Hengehold Capital Management buys $2,754,197 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Hengehold Capital Management scooped up 60,407 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 18, 2016. The investment management firm now holds a total of 65,623 shares of U.S. Bancorp which is valued at $2,754,197.U.S. Bancorp makes up approximately 0.87% of Hengehold Capital Management’s portfolio.

Other Hedge Funds, Including , Salient Trust Co Lta reduced its stake in USB by selling 2,000 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 16,743 shares of USB which is valued at $702,704. U.S. Bancorp makes up approx 0.07% of Salient Trust Co Lta’s portfolio.Pioneer Trust Bank N Aor boosted its stake in USB in the latest quarter, The investment management firm added 2,190 additional shares and now holds a total of 73,079 shares of U.S. Bancorp which is valued at $3,060,549. U.S. Bancorp makes up approx 1.81% of Pioneer Trust Bank N Aor’s portfolio.North Star Investment Management Corp. reduced its stake in USB by selling 1,277 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 64,855 shares of USB which is valued at $2,635,059. U.S. Bancorp makes up approx 0.47% of North Star Investment Management Corp.’s portfolio.Abner Herrman Brock boosted its stake in USB in the latest quarter, The investment management firm added 17,766 additional shares and now holds a total of 73,191 shares of U.S. Bancorp which is valued at $2,973,750. U.S. Bancorp makes up approx 0.69% of Abner Herrman Brock’s portfolio.Moreno Evelyn V boosted its stake in USB in the latest quarter, The investment management firm added 89,105 additional shares and now holds a total of 101,530 shares of U.S. Bancorp which is valued at $4,070,338. U.S. Bancorp makes up approx 1.52% of Moreno Evelyn V’s portfolio.

U.S. Bancorp (USB) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $42.1 and reached the intraday high at $42.16. The bulls started the profit booking and pushed the shares to intraday low of $41.895. The trading session was marked by a volume range of 49,24,347 shares exchanging hands. The 52-week high of the shares is $46.2 and the 52-week low is $37.07. The market cap of the company stands at $72,457 M and there are 1,72,64,03,100 shares in public circulation.

On the company’s financial health, U.S. Bancorp reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $0.80. The company had revenue of $5448.00 million for the quarter, compared to analysts expectations of $5208.03 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 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.

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