U.S. Bancorp (USB) : Etf Portfolio Partners has sold out all of its stake in U.S. Bancorp during the most recent quarter, according to the disclosure filed by the company on Apr 12, 2016 with the SEC. The investment management company has sold out 21,476 shares of U.S. Bancorp which is valued at $882,664.
U.S. Bancorp closed down -0.18 points or -0.44% at $41.1 with 70,52,583 shares getting traded on Friday. Post opening the session at $41.45, the shares hit an intraday low of $40.95 and an intraday high of $41.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Lenox Wealth Advisors reduced its stake in USB by selling 203 shares or 83.88% in the most recent quarter. The Hedge Fund company now holds 39 shares of USB which is valued at $1,603.Stillwater Capital Advisors reduced its stake in USB by selling 754 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 221,293 shares of USB which is valued at $9,095,142. U.S. Bancorp makes up approx 2.64% of Stillwater Capital Advisors’s portfolio.Proficio Capital Partners boosted its stake in USB in the latest quarter, The investment management firm added 219 additional shares and now holds a total of 439 shares of U.S. Bancorp which is valued at $17,354. U.S. Bancorp makes up approx 0.01% of Proficio Capital Partners’s portfolio.
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.