Callahan Advisors Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Callahan Advisors reduced its stake in U.S. Bancorp by 12.5% during the most recent quarter end. The investment management company now holds a total of 14,000 shares of U.S. Bancorp which is valued at $599,900 after selling 2,000 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.U.S. Bancorp makes up approximately 0.15% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in USB by selling 1,808 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 222,406 shares of USB which is valued at $9,530,097. U.S. Bancorp makes up approx 1.32% of Stock Yards Bank Trust Co’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in USB by selling 120,449 shares or 41.75% in the most recent quarter. The Hedge Fund company now holds 168,050 shares of USB which is valued at $7,360,590. U.S. Bancorp makes up approx 0.16% of Oregon Public Employees Retirement Fund’s portfolio. Gradient Investments added USB to its portfolio by purchasing 270 company shares during the most recent quarter which is valued at $11,826. Headinvest added USB to its portfolio by purchasing 4,760 company shares during the most recent quarter which is valued at $208,488. U.S. Bancorp makes up approx 0.07% of Headinvest’s portfolio.Washington Trust Bank boosted its stake in USB in the latest quarter, The investment management firm added 1,022 additional shares and now holds a total of 220,616 shares of U.S. Bancorp which is valued at $9,629,888. U.S. Bancorp makes up approx 2.31% of Washington Trust Bank’s portfolio.

U.S. Bancorp closed down -0.03 points or -0.07% at $42.85 with 57,85,382 shares getting traded on Friday. Post opening the session at $43.32, the shares hit an intraday low of $42.7201 and an intraday high of $43.44 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Wedbush Initiated U.S. Bancorp on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $46.

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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