U.S. Bancorp (USB) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 7,345 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 418,723 shares of U.S. Bancorp which is valued at $17,942,281.U.S. Bancorp makes up approximately 0.40% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
Other Hedge Funds, Including , Btr Capital Management Inc boosted its stake in USB in the latest quarter, The investment management firm added 6,530 additional shares and now holds a total of 12,456 shares of U.S. Bancorp which is valued at $533,740. U.S. Bancorp makes up approx 0.12% of Btr Capital Management Inc’s portfolio.First Premier Bank reduced its stake in USB by selling 12,522 shares or 12.81% in the most recent quarter. The Hedge Fund company now holds 85,228 shares of USB which is valued at $3,654,577. U.S. Bancorp makes up approx 2.80% of First Premier Bank’s portfolio.Naples Global Advisors boosted its stake in USB in the latest quarter, The investment management firm added 1,467 additional shares and now holds a total of 30,615 shares of U.S. Bancorp which is valued at $1,340,937. U.S. Bancorp makes up approx 0.53% of Naples Global Advisors’s portfolio.Raymond James Trust N.a. boosted its stake in USB in the latest quarter, The investment management firm added 1,352 additional shares and now holds a total of 54,780 shares of U.S. Bancorp which is valued at $2,399,364. U.S. Bancorp makes up approx 0.21% of Raymond James Trust N.a.’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in USB by selling 9,272 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 410,795 shares of USB which is valued at $17,951,742. U.S. Bancorp makes up approx 0.38% of Exxonmobil Investment Management Inc Tx’s portfolio.
U.S. Bancorp closed down -0.03 points or -0.07% at $42.85 with 57,85,382 shares getting traded on Friday. Post opening the session at $43.32, the shares hit an intraday low of $42.7201 and an intraday high of $43.44 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Many Wall Street Analysts have commented on U.S. Bancorp. Wedbush Initiated U.S. Bancorp on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $46.
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.