Blackrock Investment Management Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Blackrock Investment Management reduced its stake in U.S. Bancorp by 0.18% during the most recent quarter end. The investment management company now holds a total of 10,594,026 shares of U.S. Bancorp which is valued at $438,910,497 after selling 19,096 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on May 10, 2016.U.S. Bancorp makes up approximately 0.58% of Blackrock Investment Management’s portfolio.

Other Hedge Funds, Including , Schroder Investment Management Group boosted its stake in USB in the latest quarter, The investment management firm added 308,234 additional shares and now holds a total of 2,199,548 shares of U.S. Bancorp which is valued at $91,127,274. U.S. Bancorp makes up approx 0.19% of Schroder Investment Management Group’s portfolio.Check Capital Management Incca boosted its stake in USB in the latest quarter, The investment management firm added 402,170 additional shares and now holds a total of 814,694 shares of U.S. Bancorp which is valued at $34,037,915. U.S. Bancorp makes up approx 3.55% of Check Capital Management Incca’s portfolio.Barrett Asset Management boosted its stake in USB in the latest quarter, The investment management firm added 1,405 additional shares and now holds a total of 366,095 shares of U.S. Bancorp which is valued at $15,628,596. U.S. Bancorp makes up approx 1.34% of Barrett Asset Management’s portfolio.River Wealth Advisors boosted its stake in USB in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 51,199 shares of U.S. Bancorp which is valued at $2,185,685. U.S. Bancorp makes up approx 1.29% of River Wealth Advisors’s portfolio.

U.S. Bancorp opened for trading at $41.24 and hit $41.96 on the upside on Monday, eventually ending the session at $41.69, with a gain of 0.63% or 0.26 points. The heightened volatility saw the trading volume jump to 1,64,92,402 shares. Company has a market cap of $71,974 M.

On the company’s financial health, U.S. Bancorp reported $0.76 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.76. The company had revenue of $5037.00 million for the quarter, compared to analysts expectations of $5071.11 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on U.S. Bancorp. Shares were Reiterated by Compass Point on Apr 21, 2016 to “Neutral” and Lowered the Price Target to $ 46 from a previous price target of $48 .Shares were Downgraded by Robert W. Baird on Apr 21, 2016 to ” Neutral” and Lowered the Price Target to $ 42 from a previous price target of $45 .U.S. Bancorp was Downgraded by Guggenheim to ” Neutral” on Apr 6, 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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