Vestor Capital buys $9,981,360 stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Vestor Capital scooped up 2,645 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 9, 2016. The investment management firm now holds a total of 232,449 shares of U.S. Bancorp which is valued at $9,981,360.U.S. Bancorp makes up approximately 2.73% of Vestor Capital’s portfolio.

Other Hedge Funds, Including , Kayne Anderson Rudnick Investment Management reduced its stake in USB by selling 5,839 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 441,670 shares of USB which is valued at $18,965,310. U.S. Bancorp makes up approx 0.28% of Kayne Anderson Rudnick Investment Management’s portfolio.Geneva Advisors boosted its stake in USB in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 21,408 shares of U.S. Bancorp which is valued at $916,691. U.S. Bancorp makes up approx 0.02% of Geneva Advisors’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in USB by selling 80,000 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 965,671 shares of USB which is valued at $40,683,719. U.S. Bancorp makes up approx 0.18% of State Of New Jersey Common Pension Fund D’s portfolio.Financial Architects Inc boosted its stake in USB in the latest quarter, The investment management firm added 10,817 additional shares and now holds a total of 16,504 shares of U.S. Bancorp which is valued at $693,333. U.S. Bancorp makes up approx 0.19% of Financial Architects Inc’s portfolio.

U.S. Bancorp opened for trading at $43.08 and hit $43.38 on the upside on Wednesday, eventually ending the session at $43.22, with a gain of 0.46% or 0.2 points. The heightened volatility saw the trading volume jump to 63,47,953 shares. Company has a market cap of $73,972 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.

Comments (0)

Leave a Reply

Your email address will not be published.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