As Us Bancorp Del (USB) Valuation Declined, Tdam Usa INC Boosted Its Position by $3.66 Million

January 17, 2018 - By reb123z

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.01, from 0.9 in 2017Q2. It worsened, as 61 investors sold USB shares while 441 reduced holdings. 81 funds opened positions while 368 raised stakes. 1.20 billion shares or 1.15% less from 1.21 billion shares in 2017Q2 were reported. Bnp Paribas Asset Management Holdg Sa holds 0.23% or 496,591 shares. Massachusetts-based Rosenbaum Jay D has invested 2.4% in U.S. Bancorp (NYSE:USB). Madison Investment has 1.67% invested in U.S. Bancorp (NYSE:USB) for 1.74M shares. Btim Corp holds 1.27% or 1.53M shares. Umb Financial Bank N A Mo, Missouri-based fund reported 184,290 shares. Neuberger Berman Gru Limited Com reported 0.37% of its portfolio in U.S. Bancorp (NYSE:USB). Pathstone Family Office Limited Liability owns 220 shares. State Board Of Administration Of Florida Retirement has 0.34% invested in U.S. Bancorp (NYSE:USB). Meritage Portfolio Management invested in 21,446 shares. Norinchukin Bancorporation The has invested 0.07% in U.S. Bancorp (NYSE:USB). Sei holds 569,292 shares. Davidson Investment Advsr holds 0.06% of its portfolio in U.S. Bancorp (NYSE:USB) for 9,978 shares. Schnieders Mngmt Lc owns 19,255 shares or 0.45% of their US portfolio. Coastline Tru has invested 0.75% in U.S. Bancorp (NYSE:USB). Lord Abbett Co Limited Liability Company holds 0.25% or 1.62M shares.

Since August 9, 2017, it had 0 insider purchases, and 1 sale for $15,927 activity.

Tdam Usa Inc increased its stake in Us Bancorp Del (USB) by 37.65% based on its latest 2017Q3 regulatory filing with the SEC. Tdam Usa Inc bought 69,029 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 252,391 shares of the major banks company at the end of 2017Q3, valued at $13.53M, up from 183,362 at the end of the previous reported quarter. Tdam Usa Inc who had been investing in Us Bancorp Del for a number of months, seems to be bullish on the $94.87 billion market cap company. The stock increased 0.33% or $0.19 during the last trading session, reaching $57.17. About 8.84M shares traded or 57.15% up from the average. U.S. Bancorp (NYSE:USB) has risen 23.07% since January 17, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.

Tdam Usa Inc, which manages about $16.26B and $1.70B US Long portfolio, decreased its stake in Union Pac Corp (NYSE:UNP) by 33,240 shares to 41,982 shares, valued at $4.87 million in 2017Q3, according to the filing. It also reduced its holding in Pepsico Inc (NYSE:PEP) by 147,826 shares in the quarter, leaving it with 110,052 shares, and cut its stake in Automatic Data Processing In (NASDAQ:ADP).

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Reuters.com which released: “US Bancorp’s fourth-quarter profit rises 16 pct” on January 17, 2018, also Businesswire.com with their article: “US Bancorp Names Andy Cecere Chairman of the Board of Directors, Effective …” published on January 16, 2018, Businesswire.com published: “US Bancorp Reports Fourth Quarter and Full Year 2017 Earnings” on January 17, 2018. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Benzinga.com and their article: “Piper Jaffray Names US Bancorp Its ‘Sleeper’ Tax Cut Play” published on January 05, 2018 as well as Finance.Yahoo.com‘s news article titled: “Can Fee Income Growth Aid US Bancorp’s (USB) Q4 Earnings?” with publication date: January 15, 2018.

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

Among 30 analysts covering U.S. Bancorp (NYSE:USB), 8 have Buy rating, 2 Sell and 20 Hold. Therefore 27% are positive. U.S. Bancorp had 79 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Thursday, June 22. Jefferies maintained U.S. Bancorp (NYSE:USB) rating on Monday, January 8. Jefferies has “Buy” rating and $63.0 target. The rating was downgraded by Morgan Stanley on Monday, November 14 to “Underweight”. On Monday, March 14 the stock rating was upgraded by Atlantic Securities to “Overweight”. Keefe Bruyette & Woods maintained U.S. Bancorp (NYSE:USB) rating on Friday, August 11. Keefe Bruyette & Woods has “Hold” rating and $5600 target. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. Wells Fargo maintained U.S. Bancorp (NYSE:USB) rating on Thursday, August 10. Wells Fargo has “Market Perform” rating and $56 target. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, October 13. The company was downgraded on Wednesday, November 16 by Piper Jaffray. The rating was upgraded by PiperJaffray to “Overweight” on Friday, January 5.

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