Us Bancorp Del (USB) Holder Chevy Chase Trust Holdings INC Has Lowered Its Position

December 7, 2017 - By Dolores Ford

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.01, from 0.91 in 2017Q1. It turned negative, 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. Delta Management Limited Liability Company accumulated 57,995 shares or 2.03% of the stock. Oakworth Capital accumulated 8,601 shares or 0.12% of the stock. 71,231 were accumulated by Arrow. Hamel Associates has invested 2.88% in U.S. Bancorp (NYSE:USB). Evermay Wealth Mgmt Ltd Llc invested 0.14% of its portfolio in U.S. Bancorp (NYSE:USB). Dekabank Deutsche Girozentrale holds 0.11% or 270,058 shares. 47,946 are held by Alphamark Advsr Limited Liability Corp. Bath Savings accumulated 5,240 shares. Yhb Investment Advsr invested in 0.98% or 110,420 shares. Mutual Of Omaha Savings Bank Wealth Management has invested 0.14% of its portfolio in U.S. Bancorp (NYSE:USB). Annex Advisory Serv Lc holds 4,602 shares or 0.05% of its portfolio. 14.99M were reported by Bank & Trust Of New York Mellon. Indiana Tru & Inv Mgmt has 15,881 shares. Lmr Prtnrs Llp has 77,774 shares for 0.25% of their portfolio. Twin Tree Mgmt Limited Partnership, Texas-based fund reported 34,326 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 1.64 million 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 Regeneron Pharmaceuticals (NASDAQ:REGN) by 23,553 shares to 95,719 shares, valued at $47.01M in 2017Q2, according to the filing. It also increased its holding in Ball Corp (NYSE:BLL) by 151,965 shares in the quarter, for a total of 304,124 shares, and has risen its stake in Lauder Estee Cos Inc (NYSE:EL).

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 $1.46 billion 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: Forbes.com which released: “Wells Fargo, US Bancorp See Rare Growth In Mortgage Servicing Portfolios” on November 28, 2017, also Businesswire.com with their article: “US Bancorp Announces Fourth Quarter Earnings Conference Call Details” published on December 07, 2017, Startribune.com published: “US Bancorp further greens the business” on November 08, 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 Nasdaq.com‘s news article titled: “Why Is US Bancorp (USB) Down 2.6% Since the Last Earnings Report?” with publication date: November 20, 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. Robert W. Baird upgraded U.S. Bancorp (NYSE:USB) rating on Thursday, January 14. Robert W. Baird has “Outperform” rating and $45 target. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, November 24. Citigroup maintained U.S. Bancorp (NYSE:USB) on Monday, October 9 with “Neutral” rating. RBC Capital Markets maintained the shares of USB in report on Wednesday, April 5 with “Buy” rating. The firm has “Hold” rating given on Tuesday, June 13 by Keefe Bruyette & Woods. RBC Capital Markets maintained U.S. Bancorp (NYSE:USB) rating on Thursday, September 7. RBC Capital Markets has “Buy” rating and $55.0 target. On Friday, October 6 the stock rating was maintained by Robert W. Baird with “Hold”. The stock has “Neutral” rating by JP Morgan on Thursday, April 7. Oppenheimer maintained the stock with “Hold” rating in Wednesday, July 19 report. The firm has “Neutral” rating given on Thursday, April 21 by Robert W. Baird.

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