Zurcher Kantonalbank (zurich Cantonalbank) Lowers stake in U.S. Bancorp (USB)

U.S. Bancorp (USB) : Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in U.S. Bancorp by 37.47% during the most recent quarter end. The investment management company now holds a total of 792,059 shares of U.S. Bancorp which is valued at $33,369,446 after selling 474,660 shares in U.S. Bancorp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.U.S. Bancorp makes up approximately 0.43% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group boosted its stake in USB in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 3,734 shares of U.S. Bancorp which is valued at $157,313. U.S. Bancorp makes up approx 0.08% of Hudock Capital Group’s portfolio.Pointe Capital Management reduced its stake in USB by selling 612 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 11,146 shares of USB which is valued at $468,243. U.S. Bancorp makes up approx 0.34% of Pointe Capital Management’s portfolio.Salient Trust Co Lta reduced its stake in USB by selling 2,000 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 16,743 shares of USB which is valued at $702,704. U.S. Bancorp makes up approx 0.07% of Salient Trust Co Lta’s portfolio.Coastline Trust Co boosted its stake in USB in the latest quarter, The investment management firm added 7,495 additional shares and now holds a total of 76,475 shares of U.S. Bancorp which is valued at $3,209,656. U.S. Bancorp makes up approx 0.63% of Coastline Trust Co’s portfolio.Community Bank N.a. boosted its stake in USB in the latest quarter, The investment management firm added 1,938 additional shares and now holds a total of 46,728 shares of U.S. Bancorp which is valued at $1,956,969. U.S. Bancorp makes up approx 0.45% of Community Bank N.a.’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.

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