Park Avenue Institutional Advisers Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Park Avenue Institutional Advisers reduced its stake in U.S. Bancorp by 0.58% during the most recent quarter end. The investment management company now holds a total of 10,298 shares of U.S. Bancorp which is valued at $440,034 after selling 60 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.U.S. Bancorp makes up approximately 0.36% of Park Avenue Institutional Advisers’s portfolio.

Other Hedge Funds, Including , Capital Research Global Investors reduced its stake in USB by selling 1,900,400 shares or 8.9% in the most recent quarter. The Hedge Fund company now holds 19,440,600 shares of USB which is valued at $830,696,838. U.S. Bancorp makes up approx 0.27% of Capital Research Global Investors’s portfolio.Blackrock Group Ltd reduced its stake in USB by selling 82,796 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 15,905,538 shares of USB which is valued at $679,643,639. U.S. Bancorp makes up approx 0.34% of Blackrock Group Ltd’s portfolio.Buffington Mohr Mcneal reduced its stake in USB by selling 740 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 48,180 shares of USB which is valued at $2,070,295. U.S. Bancorp makes up approx 0.90% of Buffington Mohr Mcneal’s portfolio.Tarbox Group reduced its stake in USB by selling 168 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 54,391 shares of USB which is valued at $2,293,668. U.S. Bancorp makes up approx 1.58% of Tarbox Group’s portfolio.Salient Trust Co Lta reduced its stake in USB by selling 2,000 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 16,743 shares of USB which is valued at $702,704. U.S. Bancorp makes up approx 0.07% of Salient Trust Co Lta’s portfolio.

U.S. Bancorp closed down -0.12 points or -0.27% at $44.03 with 51,95,535 shares getting traded on Thursday. Post opening the session at $44.25, the shares hit an intraday low of $43.66 and an intraday high of $44.26 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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