Roosevelt Investment Group Inc buys $29,361,384 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Roosevelt Investment Group Inc scooped up 97,500 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 602,532 shares of U.S. Bancorp which is valued at $29,361,384.U.S. Bancorp makes up approximately 2.36% of Roosevelt Investment Group Inc’s portfolio.

Other Hedge Funds, Including , Moors Cabot boosted its stake in USB in the latest quarter, The investment management firm added 1,031 additional shares and now holds a total of 22,020 shares of U.S. Bancorp which is valued at $1,054,758. U.S. Bancorp makes up approx 0.18% of Moors Cabot’s portfolio.New York State Teachers Retirement System reduced its stake in USB by selling 277,498 shares or 8.55% in the most recent quarter. The Hedge Fund company now holds 2,969,692 shares of USB which is valued at $141,387,036. U.S. Bancorp makes up approx 0.37% of New York State Teachers Retirement System’s portfolio. Sabal Trust Co sold out all of its stake in USB during the most recent quarter. The investment firm sold 6,242 shares of USB which is valued $279,392.Brighton Jones reduced its stake in USB by selling 118 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 27,171 shares of USB which is valued at $1,212,913. U.S. Bancorp makes up approx 0.20% of Brighton Jones’s portfolio.Hartford Financial Management reduced its stake in USB by selling 1,000 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of USB which is valued at $175,360. U.S. Bancorp makes up approx 0.11% of Hartford Financial Management’s portfolio.

U.S. Bancorp opened for trading at $48.74 and hit $49.4 on the upside on Monday, eventually ending the session at $49.23, with a gain of 1.13% or 0.55 points. The heightened volatility saw the trading volume jump to 90,90,546 shares. Company has a market cap of $83,675 M.

On the company’s financial health, U.S. Bancorp reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.83. The company had revenue of $5388.00 million for the quarter, compared to analysts expectations of $5374.60 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on U.S. Bancorp. U.S. Bancorp was Downgraded by Piper Jaffray to ” Neutral” on Nov 16, 2016. U.S. Bancorp was Downgraded by Morgan Stanley to ” Underweight” on Nov 14, 2016. Company shares were Reiterated by RBC Capital Mkts on Oct 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $47 .

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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