J.safra Asset Management Corp Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : J.safra Asset Management Corp reduced its stake in U.S. Bancorp by 84.27% during the most recent quarter end. The investment management company now holds a total of 8,698 shares of U.S. Bancorp which is valued at $371,666 after selling 46,598 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.U.S. Bancorp makes up approximately 0.58% of J.safra Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Bokf Na reduced its stake in USB by selling 2,909 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 284,927 shares of USB which is valued at $12,174,931. U.S. Bancorp makes up approx 0.42% of Bokf Na’s portfolio.Macguire Cheswick Tuttle Investment Counsel boosted its stake in USB in the latest quarter, The investment management firm added 1,150 additional shares and now holds a total of 67,727 shares of U.S. Bancorp which is valued at $2,857,402. U.S. Bancorp makes up approx 0.61% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.Stewart Patten Co reduced its stake in USB by selling 250 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 23,900 shares of USB which is valued at $1,003,083. U.S. Bancorp makes up approx 0.19% of Stewart Patten Co’s portfolio.

U.S. Bancorp opened for trading at $43.51 and hit $44.11 on the upside on Monday, eventually ending the session at $43.84, with a gain of 1.01% or 0.44 points. The heightened volatility saw the trading volume jump to 72,41,274 shares. Company has a market cap of $75,034 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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