Vestor Capital buys $9.5 Million stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Vestor Capital scooped up 2,118 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 229,804 shares of U.S. Bancorp which is valued at $9.5 Million.U.S. Bancorp makes up approximately 2.80% of Vestor Capital’s portfolio.

Other Hedge Funds, Including , Amf Pensionsforsakring Ab reduced its stake in USB by selling 191,527 shares or 13.69% in the most recent quarter. The Hedge Fund company now holds 1,207,978 shares of USB which is valued at $50 Million. U.S. Bancorp makes up approx 0.66% of Amf Pensionsforsakring Ab’s portfolio.Highlander Capital Management boosted its stake in USB in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 6,200 shares of U.S. Bancorp which is valued at $256,866. U.S. Bancorp makes up approx 0.27% of Highlander Capital Management’s portfolio.Investment Management Of Virginia boosted its stake in USB in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 41,751 shares of U.S. Bancorp which is valued at $1.7 Million. U.S. Bancorp makes up approx 0.47% of Investment Management Of Virginia’s portfolio.Dupont Capital Management Corp boosted its stake in USB in the latest quarter, The investment management firm added 61,521 additional shares and now holds a total of 309,265 shares of U.S. Bancorp which is valued at $13.2 Million. U.S. Bancorp makes up approx 0.30% of Dupont Capital Management Corp’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in USB by selling 1,302 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 78,619 shares of USB which is valued at $3.4 Million. U.S. Bancorp makes up approx 0.08% of Candriam Luxembourg S.c.a.’s portfolio.

U.S. Bancorp opened for trading at $41.74 and hit $42.2 on the upside on Friday, eventually ending the session at $41.74, with a gain of 0.53% or 0.22 points. The heightened volatility saw the trading volume jump to 57,81,658 shares. Company has a market cap of $72,060 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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