First Mercantile Trust Co Decreased Its Stake in Us Bancorp (USB) as Shares Declined

June 27, 2018 - By Sergio Grout

U.S. Bancorp (NYSE:USB) Corporate LogoBig Money Sentiment decreased to 0.87 in 2018 Q1. It has change of 0.09, from 2017Q4’s 0.96. The ratio dived due to USB positioning: 67 sold and 470 reduced. 95 funds amassed holdings and 370 increased holdings. Investors holded 1.18 billion in 2017Q4 but now own 1.17 billion shares or 1.27% less. The Washington-based Garde Capital has invested 0.04% in U.S. Bancorp (NYSE:USB). Peak6 Invests LP accumulated 0.04% or 163,168 shs. Boston Advisors Lc has invested 0.03% in U.S. Bancorp (NYSE:USB). Pictet & Cie (Europe) has 9,550 shs. Jane Street Group Ltd Liability Co, a New York-based fund reported 128,480 shs. California Employees Retirement Systems stated it has 0.3% in U.S. Bancorp (NYSE:USB). Andra Ap holds 125,200 shs. Moreover, Janney Montgomery Scott Ltd has 0.08% invested in U.S. Bancorp (NYSE:USB) for 161,525 shs. Somerset Gp Limited stated it has 12.71% of its capital in U.S. Bancorp (NYSE:USB). 16,300 are owned by Mitchell Sinkler Starr Pa. Homrich And Berg holds 0.12% of its capital in U.S. Bancorp (NYSE:USB) for 34,602 shs. Bradley Foster Sargent Ct reported 0.59% stake. Mutual Of Omaha State Bank Wealth Mgmt owns 8,096 shs for 0.11% of their capital. Point72 Asia (Hong Kong) Ltd reported 0.26% of its capital in U.S. Bancorp (NYSE:USB). Boston Rech & Mngmt Inc holds 47,280 shs or 1.22% of its capital.

USB registered $9.81 million net activity with 0 buys and 5 sales since February 20, 2018. $1.10M worth of stock was sold by Elmore John R. on Friday, February 23. $750,528 worth of U.S. Bancorp (NYSE:USB) was sold by von Gillern Jeffry H.. The insider Parker P.W. sold 98,485 shs worth $5.51 million. Kelligrew James B sold $1.10M worth of U.S. Bancorp (NYSE:USB) or 20,000 shs on Friday, February 23.

First Mercantile Trust Co’s stake in Us Bancorp (USB) is decreased by 85.04% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock sank 9.49% while First Mercantile Trust Co sold 64,210 shares. At the end of 2018Q1, the 11,300 shares of the major banks company held by the institutional investor were priced at $571,000, down from 75,510 at the end of the previous reported quarter. Us Bancorp has $82.35B MC. USB reached $50.14 during the last trading session after $0.06 change.Currently U.S. Bancorp is downtrending after 2.38% change in last June 27, 2017. USB has also 1.75 million shares volume. The stock underperformed the S&P500 by 14.95%.

First Mercantile Trust Co has risen its stake in Chubb Ltd and also increased its holding in Pnc Financial Services Group (NYSE:PNC) by 25,330 shares in the quarter, for a total of 27,730 shares.

On July, 18 U.S. Bancorp (NYSE:USB)’s earnings report is anticipated by WallStreet, according to Faxor. Last year’s earnings per share was $0.85, while now analysts expect change of 17.65 % up from current $1.00 earnings per share. If earnings per share of $1.00 is revealed the profit of USB could be $1.64B giving it 12.54 P/E. 5.26 % EPS growth is what Wall Street’s forecasts after $0.95 reported EPS previous quarter.

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

A total of 14 analysts rate US Bancorp (NYSE:USB) as follows: 7 “Buy”, 4 “Hold” and 3 “Sell”. Тherefore 50% are bullish. (NYSE:USB) has 22 ratings reports on Jun 27, 2018 according to StockzIntelligence. The stock rating was upgraded by Deutsche Bank to “Buy” on Thursday, January 25. The company rating was maintained by Robert W. Baird on Tuesday, January 2. On Monday, January 8 the firm has “Buy” rating given by Jefferies. On Thursday, January 4 the firm earned “Hold” rating by Susquehanna. On Friday, January 5 PiperJaffray upgraded the shares of USB in report to “Overweight” rating. On Friday, February 2 the stock has “Underweight” rating by Morgan Stanley. The stock rating was upgraded by Citigroup to “Buy” on Friday, May 11. On Tuesday, April 3 the stock of U.S. Bancorp (NYSE:USB) has “Hold” rating given by Edward Jones. On Wednesday, April 18 the stock of U.S. Bancorp (NYSE:USB) earned “Buy” rating by Piper Jaffray. On Friday, April 6 the rating was upgraded by Vining Sparks to “Buy”.

U.S. Bancorp (NYSE:USB) Institutional Investors Chart

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