U.S. Bancorp (USB) : Migdal Insurance Financial Holdings Ltd. reduced its stake in U.S. Bancorp by 55.78% during the most recent quarter end. The investment management company now holds a total of 456,115 shares of U.S. Bancorp which is valued at $19,216,125 after selling 575,360 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.U.S. Bancorp makes up approximately 0.51% of Migdal Insurance Financial Holdings Ltd.’s portfolio.
Other Hedge Funds, Including , Gratus Capital added USB to its portfolio by purchasing 60,290 company shares during the most recent quarter which is valued at $2,540,018. U.S. Bancorp makes up approx 0.37% of Gratus Capital’s portfolio.Davy Asset Management Ltd reduced its stake in USB by selling 10,450 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 243,125 shares of USB which is valued at $10,242,856. U.S. Bancorp makes up approx 2.06% of Davy Asset Management Ltd’s portfolio.Agf Investments reduced its stake in USB by selling 86,133 shares or 17.74% in the most recent quarter. The Hedge Fund company now holds 399,282 shares of USB which is valued at $16,821,751. U.S. Bancorp makes up approx 0.18% of Agf Investments’s portfolio.Grimes Company reduced its stake in USB by selling 650 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 28,984 shares of USB which is valued at $1,217,618. U.S. Bancorp makes up approx 0.16% of Grimes Company’s portfolio.
U.S. Bancorp closed down -0.03 points or -0.07% at $42.94 with 44,61,190 shares getting traded on Monday. Post opening the session at $42.99, the shares hit an intraday low of $42.86 and an intraday high of $43.15 and the price fluctuated in this range throughout the day.Shares ended Monday 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.