Pinebridge Investments LP Decreased Its Position in Us Bancorp Del Com New (USB) as Market Value Declined

April 20, 2018 - By Michael Collier

U.S. Bancorp (NYSE:USB) LogoInvestors sentiment increased to 0.96 in 2017 Q4. Its up 0.07, from 0.89 in 2017Q3. It is positive, as 38 investors sold USB shares while 462 reduced holdings. 118 funds opened positions while 361 raised stakes. 1.18 billion shares or 1.20% less from 1.20 billion shares in 2017Q3 were reported. Fruth Mgmt owns 5,600 shares. 11,090 are held by Oarsman Inc. Carnegie Asset Management Ltd Liability Com invested in 1.56% or 323,168 shares. Hutchin Hill LP reported 10,800 shares. Savant Cap Ltd Limited Liability Company owns 12,559 shares. Barnett And Inc has 3,340 shares for 0.09% of their portfolio. Efg Asset Mgmt (Americas) owns 38,282 shares or 0.74% of their US portfolio. Marshwinds Advisory Com owns 6,400 shares. Schmidt P J Inv Management reported 17,497 shares. Family Management, a New York-based fund reported 88,640 shares. Woodley Farra Manion Portfolio Management invested 3.37% in U.S. Bancorp (NYSE:USB). Nomura Asset Ltd holds 255,662 shares or 0.16% of its portfolio. Buckingham Capital Mngmt has invested 0.66% in U.S. Bancorp (NYSE:USB). 1St Source Comml Bank stated it has 0.25% of its portfolio in U.S. Bancorp (NYSE:USB). Louisiana State Employees Retirement Sys invested in 95,400 shares.

Since February 20, 2018, it had 0 insider buys, and 5 insider sales for $9.81 million activity. von Gillern Jeffry H. had sold 13,641 shares worth $750,528. The insider Elmore John R. sold $1.10 million. Another trade for 98,485 shares valued at $5.51M was sold by Parker P.W.. On Friday, February 23 the insider GODRIDGE LESLIE V sold $1.35 million.

Pinebridge Investments Lp decreased its stake in Us Bancorp Del Com New (USB) by 31.04% based on its latest 2017Q4 regulatory filing with the SEC. Pinebridge Investments Lp sold 299,805 shares as the company’s stock declined 8.45% with the market. The hedge fund held 666,005 shares of the major banks company at the end of 2017Q4, valued at $35.69 million, down from 965,810 at the end of the previous reported quarter. Pinebridge Investments Lp who had been investing in Us Bancorp Del Com New for a number of months, seems to be less bullish one the $83.50 billion market cap company. The stock decreased 0.24% or $0.12 during the last trading session, reaching $50.58. About 2.20M shares traded. U.S. Bancorp (NYSE:USB) has declined 4.48% since April 20, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Pinebridge Investments Lp, which manages about $38.23 billion and $3.89 billion US Long portfolio, upped its stake in Exxon Mobil Corp Com (NYSE:XOM) by 131,833 shares to 383,243 shares, valued at $32.05 million in 2017Q4, according to the filing. It also increased its holding in Lilly Eli & Co Com (NYSE:LLY) by 74,985 shares in the quarter, for a total of 206,529 shares, and has risen its stake in Intel Corp Com (NASDAQ:INTC).

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

Among 14 analysts covering US Bancorp (NYSE:USB), 5 have Buy rating, 3 Sell and 6 Hold. Therefore 36% are positive. US Bancorp had 19 analyst reports since October 23, 2017 according to SRatingsIntel. The stock of U.S. Bancorp (NYSE:USB) earned “Hold” rating by Sandler O’Neill on Tuesday, March 27. The stock has “Underweight” rating by Morgan Stanley on Friday, February 2. The stock of U.S. Bancorp (NYSE:USB) has “Overweight” rating given on Friday, January 5 by PiperJaffray. J.P. Morgan downgraded it to “Sell” rating and $58.5 target in Wednesday, January 31 report. On Friday, April 6 the stock rating was upgraded by Vining Sparks to “Buy”. Sandler O’Neill maintained U.S. Bancorp (NYSE:USB) on Wednesday, January 17 with “Hold” rating. The firm earned “Hold” rating on Tuesday, April 3 by Edward Jones. The stock has “Buy” rating by Robert W. Baird on Monday, March 26. The firm has “Hold” rating given on Wednesday, April 4 by Keefe Bruyette & Woods. Deutsche Bank upgraded U.S. Bancorp (NYSE:USB) on Thursday, January 25 to “Buy” rating.

U.S. Bancorp (NYSE:USB) Institutional Positions Chart

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