Us Bancorp Del (USB) Stock Value Declined While Chevy Chase Trust Holdings INC Has Cut Its Position by $5.33 Million

December 7, 2017 - By Darrin Black

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.01, from 0.91 in 2017Q1. It dropped, as 48 investors sold USB shares while 458 reduced holdings. 93 funds opened positions while 362 raised stakes. 1.21 billion shares or 2.75% less from 1.24 billion shares in 2017Q1 were reported. Macquarie Gru Limited reported 567,803 shares. Sandy Spring Bank & Trust holds 6,684 shares or 0.03% of its portfolio. The Pennsylvania-based Logan Inc has invested 0.04% in U.S. Bancorp (NYSE:USB). Natixis holds 1.25 million shares or 0.74% of its portfolio. Horrell Capital Inc reported 41,280 shares. Manchester Cap Mngmt Limited Liability Company holds 0.05% or 5,738 shares in its portfolio. Cadinha And Ltd Liability Corporation owns 0.21% invested in U.S. Bancorp (NYSE:USB) for 23,410 shares. Breton Hill Ltd invested 0.17% of its portfolio in U.S. Bancorp (NYSE:USB). Carret Asset Mgmt Ltd Liability Co stated it has 60,939 shares or 0.53% of all its holdings. Notis stated it has 6,435 shares. Da Davidson And Communications reported 164,488 shares. Moreover, Autus Asset Mgmt Ltd Company has 0.12% invested in U.S. Bancorp (NYSE:USB) for 11,855 shares. Moody Fincl Bank Tru Division holds 0.08% of its portfolio in U.S. Bancorp (NYSE:USB) for 32,881 shares. Private Advisor Group Ltd Liability holds 0.08% or 58,303 shares. Outfitter Advsr Ltd holds 0.13% or 6,669 shares.

Chevy Chase Trust Holdings Inc decreased its stake in Us Bancorp Del (USB) by 6.36% based on its latest 2017Q2 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc sold 104,560 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 1.54 million shares of the major banks company at the end of 2017Q2, valued at $79.89 million, down from 1.64M at the end of the previous reported quarter. Chevy Chase Trust Holdings Inc who had been investing in Us Bancorp Del for a number of months, seems to be less bullish one the $91.11 billion market cap company. The stock increased 0.57% or $0.31 during the last trading session, reaching $54.9. About 4.40M shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since December 7, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Chevy Chase Trust Holdings Inc, which manages about $20.89B US Long portfolio, upped its stake in Flir Sys Inc (NASDAQ:FLIR) by 100,971 shares to 2.03M shares, valued at $70.28 million in 2017Q2, according to the filing. It also increased its holding in Unilever N V (NYSE:UN) by 83,894 shares in the quarter, for a total of 387,972 shares, and has risen its stake in Citigroup Inc (NYSE:C).

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on January, 17. They expect $0.88 EPS, up 7.32 % or $0.06 from last year’s $0.82 per share. USB’s profit will be $1.46B for 15.60 P/E if the $0.88 EPS becomes a reality. After $0.88 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Startribune.com which released: “US Bancorp further greens the business” on November 08, 2017, also Businesswire.com with their article: “US Bancorp Announces Fourth Quarter Earnings Conference Call Details” published on December 07, 2017, Nasdaq.com published: “Why Is US Bancorp (USB) Down 2.6% Since the Last Earnings Report?” on November 20, 2017. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Businesswire.com and their article: “US Bancorp to Speak at the Goldman Sachs US Financial Services Conference” published on November 07, 2017 as well as Forbes.com‘s news article titled: “Wells Fargo, US Bancorp See Rare Growth In Mortgage Servicing Portfolios” with publication date: November 28, 2017.

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

Among 29 analysts covering U.S. Bancorp (NYSE:USB), 7 have Buy rating, 2 Sell and 20 Hold. Therefore 24% are positive. U.S. Bancorp had 72 analyst reports since August 6, 2015 according to SRatingsIntel. As per Tuesday, March 22, the company rating was initiated by Societe Generale. As per Tuesday, August 25, the company rating was upgraded by Portales Partners. The rating was maintained by JP Morgan with “Neutral” on Wednesday, November 1. On Wednesday, November 16 the stock rating was downgraded by PiperJaffray to “Neutral”. The firm has “Buy” rating given on Thursday, July 20 by Argus Research. The rating was initiated by Piper Jaffray with “Overweight” on Tuesday, November 24. Robert W. Baird upgraded it to “Outperform” rating and $45 target in Thursday, January 14 report. The company was maintained on Wednesday, July 19 by Oppenheimer. The rating was downgraded by Rafferty on Thursday, April 20 to “Hold”. Wedbush maintained it with “Neutral” rating and $52 target in Thursday, January 19 report.

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