Reliant Investment Management buys $3,261,494 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Reliant Investment Management scooped up 2,215 additional shares in U.S. Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 77,415 shares of U.S. Bancorp which is valued at $3,261,494.U.S. Bancorp makes up approximately 2.84% of Reliant Investment Management’s portfolio.

Other Hedge Funds, Including , Beese Fulmer Investment Management reduced its stake in USB by selling 55 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 7,735 shares of USB which is valued at $325,876. U.S. Bancorp makes up approx 0.09% of Beese Fulmer Investment Management’s portfolio.Tarbox Group reduced its stake in USB by selling 168 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 54,391 shares of USB which is valued at $2,293,668. U.S. Bancorp makes up approx 1.58% of Tarbox Group’s portfolio.Artemis Investment Management Llp reduced its stake in USB by selling 30,000 shares or 82.61% in the most recent quarter. The Hedge Fund company now holds 6,316 shares of USB which is valued at $265,335. U.S. Bancorp makes up approx 0.01% of Artemis Investment Management Llp’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in USB in the latest quarter, The investment management firm added 13,100 additional shares and now holds a total of 199,608 shares of U.S. Bancorp which is valued at $8,359,583. U.S. Bancorp makes up approx 0.36% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.

U.S. Bancorp closed down -0.1 points or -0.24% at $42.03 with 41,67,689 shares getting traded on Thursday. Post opening the session at $42.03, the shares hit an intraday low of $41.96 and an intraday high of $42.26 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *