Country Trust Bank Raised U.S. Bancorp New Common (USB) Holding by $3.76 Million; Market Valuation Declined

January 14, 2018 - By Ellis Scott

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.01, from 0.9 in 2017Q2. It worsened, 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. American & Mngmt Commerce holds 6,064 shares. Baker Boyer Savings Bank holds 2.39% or 13,527 shares. Dekabank Deutsche Girozentrale has invested 0.12% of its portfolio in U.S. Bancorp (NYSE:USB). 5,168 were reported by Milestone Group Incorporated. Cortland Advisers Lc has 2.76% invested in U.S. Bancorp (NYSE:USB) for 1.12 million shares. Moreover, Bp Public Ltd has 0.37% invested in U.S. Bancorp (NYSE:USB) for 193,000 shares. Hengehold Capital Mngmt Limited Liability holds 0.94% or 66,335 shares in its portfolio. Shine Invest Advisory reported 113 shares or 0% of all its holdings. Iowa Bancorp reported 0.37% in U.S. Bancorp (NYSE:USB). 60,810 were accumulated by Carret Asset Management Ltd Liability Corporation. Hall Laurie J Trustee reported 0.62% stake. First Bancorp Sioux Falls stated it has 11.32% of its portfolio in U.S. Bancorp (NYSE:USB). Lynch And Associate In holds 79,972 shares. Gamco Invsts Et Al stated it has 0.01% in U.S. Bancorp (NYSE:USB). Thrivent Fin For Lutherans reported 0.01% of its portfolio in U.S. Bancorp (NYSE:USB).

Since August 9, 2017, it had 0 insider purchases, and 1 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 $36.54 million, 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 $94.56B 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 Pepsico Inc. Common (NYSE:PEP) by 64,656 shares to 202,706 shares, valued at $22.59M in 2017Q3, according to the filing. It also reduced its holding in Medtronic Plc Common (NYSE:MDT) by 282,563 shares in the quarter, leaving it with 1,885 shares, and cut its stake in Ishares S&P Us Preferred Stock (PFF).

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Bizjournals.com which released: “Good times roll at US Bancorp with tax-reform bonuses, higher pay” on January 05, 2018, also Businesswire.com with their article: “US Bancorp Announces Quarterly Dividends” published on December 19, 2017, Bizjournals.com published: “Cincinnati US Bank employees to get bonuses” on January 03, 2018. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Startribune.com and their article: “US Bank, TCF join banks that promises bonuses, higher pay after getting taxes cut” published on January 02, 2018 as well as Benzinga.com‘s news article titled: “Piper Jaffray Names US Bancorp Its ‘Sleeper’ Tax Cut Play” with publication date: January 05, 2018.

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 “Overweight” rating by Piper Jaffray on Tuesday, November 24. As per Tuesday, April 26, the company rating was downgraded by Deutsche Bank. As per Tuesday, March 8, the company rating was downgraded by Stephens. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, October 7 report. The firm has “Neutral” rating by Sterne Agee CRT given on Thursday, August 20. The rating was downgraded by Piper Jaffray to “Neutral” on Wednesday, November 16. The rating was upgraded by Deutsche Bank on Tuesday, September 8 to “Buy”. The stock of U.S. Bancorp (NYSE:USB) has “Hold” rating given on Wednesday, September 13 by Keefe Bruyette & Woods. As per Monday, November 14, the company rating was downgraded by Morgan Stanley. As per Friday, September 15, the company rating was maintained by Jefferies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.