U.S. Bancorp (USB) : True Private Wealth Advisors added new position in U.S. Bancorp during the most recent quarter end. The investment management firm now holds 64,541 shares of U.S. Bancorp which is valued at $2.7 Million , the company said in a statement filed on May 11, 2016 with the SEC.U.S. Bancorp makes up approximately 1.04% of True Private Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Coho Partners Ltd. reduced its stake in USB by selling 2,660 shares or 5.16% in the most recent quarter. The Hedge Fund company now holds 48,895 shares of USB which is valued at $2 Million. U.S. Bancorp makes up approx 0.08% of Coho Partners Ltd.’s portfolio.Wfg Advisors Lp reduced its stake in USB by selling 45 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 4,873 shares of USB which is valued at $201,888. U.S. Bancorp makes up approx 0.06% of Wfg Advisors Lp’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 Million. U.S. Bancorp makes up approx 3.55% of Check Capital Management Incca’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in USB in the latest quarter, The investment management firm added 372,334 additional shares and now holds a total of 2,862,337 shares of U.S. Bancorp which is valued at $122.2 Million. U.S. Bancorp makes up approx 1.00% of Public Employees Retirement Association Of Colorado’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.