US Bancorp (USB) Market Valuation Declined While Regent Investment Management Cut Its Stake …



July 13, 2018 – By Sarah Harris

U.S. Bancorp (NYSE:USB) Logo

Regent Investment Management Llc decreased its stake in U S Bancorp (USB) by 61.06% based on its latest 2018Q1 regulatory filing with the SEC. Regent Investment Management Llc sold 9,727 shares as the company’s stock declined 9.49% with the market. The hedge fund held 6,203 shares of the major banks company at the end of 2018Q1, valued at $313,000, down from 15,930 at the end of the previous reported quarter. Regent Investment Management Llc who had been investing in U S Bancorp for a number of months, seems to be less bullish one the $83.39 billion market cap company. The stock decreased 1.15% or $0.59 during the last trading session, reaching $50.77. About 1.59M shares traded. U.S. Bancorp (NYSE:USB) has declined 2.38% since July 13, 2017 and is downtrending. It has underperformed by 14.95% the S&P500. Some Historical USB News: 21/03/2018 – U.S. Bank Raises Prime Lending Rate to 4.75 Percent from 4.50 Percent Effective March 22, 2018; 22/05/2018 – U.S. Bancorp Presenting at Conference May 29; 18/04/2018 – US Bancorp 1Q EPS Boosted 1c by Items; 18/04/2018 – US Bancorp 1Q Net Interest Income $3.17B; 18/04/2018 – US Bancorp 1Q Return on Tangible Common Equity 19.3%; 16/05/2018 – U.S. Bancorp Presenting at AllianceBernstein Conference May 30; 18/04/2018 – US Bancorp 1Q Net Interest Margin 3.13%; 25/04/2018 – U.S. Bank Streamlines Automated Insurance Payment Process with Enservio’s Paysurance®; 14/03/2018 – U.S. Bancorp Closes Below 200-Day Moving Average: Technicals; 14/04/2018 – U.S. Bancorp Ready to Play in the Big Leagues — Barron’s

Eric Bannasch increased its stake in American Tower Corp New (AMT) by 99.5% based on its latest 2018Q1 regulatory filing with the SEC. Cadian Capital Management Lp bought 354,115 shares as the company’s stock declined 4.49% with the market. The hedge fund run by Eric Bannasch held 710,000 shares of the real estate investment trusts company at the end of 2018Q1, valued at $103.19M, up from 355,885 at the end of the previous reported quarter. Cadian Capital Management Lp who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $63.37B market cap company. The stock decreased 0.19% or $0.28 during the last trading session, reaching $143.48. About 169,083 shares traded. American Tower Corporation (NYSE:AMT) has risen 4.03% since July 13, 2017 and is uptrending. It has underperformed by 8.54% the S&P500.

Since February 20, 2018, it had 0 buys, and 5 insider sales for $9.81 million activity. $1.10M worth of U.S. Bancorp (NYSE:USB) was sold by Elmore John R. on Friday, February 23. von Gillern Jeffry H. had sold 13,641 shares worth $750,528. Parker P.W. sold $5.51 million worth of U.S. Bancorp (NYSE:USB) on Tuesday, February 20. Kelligrew James B had sold 20,000 shares worth $1.10M.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.09, from 0.96 in 2017Q4. It turned negative, 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. Bahl Gaynor holds 1.59M shares or 0.89% of its portfolio. Lifeplan Financial Grp has invested 0.02% in U.S. Bancorp (NYSE:USB). Finemark Bank And Trust, a Florida-based fund reported 55,097 shares. Interocean Cap, Illinois-based fund reported 253,421 shares. 90 are held by Mitsubishi Ufj Secs Hldg Com Limited. Cubist Systematic Strategies Limited Com reported 46,008 shares. Mutual Of Omaha Bank Wealth invested in 8,096 shares or 0.11% of the stock. Parthenon Ltd Llc has 0.48% invested in U.S. Bancorp (NYSE:USB) for 40,760 shares. Bridgewater Associates LP invested in 0.02% or 42,794 shares. Impax Asset Limited Liability Corporation holds 17,888 shares. Cetera Advisor Net Lc stated it has 0.06% in U.S. Bancorp (NYSE:USB). Royal Comml Bank Of Canada reported 13.95 million shares or 0.32% of all its holdings. 50,310 were accumulated by Psagot Invest House Ltd. 43,066 were accumulated by Bkd Wealth Ltd. Perigon Wealth Management Limited Liability Company invested in 16,703 shares or 0.31% of the stock.

