As U S Bancorp (USB) Stock Value Declined, Holder United Fire Group INC Has Lowered Its Stake by $3.26 Million

July 27, 2018 - By Lisa Delgado

U.S. Bancorp (NYSE:USB) LogoInvestors sentiment decreased to 0.87 in 2018 Q1. Its down 0.09, from 0.96 in 2017Q4. It fall, as 67 investors sold USB shares while 470 reduced holdings. 95 funds opened positions while 370 raised stakes. 1.17 billion shares or 1.27% less from 1.18 billion shares in 2017Q4 were reported. Calamos Advsr Ltd Llc reported 0% of its portfolio in U.S. Bancorp (NYSE:USB). Comerica Secs reported 8,776 shares. Moreover, Marshfield Assoc has 0.06% invested in U.S. Bancorp (NYSE:USB) for 16,712 shares. Archford Capital Strategies Limited Liability Corp owns 0.51% invested in U.S. Bancorp (NYSE:USB) for 22,684 shares. Liberty Capital Mgmt, Michigan-based fund reported 59,615 shares. Horan Cap Management invested in 2,035 shares. Schnieders Capital Mngmt Ltd Liability Com invested in 25,388 shares or 0.55% of the stock. Hudson Valley Invest Advsrs Adv owns 13,550 shares for 0.17% of their portfolio. Aspiriant Ltd has 0.36% invested in U.S. Bancorp (NYSE:USB) for 82,811 shares. Salzhauer Michael owns 0.45% invested in U.S. Bancorp (NYSE:USB) for 24,288 shares. 54,689 are owned by Daiwa. Cullen Frost Bankers Inc reported 76,786 shares. Guggenheim Capital Limited Liability accumulated 955,305 shares or 0.12% of the stock. 168,443 are owned by Greenleaf Tru. Mackenzie Fincl holds 0.46% or 3.58 million shares in its portfolio.

Since February 20, 2018, it had 0 buys, and 6 insider sales for $12.85 million activity. von Gillern Jeffry H. had sold 13,641 shares worth $750,528. Elmore John R. had sold 20,000 shares worth $1.10M. GODRIDGE LESLIE V had sold 24,500 shares worth $1.35 million on Friday, February 23. The insider Kelligrew James B sold $1.10M.

United Fire Group Inc decreased its stake in U S Bancorp (USB) by 10.83% based on its latest 2018Q1 regulatory filing with the SEC. United Fire Group Inc sold 65,284 shares as the company’s stock declined 9.49% with the market. The institutional investor held 537,675 shares of the major banks company at the end of 2018Q1, valued at $27.15 million, down from 602,959 at the end of the previous reported quarter. United Fire Group Inc who had been investing in U S Bancorp for a number of months, seems to be less bullish one the $85.66B market cap company. The stock increased 1.43% or $0.74 during the last trading session, reaching $52.36. About 9.40 million shares traded or 31.25% up from the average. U.S. Bancorp (NYSE:USB) has declined 2.38% since July 27, 2017 and is downtrending. It has underperformed by 14.95% the S&P500.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on October, 17. They expect $1.04 earnings per share, up 18.18 % or $0.16 from last year’s $0.88 per share. USB’s profit will be $1.70B for 12.59 P/E if the $1.04 EPS becomes a reality. After $1.02 actual earnings per share reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 1.96 % EPS growth.

More news for U.S. Bancorp (NYSE:USB) were recently published by: Investorplace.com, which released: “3 Big Stock Charts for Friday: US Bancorp, Mcdonalds and DowDuPont” on July 27, 2018. Seekingalpha.com‘s article titled: “Citizens Financial Group: Quickly Becoming A Top Performer” and published on July 27, 2018 is yet another important article.

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

Among 12 analysts covering US Bancorp (NYSE:USB), 5 have Buy rating, 3 Sell and 4 Hold. Therefore 42% are positive. US Bancorp had 15 analyst reports since January 31, 2018 according to SRatingsIntel. The stock has “Hold” rating by Sandler O’Neill on Tuesday, March 27. The firm has “Buy” rating given on Friday, May 11 by Citigroup. The rating was upgraded by Robert W. Baird on Monday, March 26 to “Buy”. The stock of U.S. Bancorp (NYSE:USB) has “Hold” rating given on Wednesday, April 18 by Susquehanna. As per Wednesday, April 18, the company rating was maintained by Jefferies. The firm has “Underweight” rating given on Friday, February 2 by Morgan Stanley. JP Morgan downgraded U.S. Bancorp (NYSE:USB) on Wednesday, January 31 to “Underweight” rating. On Wednesday, April 18 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Keefe Bruyette & Woods maintained U.S. Bancorp (NYSE:USB) rating on Wednesday, April 4. Keefe Bruyette & Woods has “Hold” rating and $5600 target. The company was downgraded on Tuesday, April 3 by Edward Jones.

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

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