Candriam Luxembourg SCA Reduces Stake in US Bancorp (USB)

Joanna Estrada
February 23, 2018

The financial services provider reported $0.88 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.87 by $0.01. Baxter Bros Inc who had been investing in Edwards Life for a number of months, seems to be bullish on the $28.07B market cap company. Schroder Investment Management Grp Inc accumulated 1.86 million shares. U.S. Bancorp (NYSE:USB) has risen 23.07% since February 23, 2017 and is uptrending. It has underperformed by 15.67% the S&P500. Stifel Financial Corp boosted its stake in U.S. Bancorp by 5,557.0% during the 3rd quarter. Strategic Financial Services Inc bought 27,265 shares as the company's stock declined 6.89% while stock markets rallied. The institutional investor held 5.45M shares of the major banks company at the end of 2017Q3, valued at $292.27M, down from 6.17 million at the end of the previous reported quarter. Choate Investment Advisors who had been investing in Us Bancorp New for a number of months, seems to be less bullish one the $89.87B market cap company. The stock increased 1.52% or $0.83 during the last trading session, reaching $55.1. Linscomb & Williams Inc. now owns 67,117 shares of the financial services provider's stock valued at $3,596,000 after purchasing an additional 6,934 shares in the last quarter.

U.S. Bancorp (NYSE:USB) notched a -1.51% intraday decline moving at $54.27. It has outperformed by 6.37% the S&P500.

Since February 20, 2018, it had 0 buys, and 1 insider sale for $5.51 million activity.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 17th.

For the current quarter, 28 analysts are projecting a mean EPS of $0.94/share. USB's profit will be $1.56 billion for 14.43 P/E if the $0.94 EPS becomes a reality. Janus Henderson Group PLC lifted its holdings in shares of U.S. Bancorp by 4.5% during the 3rd quarter. Zacks Investment Research raised shares of U.S. Bancorp from a "hold" rating to a "buy" rating and set a $64.00 price target on the stock in a research report on Friday, February 2nd. Therefore 13% are positive. U.S. Bancorp's revenue for the quarter was up 3.7% compared to the same quarter last year. equities research analysts forecast that U.S. Bancorp will post 4.05 EPS for the current fiscal year. Finally, Zacks Investment Research raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Monday, October 30th. As per Tuesday, September 8, the company rating was upgraded by Vetr. The firm has "Neutral" rating given on Wednesday, December 21 by Atlantic Securities. The firm earned "Buy" rating on Thursday, January 21 by Suntrust Robinson.

Among 25 analysts covering PPG Industries (NYSE:PPG), 13 have Buy rating, 0 Sell and 12 Hold. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Jefferies maintained it with "Buy" rating and $63.0 target in Monday, January 8 report. Robert W. Baird initiated the stock with "Outperform" rating in Thursday, October 6 report. According to their observations and findings, the stock could provide a high EPS of $0.99/share and a low EPS of $0.87/share. It also increased its holding in Transcanada Corp (NYSE:TRP) by 162,062 shares in the quarter, for a total of 184,137 shares, and has risen its stake in Schwab Charles Corp New (NYSE:SCHW).

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.01, from 0.9 in 2017Q2. It dived, as 61 investors sold USB shares while 441 reduced holdings. 73 funds opened positions while 219 raised stakes. Annex Advisory Lc has invested 0.06% in U.S. Bancorp (NYSE:USB).

The counter witnessed a trading volume of 5.15 million shares versus an average volume of 8.29 million shares during last trading session. Tiedemann Wealth Mgmt Lc reported 0.04% in U.S. Bancorp (NYSE:USB). It is negative, as 50 investors sold BA shares while 609 reduced holdings. Marathon Asset Mngmt Ltd Liability Partnership has invested 2.21% in U.S. Bancorp (NYSE:USB). Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider's stock worth $831,753,000 after acquiring an additional 110,571 shares during the period. First Eagle Investment Management LLC now owns 11,901,940 shares of the financial services provider's stock valued at $637,825,000 after buying an additional 276,373 shares during the period. Highvista Strategies Ltd Limited Liability Company invested in 0.07% or 5,800 shares. Cambridge Trust Comm holds 2.65% of its portfolio in U.S. Bancorp (NYSE:USB) for 736,950 shares. The New York-based Junto Capital Management Lp has invested 1.62% in the stock. Macguire Cheswick Tuttle Invest Counsel Limited Liability Com invested in 65,827 shares.

Cliftonlarsonallen Wealth Advisors Llc, which manages about $2.03 billion and $945.21 million US Long portfolio, upped its stake in Schwab Strategic Tr (SCHB) by 35,943 shares to 291,935 shares, valued at $17.78 million in 2017Q3, according to the filing.

Analysts await Eaton Vance Corp. They expect $2.37 earnings per share, down 0.42% or $0.01 from last year's $2.38 per share. PPG's profit will be $354.84M for 20.59 P/E if the $1.42 EPS becomes a reality. Therefore 32% are positive. PPG Industries had 68 analyst reports since September 6, 2015 according to SRatingsIntel. The stock has "Buy" rating by Drexel Hamilton on Tuesday, April 19. Jefferies maintained Target Corporation (NYSE:TGT) on Tuesday, July 25 with "Hold" rating. Barclays Capital has "Underweight" rating and $133 target. The firm has "Neutral" rating by JP Morgan given on Thursday, April 7. The firm has "Neutral" rating given on Thursday, January 19 by Wedbush. The stock has an average rating of "Hold" and an average price target of $58.13. RBC Capital Markets maintained the shares of USB in report on Friday, January 22 with "Sector Perform" rating. Citigroup maintained it with "Neutral" rating and $160 target in Tuesday, July 19 report.

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