Investors wait U.S. Bancorp (NYSE:USB) to report on January, 17. its quarterly earnings Wall Street analysts expect $0.88 earnings per share, up $0.06 or 7.32 % from last year's $0.82 same quarter earnings. Bank Pictet & Cie Asia Ltd who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $544.12B market cap company.
The counter witnessed a trading volume of 5.84 million shares versus an average volume of 5.29 million shares during last trading session. About 1.44 million shares traded. U.S. Bancorp had 72 analyst reports since August 6, 2015 according to SRatingsIntel. It has outperformed by 6.37% the S&P500.
Bokf decreased American Intl Group Inc (AIG) stake by 23.25% reported in 2017Q2 SEC filing. Pinnacle Associates Ltd. now owns 21,133 shares of the financial services provider's stock valued at $1,097,000 after buying an additional 180 shares in the last quarter.
In other U.S. Bancorp news, Vice Chairman Terrance R. Dolan sold 101,334 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, January 19th. The stock declined 0.08% or $0.04 reaching $51.63 per share. It has outperformed by 20.71% the S&P500. It also reduced its holding in Walt Disney Company/The (NYSE:DIS) by 7,248 shares in the quarter, leaving it with 41,246 shares, and cut its stake in Goldman Sachs Group Inc. Camden Ppty Tr (NYSE:CPT) was reduced too.
Investors sentiment increased to 0.64 in 2017 Q2. Its down 0.01, from 0.91 in 2017Q1.
A number of other institutional investors also recently added to or reduced their stakes in USB. 79 funds opened positions while 182 raised stakes. Cornercap Invest Counsel Incorporated has 38,665 shares for 0.34% of their portfolio. New England Asset Management Inc. lifted its stake in shares of U.S. Bancorp by 52.5% in the first quarter. This is assuming the current $0.88 EPS is accurate. Washington Tru State Bank holds 218,971 shares. Westfield Capital Mngmt Lp stated it has 455,414 shares or 0.34% of all its holdings. (NYSE:ALJ). Etrade Cap Lc reported 12,339 shares. The Ohio-based Bowling Portfolio Management Llc has invested 0.1% in the stock. Flippin Bruce & Porter Inc stated it has 154,812 shares or 1.81% of all its holdings. The stock recovered 8.97% since its low point and has performed 0.6% year-to-date. North Star Invest Mgmt Corp has invested 0.08% in American International Group Inc (NYSE:AIG). Kayne Anderson Rudnick Inv Mngmt Ltd Liability Co reported 421,786 shares or 0.22% of all its holdings. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Therefore 94% are positive. Sun Communities had 11 analyst reports since August 12, 2015 according to SRatingsIntel. (NYSE:ALJ) on Monday, October 12 to "Equal-Weight" rating. The firm earned "Buy" rating on Monday, October 23 by BMO Capital Markets. Nomura downgraded shares of U.S. Bancorp from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $57.00 to $55.00 in a research report on Thursday, September 28th. The rating was maintained by SunTrust with "Buy" on Monday, October 2. The firm has "Neutral" rating given on Wednesday, November 30 by Wedbush. The rating was initiated by JP Morgan with "Neutral" on Friday, September 11. This key information was revealed in a report on Wednesday morning. Ontario Teachers Pension Plan Board reported 210,974 shares. The rating was maintained by Wells Fargo with "Buy" on Friday, October 27. (NASDAQ:AMZN) by 1,315 shares to 10,561 shares, valued at $10.22 million in 2017Q2, according to the filing. Monro Muffler Brake Inc (NASDAQ:MNRO) was reduced too. U.S. Bancorp accounts for about 2.1% of River Road Asset Management LLC's holdings, making the stock its 2nd biggest holding. Therefore 24% are positive. The company operates in the Financial Services sector with a market capitalization of 86.59 Million. The company was maintained on Tuesday, September 5 by Robert W. Baird. The company presently has a consensus rating of "Hold" and an average price target of $53.82. On Tuesday, November 24 the stock rating was initiated by Piper Jaffray with "Overweight". The rating was upgraded by Jefferies on Monday, November 28 to "Buy". Royal Bank Of Canada acquired 55,000 shares as Us Bancorp Del (Call) (USB)'s stock declined 6.89%. Piper Jaffray maintained U.S. Bancorp (NYSE:USB) on Wednesday, October 18 with "Hold" rating. The firm has "Buy" rating by Canaccord Genuity given on Thursday, December 1. Jefferies maintained U.S. Bancorp (NYSE:USB) on Thursday, June 8 with "Buy" rating.
ILLEGAL ACTIVITY NOTICE: "U.S. Bancorp (USB) Upgraded by Zacks Investment Research to "Hold" was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The rating was maintained by Barclays Capital on Tuesday, January 3 with "Overweight".
Oppenheimer Holdings also issued estimates for U.S. Bancorp's Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $0.90 EPS, Q4 2017 earnings at $0.89 EPS, FY2017 earnings at $3.44 EPS and FY2018 earnings at $3.76 EPS. Its down 0.01, from 0.91 in 2017Q1. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/15/u-s-bancorp-usb-upgraded-to-hold-at-zacks-investment-research.html. 93 funds opened positions while 362 raised stakes. It is 0.00% or $0 reaching $13.32 per share. Stewart And Patten Comm Limited Liability Com holds 0.12% or 12,800 shares in its portfolio. U.S. Bancorp had a return on equity of 13.88% and a net margin of 25.89%. Wetherby Asset Mngmt holds 32,874 shares or 0.29% of its portfolio. State Street Corp boosted its holdings in U.S. Bancorp by 1.2% in the first quarter. Millennium Lc invested in 80,264 shares. Credit Agricole S A reported 792,435 shares. Following the transaction, the insider now directly owns 113,723 shares in the company, valued at approximately $4,984,479.09.
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