Vigilant Capital Management buys $15,073,819 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Vigilant Capital Management scooped up 3,535 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 359,157 shares of U.S. Bancorp which is valued at $15,073,819.U.S. Bancorp makes up approximately 2.80% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Carroll Financial Associates reduced its stake in USB by selling 397 shares or 8.94% in the most recent quarter. The Hedge Fund company now holds 4,045 shares of USB which is valued at $169,769. U.S. Bancorp makes up approx 0.03% of Carroll Financial Associates’s portfolio.Deroy Devereaux Private Investment Counsel Inc boosted its stake in USB in the latest quarter, The investment management firm added 2,496 additional shares and now holds a total of 299,877 shares of U.S. Bancorp which is valued at $12,184,003. U.S. Bancorp makes up approx 1.57% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Pure Financial Advisors boosted its stake in USB in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 6,143 shares of U.S. Bancorp which is valued at $249,590. U.S. Bancorp makes up approx 0.08% of Pure Financial Advisors’s portfolio. Founders Financial Securities added USB to its portfolio by purchasing 51,016 company shares during the most recent quarter which is valued at $2,045,231. U.S. Bancorp makes up approx 0.93% of Founders Financial Securities’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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