U.S. Bancorp (USB) : Rosenbaum Jay D. scooped up 2,500 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 7, 2016. The investment management firm now holds a total of 21,490 shares of U.S. Bancorp which is valued at $861,534.U.S. Bancorp makes up approximately 0.12% of Rosenbaum Jay D.’s portfolio.
Other Hedge Funds, Including , West Oak Capital boosted its stake in USB in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 49,362 shares of U.S. Bancorp which is valued at $1,978,923. U.S. Bancorp makes up approx 1.41% of West Oak Capital’s portfolio.Laurel Wealth Advisors reduced its stake in USB by selling 353 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 6,827 shares of USB which is valued at $273,694. U.S. Bancorp makes up approx 0.13% of Laurel Wealth Advisors’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in USB by selling 911 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 49,732 shares of USB which is valued at $1,942,532. U.S. Bancorp makes up approx 0.38% of First Financial Bank N.a. – Trust Division’s portfolio.
U.S. Bancorp opened for trading at $40.4 and hit $40.525 on the upside on Monday, eventually ending the session at $40.3, with a gain of 0.52% or 0.21 points. The heightened volatility saw the trading volume jump to 44,17,223 shares. Company has a market cap of $69,574 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 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.