Gideon Capital Advisors adds U.S. Bancorp (USB) to its portfolio

U.S. Bancorp (USB) : Gideon Capital Advisors added new position in U.S. Bancorp during the most recent quarter end. The investment management firm now holds 81,333 shares of U.S. Bancorp which is valued at $3,475,359 , the company said in a statement filed on Aug 11, 2016 with the SEC.U.S. Bancorp makes up approximately 1.93% of Gideon Capital Advisors’s portfolio.

Other Hedge Funds, Including , King Luther Capital Management Corp reduced its stake in USB by selling 79,118 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 2,811,064 shares of USB which is valued at $120,116,765. U.S. Bancorp makes up approx 1.13% of King Luther Capital Management Corp’s portfolio.Chicago Partners Investment Group boosted its stake in USB in the latest quarter, The investment management firm added 306 additional shares and now holds a total of 2,606 shares of U.S. Bancorp which is valued at $111,589. U.S. Bancorp makes up approx 0.05% of Chicago Partners Investment Group’s portfolio. Chesley Taft Associates sold out all of its stake in USB during the most recent quarter. The investment firm sold 26,994 shares of USB which is valued $1,138,877.Nordea Investment Management Ab boosted its stake in USB in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 77,909 shares of U.S. Bancorp which is valued at $3,269,841. U.S. Bancorp makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.

U.S. Bancorp opened for trading at $43.45 and hit $43.66 on the upside on Tuesday, eventually ending the session at $43.44, with a gain of 0.16% or 0.07 points. The heightened volatility saw the trading volume jump to 41,60,074 shares. Company has a market cap of $74,349 M.

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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