bancorp by 4.06% during the most recent quarter end. The investment management company now holds a total of 484,015 shares of U.S. Bancorp which is valued at $20,681,961 after selling 20,474 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.U.S. Bancorp makes up approximately 1.86% of Ccm Investment Advisers’s portfolio.

Other Hedge Funds, Including , Voya Investment Management boosted its stake in USB in the latest quarter, The investment management firm added 12,875 additional shares and now holds a total of 836,238 shares of U.S. Bancorp which is valued at $35,732,450. U.S. Bancorp makes up approx 0.08% of Voya Investment Management’s portfolio.Norges Bank reduced its stake in USB by selling 31,835 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 13,311,085 shares of USB which is valued at $568,782,662. U.S. Bancorp makes up approx 0.27% of Norges Bank’s portfolio.Loomis Sayles Co L P boosted its stake in USB in the latest quarter, The investment management firm added 186,713 additional shares and now holds a total of 535,138 shares of U.S. Bancorp which is valued at $22,866,447. U.S. Bancorp makes up approx 0.06% of Loomis Sayles Co L P’s portfolio.Employees Retirement System Of Texas boosted its stake in USB in the latest quarter, The investment management firm added 20,500 additional shares and now holds a total of 523,600 shares of U.S. Bancorp which is valued at $22,373,428. U.S. Bancorp makes up approx 0.30% of Employees Retirement System Of Texas’s portfolio.Hartford Investment Management Co reduced its stake in USB by selling 6,435 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 404,010 shares of USB which is valued at $17,045,182. U.S. Bancorp makes up approx 0.35% of Hartford Investment Management Co’s portfolio.

U.S. Bancorp closed down -0.12 points or -0.27% at $44.03 with 51,95,535 shares getting traded on Thursday. Post opening the session at $44.25, the shares hit an intraday low of $43.66 and an intraday high of $44.26 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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