Today US Bancorp (NYSE:USB) Reported Decrease in Shorted Shares

September 17, 2017 - By Linda Rogers

 Today US Bancorp (NYSE:USB) Reported Decrease in Shorted Shares

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.10, from 0.97 in 2016Q3. It improved, as 46 investors sold U.S. Bancorp shares while 425 reduced holdings. 141 funds opened positions while 361 raised stakes. 1.23 billion shares or 1.73% more from 1.21 billion shares in 2016Q3 were reported.
Mairs & Pwr reported 6.62M shares. Bridgewater Lp holds 0.03% or 60,900 shares in its portfolio. Checchi Advisers Limited Liability Corporation stated it has 0.11% in U.S. Bancorp (NYSE:USB). Moreover, Meridian Inv Counsel has 0.21% invested in U.S. Bancorp (NYSE:USB) for 6,166 shares. Proshare Advsr Ltd Liability Co owns 361,175 shares for 0.21% of their portfolio. Sprott has invested 0.12% in U.S. Bancorp (NYSE:USB). Algebris Investments (Uk) Ltd Liability Partnership owns 4,958 shares. Trust Of Toledo Na Oh invested 0.15% of its portfolio in U.S. Bancorp (NYSE:USB). Wealthtrust has invested 0.07% in U.S. Bancorp (NYSE:USB). Jag Capital Mgmt Limited Liability Company reported 9,972 shares. Carret Asset Ltd Llc owns 61,892 shares for 0.6% of their portfolio. Tudor Corporation Et Al holds 52,672 shares or 0.07% of its portfolio. 28,000 are held by Roundview Capital Ltd Liability Corp. Guyasuta Investment reported 0.13% stake. Yhb Inv Advsrs owns 1.05% invested in U.S. Bancorp (NYSE:USB) for 98,440 shares.

Since May 3, 2017, it had 0 buys, and 3 insider sales for $2.29 million activity. $1.53 million worth of U.S. Bancorp (NYSE:USB) was sold by Parker P.W. on Tuesday, May 16. GODRIDGE LESLIE V sold $740,539 worth of stock.

The stock of US Bancorp (NYSE:USB) registered a decrease of 1.08% in short interest. USB’s total short interest was 15.66M shares in September as published by FINRA. Its down 1.08% from 15.83M shares, reported previously. With 3.98M shares average volume, it will take short sellers 4 days to cover their USB’s short positions. The short interest to US Bancorp’s float is 0.98%.

The stock increased 0.33% or $0.17 on September 15, reaching $51.81. About 6.15M shares traded or 35.46% up from the average. U.S. Bancorp (NYSE:USB) has risen 23.07% since September 17, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

U.S. Bancorp is a multi-state financial services holding company. The company has market cap of $86.67 billion. The Firm provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It has a 15.64 P/E ratio. It also engages in credit card services, merchant and automated teller machine processing, mortgage banking, insurance, brokerage and leasing.

U.S. Bancorp (NYSE:USB) Ratings Coverage

Among 26 analysts covering U.S. Bancorp (NYSE:USB), 7 have Buy rating, 1 Sell and 18 Hold. Therefore 27% are positive. U.S. Bancorp had 61 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of U.S. Bancorp (NYSE:USB) earned “Outperform” rating by RBC Capital Markets on Thursday, October 20. Atlantic Securities downgraded the stock to “Neutral” rating in Wednesday, December 21 report. The company was maintained on Wednesday, November 30 by Wedbush. The firm earned “Buy” rating on Friday, August 11 by Jefferies. The stock of U.S. Bancorp (NYSE:USB) earned “Buy” rating by RBC Capital Markets on Wednesday, April 5. Deutsche Bank maintained U.S. Bancorp (NYSE:USB) on Wednesday, August 12 with “Hold” rating. The firm has “Hold” rating given on Wednesday, September 13 by Keefe Bruyette & Woods. The stock has “Market Perform” rating by Wells Fargo on Thursday, August 10. The stock has “Hold” rating by Rafferty on Thursday, April 20. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Thursday, August 20 by Sterne Agee CRT.

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Businesswire.com which released: “US Bancorp to Speak at the Barclays Global Financial Services Conference” on September 06, 2017, also Fool.com with their article: “3 Stocks You Can Keep Forever” published on September 15, 2017, Reuters.com published: “MOVES- US Bancorp, TPG Capital, Barclays, Global Bankers Insurance Group, UBS” on September 12, 2017. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Nasdaq.com and their article: “October 27th Options Now Available For US Bancorp (USB)” published on September 07, 2017 as well as Seekingalpha.com‘s news article titled: “US Bancorp:” with publication date: August 18, 2017.

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