Jefferies Group Weighs in on US Bancorp's Q4 2018 Earnings (USB)

Henrietta Strickland
April 22, 2018

Los Angeles Capital Management & Equity Research Inc sold 18,076 shares as Us Bancorp Del (USB)'s stock declined 8.45%. Madison Investment, Wisconsin-based fund reported 1.83 million shares. Avalon Advisors Llc who had been investing in Mercadolibre Inc for a number of months, seems to be bullish on the $14.33B market cap company. The stock decreased 1.51% or $0.81 during the last trading session, reaching $52.84. About 3.68M shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since April 21, 2017 and is downtrending. It has outperformed by 7.16% the S&P500.

Los Angeles Capital Management & Equity Research Inc decreased Us Bancorp Del (USB) stake by 12.4% reported in 2017Q4 SEC filing. Madison Investment Holdings Inc bought 84,062 shares as the company's stock declined 8.45% with the market. Lockheed Martin Investment Management Company who had been investing in Us Bancorp for a number of months, seems to be less bullish one the $83.57 billion market cap company.

DowDuPont Inc. (NYSE:DWDP), a Basic Materials sector firm, traded 2.32 billion shares in last trading session and stock slipped -2.25% with closing price of $66.53 per share. The stock was sold at an average price of $25.22, for a total transaction of $5,044,000.00. Pinnacle Financial Partners Inc. raised its position in shares of U.S. Bancorp by 93.1% in the fourth quarter. It has underperformed by 16.03% the S&P500.

Piper Jaffray also issued estimates for Sterling Bancorp's Q2 2018 earnings at $0.45 EPS, FY2018 earnings at $1.88 EPS and Q4 2019 earnings at $0.57 EPS. Its up 0.16, from 1.3 in 2017Q3. It improved, as 38 investors sold USB shares while 462 reduced holdings. 48 funds opened positions while 92 raised stakes. Ameritas Inv Prtnrs owns 119,362 shares. First Bancshares Sioux Falls holds 10.66% or 60,185 shares. Profit Invest Ltd Com accumulated 58,625 shares. 35,902 are held by Wetherby Asset Mgmt Incorporated. State Of Alaska Department Of Revenue accumulated 30,875 shares. Boston Private Wealth Ltd Limited Liability Company holds 84,300 shares or 0.17% of its portfolio. Associated Banc Corp now owns 471,456 shares of the financial services provider's stock worth $24,219,000 after buying an additional 17,737 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: "Jefferies Group Weighs in on U.S. Bancorp's Q4 2018 Earnings (USB)" was first published by Enterprise Leader and is the sole property of of Enterprise Leader. Vining Sparks reiterated a "buy" rating and issued a $64.00 price objective on shares of U.S. Bancorp in a report on Monday, January 8th. Neville Rodie And Shaw holds 0.17% in U.S. Bancorp (NYSE:USB) or 29,344 shares. The company was maintained on Thursday, September 7 by RBC Capital Markets. Sadoff Investment Limited Liability stated it has 4,003 shares or 0.02% of all its holdings. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. Therefore 75% are positive. NASDAQ OMX Group had 71 analyst reports since August 9, 2015 according to SRatingsIntel. Susquehanna downgraded U.S. Bancorp (NYSE:USB) on Thursday, December 1 to "Neutral" rating. The firm has "Neutral" rating given on Wednesday, April 6 by Guggenheim. The stock has "Neutral" rating by JP Morgan on Friday, December 16. The company was maintained on Thursday, June 8 by Jefferies. Financial Mngmt has 0.01% invested in U.S. Bancorp (NYSE:USB). The firm earned "Perform" rating on Monday, September 21 by Oppenheimer.

According to a filing Suntrust Banks Inc reduced its stake in Ishares Tr (EUFN) by 134,845 shares to 303,520 shares, valued at $7.07 million in 2017Q4. Looking backwards over the past quarter, these shares have fell -10.76%. On Friday, February 23 the insider Kelligrew James B sold $1.10 million.

In related news, EVP Craig E. Gifford sold 45,890 shares of the stock in a transaction dated Wednesday, February 28th. Horan Capital holds 1.93% in U.S. Bancorp (NYSE:USB) or 181,269 shares.

Exchange Capital Management Inc decreased Chevron Corp (NYSE:CVX) stake by 6,894 shares to 6,330 valued at $792,000 in 2017Q4. It also reduced its holding in Resmed Inc (NYSE:RMD) by 14,178 shares in the quarter, leaving it with 18,304 shares, and cut its stake in Pioneer Natural Resources Co (NYSE:PXD). Creative Planning has invested 0.01% of its portfolio in Rollins, Inc. Its down 0.19, from 0.69 in 2017Q3. 79 funds opened positions while 222 raised stakes. Frontier Management reported 139,945 shares or 0.45% of all its holdings. (NYSE:ROL) or 2,180 shares. Sun Life reported 0.26% of its portfolio in AT&T Inc. After $0.39 actual earnings per share reported by Sterling Bancorp for the previous quarter, Wall Street now forecasts 15.38% EPS growth. Amer National Registered Invest Advisor holds 24,781 shares. It also increased its holding in Citigroup (NYSE:C) by 11,820 shares in the quarter, for a total of 82,020 shares, and has risen its stake in Ishare Msci Emerging Markets E (EEM). Penn Cap reported 1.44% in Sterling Bancorp (NYSE:STL). Sumitomo Mitsui Asset Mngmt Ltd reported 8,463 shares stake. New Jersey-based Private Advisor Gru Ltd Co has invested 0.12% in U.S. Bancorp (NYSE:USB). Old Second Bankshares Of Aurora holds 1.46% or 68,669 shares in its portfolio. Wellington Management Ltd Liability Partnership holds 27,953 shares.

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