Tdam Usa INC Boosted Its Us Bancorp Del (USB) Stake by $3.66 Million as Valuation Declined

January 17, 2018 - By Henry Gaston

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.01, from 0.9 in 2017Q2. It turned negative, 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. Adage Capital Prtnrs Grp Limited Co stated it has 0.18% of its portfolio in U.S. Bancorp (NYSE:USB). First has 5,812 shares. Susquehanna Group Llp accumulated 83,000 shares. Cedar Hill Ltd Liability Co holds 0.04% of its portfolio in U.S. Bancorp (NYSE:USB) for 3,813 shares. Town And Country Natl Bank And Tru Communications Dba First Bankers Tru Communications owns 61,164 shares for 1.7% of their portfolio. Marietta Investment Prtnrs Ltd Company holds 0.17% of its portfolio in U.S. Bancorp (NYSE:USB) for 10,868 shares. Ifc Fl has 0.03% invested in U.S. Bancorp (NYSE:USB) for 7,904 shares. Sfe Invest Counsel stated it has 1.35% of its portfolio in U.S. Bancorp (NYSE:USB). Sun Life Financial has 11,652 shares. Davidson Inv Advsr stated it has 9,978 shares or 0.06% of all its holdings. Johnson Fin Group has 54,616 shares for 0.38% of their portfolio. The Illinois-based Lodestar Inv Counsel Llc Il has invested 0.2% in U.S. Bancorp (NYSE:USB). Lee Danner And Bass Incorporated owns 12,225 shares for 0.07% of their portfolio. Richard Bernstein Limited Liability Co holds 0.46% of its portfolio in U.S. Bancorp (NYSE:USB) for 123,249 shares. Moreover, Chevy Chase Tru has 0.37% invested in U.S. Bancorp (NYSE:USB) for 1.54M shares.

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

Tdam Usa Inc increased its stake in Us Bancorp Del (USB) by 37.65% based on its latest 2017Q3 regulatory filing with the SEC. Tdam Usa Inc bought 69,029 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 252,391 shares of the major banks company at the end of 2017Q3, valued at $13.53 million, up from 183,362 at the end of the previous reported quarter. Tdam Usa Inc who had been investing in Us Bancorp Del for a number of months, seems to be bullish on the $94.87 billion market cap company. The stock increased 0.33% or $0.19 during the last trading session, reaching $57.17. About 8.84M shares traded or 57.15% up from the average. U.S. Bancorp (NYSE:USB) has risen 23.07% since January 17, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.

Tdam Usa Inc, which manages about $16.26B and $1.70 billion US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 34,755 shares to 387,836 shares, valued at $59.77 million in 2017Q3, according to the filing. It also reduced its holding in General Electric Co (NYSE:GE) by 447,847 shares in the quarter, leaving it with 579,180 shares, and cut its stake in Altria Group Inc (NYSE:MO).

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 Reuters.com with their article: “US Bancorp’s fourth-quarter profit rises 16 pct” published on January 17, 2018, Bizjournals.com published: “Good times roll at US Bancorp with tax-reform bonuses, higher pay” on January 05, 2018. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Businesswire.com and their article: “US Bancorp Names Andy Cecere Chairman of the Board of Directors, Effective …” published on January 16, 2018 as well as Nasdaq.com‘s news article titled: “US Bancorp Reveals 14% Gain In Q4 Bottom Line” with publication date: January 17, 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 company was downgraded on Tuesday, March 8 by Stephens. The firm has “Neutral” rating by JP Morgan given on Thursday, April 7. Robert W. Baird maintained it with “Hold” rating and $56.0 target in Tuesday, January 2 report. The stock has “Hold” rating by UBS on Tuesday, December 12. The firm has “Buy” rating by UBS given on Wednesday, January 11. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Overweight”. The company was downgraded on Wednesday, November 16 by PiperJaffray. On Monday, January 8 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by RBC Capital Markets on Wednesday, April 5 with “Buy”. Atlantic Securities upgraded the stock to “Overweight” rating in Monday, March 14 report.

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