Chevy Chase Trust Holdings INC Decreased Us Bancorp Del (USB) Holding as Stock Declined

December 7, 2017 - By Winifred Garcia

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. Northwestern Mutual Wealth Mngmt holds 354,943 shares. Mitsubishi Ufj Trust & reported 3.57M shares. Overbrook Mngmt reported 4,800 shares. Stelliam Management LP holds 1.02M shares. Mitchell Mngmt has 98,885 shares. 57,078 were reported by Nippon Life. Nationwide Fund Advsr, Pennsylvania-based fund reported 872,928 shares. Fiera Capital reported 8.28 million shares stake. Endurance Wealth Management accumulated 0.39% or 44,633 shares. Paragon Capital Management Lc invested in 0.16% or 9,630 shares. 13,285 were reported by Cetera Advsr Ltd Liability Company. Barclays Public Limited Com holds 2.17 million shares. Caprock holds 0.96% in U.S. Bancorp (NYSE:USB) or 82,539 shares. Jnba Financial holds 6,543 shares. Green Square Capital Llc stated it has 0.11% in U.S. Bancorp (NYSE:USB).

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 $79.89 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 4.40 million 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 $20.89 billion 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 Oneok Inc New (NYSE:OKE) by 145,287 shares in the quarter, for a total of 333,574 shares, and has risen its stake in Range Res Corp (NYSE:RRC).

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 $1.46B 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: Nasdaq.com which released: “Why Is US Bancorp (USB) Down 2.6% Since the Last Earnings Report?” on November 20, 2017, also Startribune.com with their article: “US Bancorp further greens the business” published on November 08, 2017, Forbes.com published: “Wells Fargo, US Bancorp See Rare Growth In Mortgage Servicing Portfolios” on November 28, 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 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 rating was maintained by Citigroup on Monday, October 9 with “Neutral”. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, October 19 report. The firm earned “Hold” rating on Friday, October 6 by Robert W. Baird. Wedbush maintained U.S. Bancorp (NYSE:USB) on Thursday, January 19 with “Neutral” rating. Deutsche Bank maintained U.S. Bancorp (NYSE:USB) on Wednesday, August 12 with “Hold” rating. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Thursday, April 21 by Robert W. Baird. The firm earned “Buy” rating on Thursday, September 7 by RBC Capital Markets. The company was maintained on Wednesday, November 1 by JP Morgan. The stock has “Hold” rating by Piper Jaffray on Wednesday, October 18. Argus Research upgraded U.S. Bancorp (NYSE:USB) rating on Thursday, July 20. Argus Research has “Buy” rating and $57 target.

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