D. Scott Neal buys $310,264 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : D. Scott Neal scooped up 42 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 7,549 shares of U.S. Bancorp which is valued at $310,264.U.S. Bancorp makes up approximately 0.29% of D. Scott Neal’s portfolio.

U.S. Bancorp opened for trading at $41.03 and hit $41.3 on the upside on Monday, eventually ending the session at $41.21, with a gain of 0.27% or 0.11 points. The heightened volatility saw the trading volume jump to 75,66,357 shares. Company has a market cap of $71,595 M.

Other Hedge Funds, Including , Kanaly Trust Co reduced its stake in USB by selling 1,379 shares or 79.66% in the most recent quarter. The Hedge Fund company now holds 352 shares of USB which is valued at $14,467. Lincoln Capital sold out all of its stake in USB during the most recent quarter. The investment firm sold 4,742 shares of USB which is valued $194,896.

On the company’s financial health, U.S. Bancorp reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 15, 2016. Analyst had a consensus of $0.79. The company had revenue of $5211.00 million for the quarter, compared to analysts expectations of $5130.57 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on U.S. Bancorp. U.S. Bancorp was Downgraded by Guggenheim to ” Neutral” on Apr 6, 2016. U.S. Bancorp was Upgraded by Atlantic Equities to ” Overweight” on Mar 14, 2016. U.S. Bancorp was Upgraded by Wells Fargo to ” Outperform” on Feb 10, 2016.

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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