Northeast Investment Management Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Northeast Investment Management reduced its stake in U.S. Bancorp by 3.15% during the most recent quarter end. The investment management company now holds a total of 268,652 shares of U.S. Bancorp which is valued at $11,318,309 after selling 8,738 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.U.S. Bancorp makes up approximately 1.12% of Northeast Investment Management’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in USB by selling 80,000 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 965,671 shares of USB which is valued at $40,683,719. U.S. Bancorp makes up approx 0.18% of State Of New Jersey Common Pension Fund D’s portfolio. Patriot Wealth Management sold out all of its stake in USB during the most recent quarter. The investment firm sold 118,298 shares of USB which is valued $4,969,699.Candriam Luxembourg S.c.a. boosted its stake in USB in the latest quarter, The investment management firm added 19,519 additional shares and now holds a total of 98,138 shares of U.S. Bancorp which is valued at $4,122,777. U.S. Bancorp makes up approx 0.10% of Candriam Luxembourg S.c.a.’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in USB in the latest quarter, The investment management firm added 4,211 additional shares and now holds a total of 160,018 shares of U.S. Bancorp which is valued at $6,703,154. U.S. Bancorp makes up approx 1.20% of Cape Cod Five Cents Savings Bank’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.

Leave a Reply

U.S. Bancorp - Is it time to Sell?

Top Brokerage Firms are advising their investors on U.S. Bancorp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.