Analysts Issue Forecasts for US Bancorp's Q1 2018 Earnings (USB)

Tuesday, 13 Mar, 2018

Riverpoint Capital Management Llc, a Ohio-based fund reported 503,716 shares. The institutional investor held 2,000 shares of the integrated oil company at the end of 2017Q3, valued at $100,000, down from 8,047 at the end of the previous reported quarter. Evanston Investments Inc Dba Evanston Advisors who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $22.14B market cap company. The stock decreased 0.60% or $0.53 during the last trading session, reaching $88.19. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since March 12, 2017 and is uptrending. It has outperformed by 73.97% the S&P500.

Highstreet Asset Management Inc decreased Us Bancorp (USB) stake by 54.5% reported in 2017Q3 SEC filing. Archford Capital Strategies Llc acquired 19,301 shares as Us Bancorp Del Com (USB)'s stock declined 6.89%. The institutional investor held 2,672 shares of the major banks company at the end of 2017Q3, valued at $412,000, down from 6,627 at the end of the previous reported quarter. U.S. Bancorp New Common now has $91.26 billion valuation.

Shares of U.S. Bancorp (USB) traded down $0.13 during trading hours on Monday, hitting $55.15. About 3.57 million shares traded.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. It has outperformed by 17.16% the S&P500.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 28% are positive. Jefferies Group reissued a "buy" rating and issued a $63.00 target price on shares of U.S. Bancorp in a report on Monday, January 8th. The rating was downgraded by Deutsche Bank to "Hold" on Tuesday, April 26. Keefe Bruyette & Woods maintained U.S. Bancorp (NYSE:USB) on Wednesday, September 13 with "Hold" rating. The firm earned "Outperform" rating on Friday, August 12 by FBR Capital. (NASDAQ:MYL), 15 have Buy rating, 0 Sell and 7 Hold. The firm has "Sector Perform" rating given on Friday, January 22 by RBC Capital Markets. Robert W. Baird maintained the shares of ABC in report on Monday, November 6 with "Buy" rating. The stock of QVC Group (NASDAQ:QVCA) earned "Sell" rating by Citigroup on Thursday, September 28.

Investors sentiment increased to 0.96 in Q3 2017. Its down 0.01, from 0.9 in 2017Q2. It worsened, as 61 investors sold USB shares while 441 reduced holdings.

Other hedge funds also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft Fi stated it has 267,432 shares. Mitsubishi Ufj Tru And Banking Corp holds 3.55M shares or 0.35% of its portfolio. Brown Brothers Harriman has 19.16M shares. Assetmark holds 0% or 802 shares in its portfolio. Ashfield Capital Prtn Limited Liability invested 0.21% in U.S. Bancorp (NYSE:USB). Beacon Fincl owns 7,999 shares for 0.08% of their portfolio. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. Beck Mack Oliver reported 436,980 shares. UBS Group cut U.S. Bancorp from a "buy" rating to a "neutral" rating and increased their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 12th. Canada Pension Plan Inv Board accumulated 282,493 shares or 0.02% of the stock. Usca Ria Lc reported 45,207 shares or 0.3% of all its holdings. Sivik Glob Limited Company accumulated 165,000 shares. Delphi Management Ma has 1.45% invested in U.S. Bancorp (NYSE:USB) for 48,402 shares. Finally, Northwest Quadrant Wealth Management LLC grew its stake in U.S. Bancorp by 0.5% in the second quarter. It also reduced Vanguard Industrial Index (VIS) stake by 68,451 shares and now owns 19,213 shares. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. During the same quarter in the prior year, the firm earned $0.82 earnings per share. USB's profit will be $1.55 billion for 14.63 P/E if the $0.94 EPS becomes a reality. Truepoint Inc. boosted its position in shares of U.S. Bancorp by 5,417.9% during the third quarter.

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $45,923 activity. The insider Kelligrew James B sold $1.10M. About 145,570 shares traded. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Therefore 96% are positive. First Financial Bancorp had 30 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 20 by Needham. The rating was upgraded by Nomura to "Buy" on Thursday, December 7. On Thursday, August 20 the stock rating was initiated by Sterne Agee CRT with "Neutral". The company was maintained on Friday, October 20 by Keefe Bruyette & Woods. Cowen & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Wednesday, October 21 with "Outperform" rating. The company was upgraded on Wednesday, January 13 by Deutsche Bank.

Investors sentiment is 1.02 in Q3 2017. Its down 0.08, from 0.71 in 2017Q2. Los Angeles Capital Mngmt & Equity invested 0.01% in First Financial Bancorp. Winslow Evans & Crocker reported 1,744 shares. Retirement System Of Alabama owns 770,973 shares. Hengehold Capital Mngmt Limited invested in 66,335 shares or 0.94% of the stock. Bnp Paribas Arbitrage Sa has 0.03% invested in Lam Research Corporation (NASDAQ:LRCX). Landscape Capital Mgmt Ltd Liability Corporation invested 0.25% in LKQ Corporation (NASDAQ:LKQ). Vision Management Incorporated stated it has 10,538 shares. The Rafferty Asset Management Llc holds 264,854 shares with $14.19 million value, up from 235,164 last quarter. Essex Svcs reported 1.5% stake. Kj Harrison Prns owns 5,000 shares or 0.13% of their USA portfolio. Texas Permanent School Fund invested in 0.04% or 85,595 shares. 90 were accumulated by Daiwa Sb Ltd. Janney Montgomery Scott Lc holds 99,817 shares.