Badgley Phelps Bell Inc buys $8,703,510 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Badgley Phelps Bell Inc scooped up 1,435 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 206,587 shares of U.S. Bancorp which is valued at $8,703,510.U.S. Bancorp makes up approximately 0.77% of Badgley Phelps Bell Inc’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in USB by selling 16,617 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 898,326 shares of USB which is valued at $37,846,474. U.S. Bancorp makes up approx 0.14% of Aberdeen Asset Management Plcuk’s portfolio.Calamos Advisors boosted its stake in USB in the latest quarter, The investment management firm added 68 additional shares and now holds a total of 195,121 shares of U.S. Bancorp which is valued at $8,197,033. U.S. Bancorp makes up approx 0.07% of Calamos Advisors’s portfolio.Ruane Cunniff Goldfarb Inc reduced its stake in USB by selling 1,975 shares or 9.38% in the most recent quarter. The Hedge Fund company now holds 19,089 shares of USB which is valued at $799,447. U.S. Bancorp makes up approx 0.01% of Ruane Cunniff Goldfarb Inc’s portfolio.Fisher Asset Management reduced its stake in USB by selling 13,811 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 573,053 shares of USB which is valued at $23,283,143. U.S. Bancorp makes up approx 0.04% of Fisher Asset Management’s portfolio.Next Financial Group Inc boosted its stake in USB in the latest quarter, The investment management firm added 3,362 additional shares and now holds a total of 7,238 shares of U.S. Bancorp which is valued at $290,171. U.S. Bancorp makes up approx 0.09% of Next Financial Group Inc’s portfolio.

U.S. Bancorp closed down -0.1 points or -0.24% at $42.03 with 41,67,689 shares getting traded on Thursday. Post opening the session at $42.03, the shares hit an intraday low of $41.96 and an intraday high of $42.26 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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