Country Trust Bank Holds Stake in U.S. Bancorp New Common (USB)

January 14, 2018 - By Marie Mckinney

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.01, from 0.9 in 2017Q2. It dived, as 61 investors sold USB shares while 441 reduced holdings. 81 funds opened positions while 368 raised stakes. 1.20 billion shares or 1.15% less from 1.21 billion shares in 2017Q2 were reported. Proshare Advsrs Lc invested in 368,026 shares. Fort Point Limited Com owns 12,730 shares for 0.33% of their portfolio. Pacific Global Investment Com reported 14,813 shares or 0.18% of all its holdings. Mcdonald Cap Inc Ca owns 0.04% invested in U.S. Bancorp (NYSE:USB) for 9,649 shares. Timber Creek Cap Mngmt Limited Liability Co holds 2.33% of its portfolio in U.S. Bancorp (NYSE:USB) for 64,502 shares. Tiaa Cref Inv Mngmt Lc owns 5.31M shares or 0.19% of their US portfolio. Front Barnett Assocs Llc holds 4,106 shares or 0.04% of its portfolio. Federated Pa has invested 0.01% in U.S. Bancorp (NYSE:USB). Deutsche Natl Bank Ag, a Germany-based fund reported 5.69 million shares. Mirae Asset Glob Invs Ltd has 28,838 shares for 0.03% of their portfolio. Pennsylvania-based Vantage Advsr Lc has invested 0.01% in U.S. Bancorp (NYSE:USB). Klingenstein Fields And Co Limited Com invested 0.01% in U.S. Bancorp (NYSE:USB). Livforsakringsbolaget Skandia Omsesidigt invested in 0.33% or 67,708 shares. Security Bank & Trust Of Sioux City Iowa Ia owns 0.52% invested in U.S. Bancorp (NYSE:USB) for 10,000 shares. Ifc Holding Fl reported 7,904 shares.

Since August 9, 2017, it had 0 insider buys, and 1 insider sale for $15,927 activity.

Country Trust Bank increased its stake in U.S. Bancorp New Common (USB) by 11.61% based on its latest 2017Q3 regulatory filing with the SEC. Country Trust Bank bought 70,919 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 681,840 shares of the major banks company at the end of 2017Q3, valued at $36.54M, up from 610,921 at the end of the previous reported quarter. Country Trust Bank who had been investing in U.S. Bancorp New Common for a number of months, seems to be bullish on the $94.56 billion market cap company. The stock increased 0.53% or $0.3 during the last trading session, reaching $56.98. About 5.34 million shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since January 14, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.

Country Trust Bank, which manages about $2.21B US Long portfolio, decreased its stake in Boeing Common (NYSE:BA) by 43,409 shares to 69,685 shares, valued at $17.72 million in 2017Q3, according to the filing. It also reduced its holding in Powershares Senior Loan (BKLN) by 286,986 shares in the quarter, leaving it with 630 shares, and cut its stake in Medtronic Plc Common (NYSE:MDT).

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Benzinga.com which released: “Piper Jaffray Names US Bancorp Its ‘Sleeper’ Tax Cut Play” on January 05, 2018, also Bizjournals.com with their article: “Cincinnati US Bank employees to get bonuses” published on January 03, 2018, Startribune.com published: “US Bank, TCF join banks that promises bonuses, higher pay after getting taxes cut” on January 02, 2018. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Bizjournals.com and their article: “Good times roll at US Bancorp with tax-reform bonuses, higher pay” published on January 05, 2018 as well as Nasdaq.com‘s news article titled: “US Bancorp (USB) Ex-Dividend Date Scheduled for December 28, 2017” with publication date: December 27, 2017.

U.S. Bancorp (NYSE:USB) Ratings Coverage

Among 30 analysts covering U.S. Bancorp (NYSE:USB), 8 have Buy rating, 2 Sell and 20 Hold. Therefore 27% are positive. U.S. Bancorp had 79 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Sterne Agee CRT on Thursday, August 20. Deutsche Bank downgraded U.S. Bancorp (NYSE:USB) on Tuesday, April 26 to “Hold” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Wednesday, September 13 report. Robert W. Baird maintained the shares of USB in report on Friday, October 6 with “Hold” rating. The stock has “Buy” rating by UBS on Wednesday, January 11. The firm has “Buy” rating given on Thursday, June 8 by Jefferies. The rating was downgraded by Stephens on Tuesday, March 8 to “Equal-Weight”. The stock has “Neutral” rating by Susquehanna on Thursday, December 1. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, October 13. As per Friday, August 28, the company rating was upgraded by Guggenheim.

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