Reik Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Reik reduced its stake in U.S. Bancorp by 0.07% during the most recent quarter end. The investment management company now holds a total of 769,339 shares of U.S. Bancorp which is valued at $32,873,855 after selling 560 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 10.88% of Reik’s portfolio.

Other Hedge Funds, Including , Crestwood Advisors reduced its stake in USB by selling 672 shares or 10.16% in the most recent quarter. The Hedge Fund company now holds 5,945 shares of USB which is valued at $254,030. U.S. Bancorp makes up approx 0.03% of Crestwood Advisors’s portfolio.Cleararc Capital Inc reduced its stake in USB by selling 426 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 39,416 shares of USB which is valued at $1,684,246. U.S. Bancorp makes up approx 0.32% of Cleararc Capital Inc’s portfolio.Dimensional Fund Advisors Lp boosted its stake in USB in the latest quarter, The investment management firm added 81,149 additional shares and now holds a total of 4,411,967 shares of U.S. Bancorp which is valued at $189,449,863. U.S. Bancorp makes up approx 0.10% of Dimensional Fund Advisors Lp’s portfolio.Uss Investment Management Ltd boosted its stake in USB in the latest quarter, The investment management firm added 32,600 additional shares and now holds a total of 392,300 shares of U.S. Bancorp which is valued at $16,527,599. U.S. Bancorp makes up approx 0.27% of Uss Investment Management Ltd’s portfolio.Macguire Cheswick Tuttle Investment Counsel boosted its stake in USB in the latest quarter, The investment management firm added 1,150 additional shares and now holds a total of 67,727 shares of U.S. Bancorp which is valued at $2,857,402. U.S. Bancorp makes up approx 0.61% of Macguire Cheswick Tuttle Investment Counsel’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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