U.S. Bancorp (USB) : Everence Capital Management Inc scooped up 2,270 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 37,003 shares of U.S. Bancorp which is valued at $1,558,936.U.S. Bancorp makes up approximately 0.46% of Everence Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in USB by selling 1,207 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 96,985 shares of USB which is valued at $4,085,978. U.S. Bancorp makes up approx 0.18% of Evercore Wealth Management’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in USB by selling 27,582 shares or 11.36% in the most recent quarter. The Hedge Fund company now holds 215,232 shares of USB which is valued at $9,076,333. U.S. Bancorp makes up approx 0.27% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in USB by selling 217,381 shares or 7.59% in the most recent quarter. The Hedge Fund company now holds 2,644,956 shares of USB which is valued at $111,537,795. U.S. Bancorp makes up approx 0.89% of Public Employees Retirement Association Of Colorado’s portfolio.Cue Financial Group reduced its stake in USB by selling 281 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 12,377 shares of USB which is valued at $502,878. U.S. Bancorp makes up approx 0.42% of Cue Financial Group’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.