Among 33 analysts covering U.S. Bancorp (NYSE:USB), 12 have Buy rating, 4 Sell and 17 Hold. Therefore 36% are positive. U.S. Bancorp had 96 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by PiperJaffray given on Wednesday, November 16. The stock of U.S. Bancorp (NYSE:USB) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 4. The company was upgraded on Wednesday, January 13 by Deutsche Bank. On Wednesday, April 18 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, January 25. Societe Generale initiated the stock with “Buy” rating in Tuesday, March 22 report. On Wednesday, November 1 the stock rating was maintained by JP Morgan with “Neutral”. The stock of U.S. Bancorp (NYSE:USB) earned “Neutral” rating by Atlantic Securities on Wednesday, December 21. On Monday, March 26 the stock rating was upgraded by Robert W. Baird to “Buy”. The firm has “Neutral” rating given on Thursday, April 7 by JP Morgan.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on July, 18 before the open. They expect $1.00 earnings per share, up 17.65% or $0.15 from last year’s $0.85 per share. USB’s profit will be $1.64 billion for 12.69 P/E if the $1.00 EPS becomes a reality. After $0.95 actual earnings per share reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 5.26% EPS growth.

Regent Investment Management Llc, which manages about $294.77M and $295.66 million US Long portfolio, upped its stake in Kinder Morgan Inc (NYSE:KMI) by 43,750 shares to 72,075 shares, valued at $1.09 million in 2018Q1, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 14,630 shares in the quarter, for a total of 40,860 shares, and has risen its stake in Unilever Plc F Sponsored Adr 1 (NYSE:UL).

Cadian Capital Management Lp, which manages about $5.56B and $1.85 billion US Long portfolio, decreased its stake in Zendesk Inc (NYSE:ZEN) by 2.75M shares to 256,300 shares, valued at $12.27M in 2018Q1, according to the filing. It also reduced its holding in Palo Alto Networks Inc (NYSE:PANW) by 287,000 shares in the quarter, leaving it with 922,141 shares, and cut its stake in Iac Interactivecorp (NASDAQ:IACI).

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. American Tower Corporation had 75 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, August 26 by Zacks. Cowen & Co maintained American Tower Corporation (NYSE:REIT) on Monday, October 23 with “Buy” rating. Argus Research maintained the shares of AMT in report on Thursday, August 3 with “Buy” rating. Zacks upgraded American Tower Corporation (NYSE:REIT) rating on Wednesday, August 12. Zacks has “Hold” rating and $113 target. The stock has “Overweight” rating by Morgan Stanley on Friday, March 16. KeyBanc Capital Markets maintained American Tower Corporation (NYSE:REIT) rating on Monday, November 27. KeyBanc Capital Markets has “Buy” rating and $177.0 target. The firm earned “Buy” rating on Friday, July 28 by Macquarie Research. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, November 14 report. The stock of American Tower Corporation (NYSE:REIT) earned “Overweight” rating by Morgan Stanley on Thursday, May 31. The stock of American Tower Corporation (NYSE:REIT) has “Buy” rating given on Tuesday, August 8 by Oppenheimer.

Since March 10, 2018, it had 0 insider buys, and 8 sales for $29.60 million activity. TAICLET JAMES D JR had sold 43,843 shares worth $6.25M on Monday, July 9. Sharma Amit sold 32,943 shares worth $4.57M. 14,223 shares were sold by DiSanto Edmund, worth $1.99 million. The insider THOMPSON SAMME L sold $512,246. HESS WILLIAM H sold 28,291 shares worth $4.11 million.

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

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