U.S. Bancorp (USB) : Carlson Capital Management scooped up 3,770 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 21,146 shares of U.S. Bancorp which is valued at $847,743.U.S. Bancorp makes up approximately 0.30% of Carlson Capital Management’s portfolio.
Other Hedge Funds, Including , Trust Co reduced its stake in USB by selling 800 shares or 7.84% in the most recent quarter. The Hedge Fund company now holds 9,406 shares of USB which is valued at $377,087. U.S. Bancorp makes up approx 0.14% of Trust Co’s portfolio.Rosenbaum Jay D. boosted its stake in USB in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 21,490 shares of U.S. Bancorp which is valued at $861,534. U.S. Bancorp makes up approx 0.12% of Rosenbaum Jay D.’s portfolio.Cardinal Capital Management boosted its stake in USB in the latest quarter, The investment management firm added 925 additional shares and now holds a total of 274,450 shares of U.S. Bancorp which is valued at $11,002,701. U.S. Bancorp makes up approx 1.20% of Cardinal Capital Management’s portfolio.Stock Yards Bank Trust Co reduced its stake in USB by selling 3,171 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 224,214 shares of USB which is valued at $8,757,799. U.S. Bancorp makes up approx 1.17% of Stock Yards Bank Trust Co’s portfolio.
U.S. Bancorp closed down -0.04 points or -0.10% at $40.63 with 62,39,897 shares getting traded on Wednesday. Post opening the session at $40.75, the shares hit an intraday low of $40.4681 and an intraday high of $40.9 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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 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.