U.S. Bancorp (USB) : Marathon Asset Management Llp reduced its stake in U.S. Bancorp by 2.83% during the most recent quarter end. The investment management company now holds a total of 3,189,147 shares of U.S. Bancorp which is valued at $133,561,476 after selling 92,805 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.U.S. Bancorp makes up approximately 2.76% of Marathon Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Neville Rodie Shaw Inc reduced its stake in USB by selling 900 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 34,340 shares of USB which is valued at $1,395,234. U.S. Bancorp makes up approx 0.16% of Neville Rodie Shaw Inc’s portfolio.Mitchell Sinkler Starrpa reduced its stake in USB by selling 750 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 9,745 shares of USB which is valued at $395,939. U.S. Bancorp makes up approx 0.53% of Mitchell Sinkler Starrpa’s portfolio.Palisade Asset Management boosted its stake in USB in the latest quarter, The investment management firm added 870 additional shares and now holds a total of 100,948 shares of U.S. Bancorp which is valued at $4,101,517. U.S. Bancorp makes up approx 0.76% of Palisade Asset Management’s portfolio.Stillwater Capital Advisors boosted its stake in USB in the latest quarter, The investment management firm added 612 additional shares and now holds a total of 221,905 shares of U.S. Bancorp which is valued at $9,016,000. U.S. Bancorp makes up approx 2.62% of Stillwater Capital Advisors’s portfolio.
U.S. Bancorp closed down -0.01 points or -0.02% at $41.88 with 86,16,154 shares getting traded on Monday. Post opening the session at $41.73, the shares hit an intraday low of $41.73 and an intraday high of $42.09 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.