Hikari Power Ltd adds U.S. Bancorp (USB) to its portfolio

U.S. Bancorp (USB) : Hikari Power Ltd added new position in U.S. Bancorp during the most recent quarter end. The investment management firm now holds 112,900 shares of U.S. Bancorp which is valued at $4,756,477 , the company said in a statement filed on Aug 3, 2016 with the SEC.U.S. Bancorp makes up approximately 0.54% of Hikari Power Ltd’s portfolio.

Other Hedge Funds, Including , Mogy Joel R Investment Counsel Inc reduced its stake in USB by selling 1,500 shares or 14.91% in the most recent quarter. The Hedge Fund company now holds 8,559 shares of USB which is valued at $360,591. U.S. Bancorp makes up approx 0.07% of Mogy Joel R Investment Counsel Inc’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in USB by selling 4,013 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 65,898 shares of USB which is valued at $2,780,237. U.S. Bancorp makes up approx 0.02% of Tiaa Cref Trust Co Fsbmo’s portfolio.Alpha Windward reduced its stake in USB by selling 376 shares or 5.77% in the most recent quarter. The Hedge Fund company now holds 6,144 shares of USB which is valued at $246,313. U.S. Bancorp makes up approx 0.18% of Alpha Windward’s portfolio.

U.S. Bancorp closed down -0.03 points or -0.07% at $42.94 with 44,61,190 shares getting traded on Monday. Post opening the session at $42.99, the shares hit an intraday low of $42.86 and an intraday high of $43.15 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.

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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