U.S. Bancorp (NYSE:USB).
Baird Financial Group, Inc. raised its ownership in U.S. Bancorp by 0.0% as reported in a filing on 11/15/2017. Its stake was worth $70,743,000 an increase of $2,235,000 as of the end of the quarter.
Baird Financial Group, Inc. isn’t the only one who has changed their investment in USB. Tredje Ap-fonden grew its stake by buying 26,100 shares an increase of 19.1% as of 09/30/2017. Tredje Ap-fonden controls 162,900 shares valued at $8,779,000. The total value of its holdings increased 22.9%. As of quarter end Baird Financial Group, Inc. had bought a total of 585 shares growing its position 0.0%. The value of the investment in USB went from $68,508,000 to $70,743,000 a change of 3.3% quarter over quarter.
Baird Financial Group, Inc. bolstered its investment by buying 585 shares an increase of 0.0% in the quarter. Baird Financial Group, Inc. currently owns 1,320,070 shares worth $70,743,000. The value of the position overall is up by 3.3%. Greenleaf Trust downsized its holdings by selling 2,285 shares a decrease of 1.3% from 06/30/2017 to 09/30/2017. Greenleaf Trust now holds 168,154 shares with a value of $9,011,000. The value of the position overall is up by 1.8%.
Beacon Investment Advisory Services, Inc. added to its position by buying 190,490 shares an increase of 4,770.6%. Beacon Investment Advisory Services, Inc. claims 194,483 shares worth $10,423,000. The total value of its holdings increased 4,935.3%.
J P Morgan Chase & Co lowered the price target of the stock on November 1 changing the price objective from $55.50 to $50.00 and stated a “Neutral” rating. Equity analyst Nomura raised the price target on October 23 boosting the projection from $55.00 to $57.00 and issued a “Neutral” rating.
October 19 investment analysts at Oppenheimer Holdings kept a “Hold” rating on the company. Equity analyst Morgan Stanley raised the price target on October 19 changing the forecast from $51.00 to $55.00 and issued a “Underweight” recommendation.
On October 12 Jefferies Group LLC made no change to the stock rating of “Buy” targeting a price of $62.00. October 9 investment analysts at Citigroup kept the company rating at “Neutral” projecting a price of $58.00.
The company is so far trading up since yesterday’s close of 51.83. The most current P/E ratio is 15.43 and market cap is 86.09B. In the last earnings report the EPS was $3.36 with 1.66B shares now outstanding.
Traders are more bullish on shares of the company recently as evidenced by the downtick in short interest. The firm realized a fall in short interest of -5.12% as of the latest report on October 13, 2017. Short interest decreased 830,522 over that period. Days to cover decreased from 3.0 to 3.0 and the percentage of shorted shares is 0.01% as of October 13.