Genesee Valley Trust Co buys $1,042,520 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Genesee Valley Trust Co scooped up 12,165 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 26, 2016. The investment management firm now holds a total of 24,816 shares of U.S. Bancorp which is valued at $1,042,520.U.S. Bancorp makes up approximately 0.68% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in USB in the latest quarter, The investment management firm added 5,326,919 additional shares and now holds a total of 10,310,646 shares of U.S. Bancorp which is valued at $433,150,238. U.S. Bancorp makes up approx 0.48% of American Century Companies Inc’s portfolio.Coastline Trust Co boosted its stake in USB in the latest quarter, The investment management firm added 7,495 additional shares and now holds a total of 76,475 shares of U.S. Bancorp which is valued at $3,209,656. U.S. Bancorp makes up approx 0.63% of Coastline Trust Co’s portfolio.Fenimore Asset Management Inc boosted its stake in USB in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 7,781 shares of U.S. Bancorp which is valued at $316,142. U.S. Bancorp makes up approx 0.02% of Fenimore Asset Management Inc’s portfolio.Washington Trust Bank boosted its stake in USB in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 219,594 shares of U.S. Bancorp which is valued at $8,803,523. U.S. Bancorp makes up approx 2.26% of Washington Trust Bank’s portfolio.Marshwinds Advisory Co reduced its stake in USB by selling 2,200 shares or 24.72% in the most recent quarter. The Hedge Fund company now holds 6,700 shares of USB which is valued at $268,603. U.S. Bancorp makes up approx 0.13% of Marshwinds Advisory Co’s portfolio.

U.S. Bancorp opened for trading at $41.92 and hit $42.34 on the upside on Friday, eventually ending the session at $42.17, with a gain of 0.21% or 0.09 points. The heightened volatility saw the trading volume jump to 58,02,687 shares. Company has a market cap of $72,802 M.

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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