Trust Co Of Virginia Va buys $7,568,428 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Trust Co Of Virginia Va scooped up 1,712 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 180,717 shares of U.S. Bancorp which is valued at $7,568,428.U.S. Bancorp makes up approximately 1.28% of Trust Co Of Virginia Va’s portfolio.

Other Hedge Funds, Including , Nn Investment Partners Holdings N.v. boosted its stake in USB in the latest quarter, The investment management firm added 163,847 additional shares and now holds a total of 1,440,460 shares of U.S. Bancorp which is valued at $58,525,890. U.S. Bancorp makes up approx 0.54% of Nn Investment Partners Holdings N.v.’s portfolio.Investment Partners Ltd Oh Adv reduced its stake in USB by selling 988 shares or 13.75% in the most recent quarter. The Hedge Fund company now holds 6,196 shares of USB which is valued at $251,743. U.S. Bancorp makes up approx 0.25% of Investment Partners Ltd Oh Adv’s portfolio.Campbell Newman Asset Management Inc reduced its stake in USB by selling 1,790 shares or 4.37% in the most recent quarter. The Hedge Fund company now holds 39,125 shares of USB which is valued at $1,589,649. U.S. Bancorp makes up approx 0.28% of Campbell Newman Asset Management Inc’s portfolio.Howland Capital Management boosted its stake in USB in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 5,367 shares of U.S. Bancorp which is valued at $215,163. U.S. Bancorp makes up approx 0.02% of Howland Capital Management’s portfolio.

U.S. Bancorp closed down -0.01 points or -0.02% at $41.88 with 86,16,154 shares getting traded on Monday. Post opening the session at $41.73, the shares hit an intraday low of $41.73 and an intraday high of $42.09 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.

Many Wall Street Analysts have commented on U.S. Bancorp. Shares were Reiterated by Compass Point on Apr 21, 2016 to “Neutral” and Lowered the Price Target to $ 46 from a previous price target of $48 .Shares were Downgraded by Robert W. Baird on Apr 21, 2016 to ” Neutral” and Lowered the Price Target to $ 42 from a previous price target of $45 .

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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