As Us Bancorp Del (USB) Stock Declined, Shareholder Chevy Chase Trust Holdings INC Has Cut by $5.33 Million Its Stake

December 7, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.9 in 2017 Q2. 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. Security Bancorporation Of Sioux City Iowa Ia holds 13,000 shares. Arete Wealth Advisors Ltd has 6,339 shares for 0.15% of their portfolio. Midwest Inv Mngmt Ltd Liability Corp accumulated 3.13% or 71,457 shares. Van Strum Towne holds 0.14% or 4,209 shares. 275,467 were accumulated by Natl Insur Tx. Cap One Association holds 0.4% of its portfolio in U.S. Bancorp (NYSE:USB) for 104,895 shares. Ibm Retirement Fund reported 0.42% of its portfolio in U.S. Bancorp (NYSE:USB). Walleye Trading Limited Liability Corporation holds 124,598 shares or 0.04% of its portfolio. First Houston Capital invested in 2.9% or 55,900 shares. Dumont And Blake Investment Limited invested 0.53% in U.S. Bancorp (NYSE:USB). Hikari Power Ltd invested in 0.79% or 112,900 shares. City accumulated 41,915 shares or 0.77% of the stock. Estabrook Capital Mgmt holds 0% or 72,840 shares. Park Avenue Lc reported 5,794 shares or 0.03% of all its holdings. Pictet Bancorporation & Tru Ltd holds 0.69% or 42,380 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 1.54M shares of the major banks company at the end of 2017Q2, valued at $79.89M, 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 Cvs Health Corp (NYSE:CVS) by 115,371 shares to 1.55M shares, valued at $124.59 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 $1.46 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 to Speak at the Goldman Sachs US Financial Services Conference” published on November 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: Startribune.com and their article: “US Bancorp further greens the business” published on November 08, 2017 as well as Businesswire.com‘s news article titled: “US Bancorp Announces Fourth Quarter Earnings Conference Call Details” with publication date: December 07, 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. The firm earned “Buy” rating on Thursday, July 27 by RBC Capital Markets. The firm has “Neutral” rating given on Wednesday, April 6 by Guggenheim. Canaccord Genuity initiated the stock with “Buy” rating in Wednesday, July 22 report. The stock has “Equal-Weight” rating by Stephens on Tuesday, March 8. Wedbush maintained U.S. Bancorp (NYSE:USB) on Wednesday, November 30 with “Neutral” rating. The stock of U.S. Bancorp (NYSE:USB) earned “Outperform” rating by RBC Capital Markets on Tuesday, January 19. Argus Research upgraded U.S. Bancorp (NYSE:USB) rating on Thursday, July 20. Argus Research has “Buy” rating and $57 target. The firm earned “Neutral” rating on Thursday, December 1 by Susquehanna. As per Wednesday, July 19, the company rating was maintained by Oppenheimer. The firm earned “Hold” rating on Wednesday, August 12 by Deutsche Bank.

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