Invesco Municipal Trust (VKQ) At $11.76 Forms Bottom; Cs Mckee LP Lowered Its Us Bancorp Del (USB) Stake

May 16, 2018 - By Martha Paddon

U.S. Bancorp (NYSE:USB) Logo

Cs Mckee Lp decreased Us Bancorp Del (USB) stake by 4.18% reported in 2017Q4 SEC filing. Cs Mckee Lp sold 5,800 shares as Us Bancorp Del (USB)’s stock declined 8.45%. The Cs Mckee Lp holds 132,971 shares with $7.13 million value, down from 138,771 last quarter. Us Bancorp Del now has $83.96 billion valuation. The stock decreased 0.12% or $0.06 during the last trading session, reaching $51.12. About 6.92 million shares traded or 3.19% up from the average. U.S. Bancorp (NYSE:USB) has declined 4.48% since May 16, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Invesco Municipal Trust (VKQ) formed multiple bottom with $11.17 target or 5.00% below today’s $11.76 share price. Invesco Municipal Trust (VKQ) has $650.57M valuation. The stock decreased 0.25% or $0.03 during the last trading session, reaching $11.76. About 77,368 shares traded. Invesco Municipal Trust (NYSE:VKQ) has declined 6.42% since May 16, 2017 and is downtrending. It has underperformed by 17.97% the S&P500.

More recent U.S. Bancorp (NYSE:USB) news were published by: 247Wallst.com which released: “US Bancorp May Have a Serious Valuation Issue” on April 19, 2018. Also Streetinsider.com published the news titled: “Buffett’s Berkshire 13F Confirms Increase in Apple (AAPL) Stake Along with Increase in Holdings of Teva (TEVA) (More…)” on May 15, 2018. Streetinsider.com‘s news article titled: “Berkshire doubles Teva stake, adds to Apple, ends a newspaper bet” with publication date: May 15, 2018 was also an interesting one.

Since February 20, 2018, it had 0 insider purchases, and 5 sales for $9.81 million activity. 24,500 shares valued at $1.35M were sold by GODRIDGE LESLIE V on Friday, February 23. $1.10 million worth of U.S. Bancorp (NYSE:USB) was sold by Kelligrew James B on Friday, February 23. 13,641 shares were sold by von Gillern Jeffry H., worth $750,528. Parker P.W. also sold $5.51 million worth of U.S. Bancorp (NYSE:USB) on Tuesday, February 20. On Friday, February 23 the insider Elmore John R. sold $1.10M.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on July, 18. 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 $1.64B for 12.78 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.

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 has $64.0 highest and $19.0 lowest target. $54.85’s average target is 7.30% above currents $51.12 stock price. U.S. Bancorp had 96 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Thursday, January 19 by Wedbush. Jefferies maintained U.S. Bancorp (NYSE:USB) on Thursday, June 8 with “Buy” rating. The stock of U.S. Bancorp (NYSE:USB) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 18. UBS initiated the stock with “Buy” rating in Wednesday, January 11 report. The company was initiated on Tuesday, March 22 by Societe Generale. As per Thursday, December 1, the company rating was downgraded by Susquehanna. The rating was upgraded by Vining Sparks on Friday, April 6 to “Buy”. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. Jefferies maintained the shares of USB in report on Friday, September 15 with “Buy” rating. The stock of U.S. Bancorp (NYSE:USB) earned “Overweight” rating by Atlantic Securities on Monday, March 14.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.07, from 0.89 in 2017Q3. It improved, as 38 investors sold USB shares while 462 reduced holdings. 118 funds opened positions while 361 raised stakes. 1.18 billion shares or 1.20% less from 1.20 billion shares in 2017Q3 were reported. Richard Bernstein Advsr Ltd Liability reported 151,354 shares. State Treasurer State Of Michigan has 0.48% invested in U.S. Bancorp (NYSE:USB) for 1.13M shares. Moreover, Arcadia Inv Corp Mi has 0.02% invested in U.S. Bancorp (NYSE:USB). Kentucky Retirement Sys has 0.37% invested in U.S. Bancorp (NYSE:USB) for 97,219 shares. Arete Wealth Advsr Ltd Llc holds 0.1% of its portfolio in U.S. Bancorp (NYSE:USB) for 5,677 shares. Barnett & stated it has 3,340 shares or 0.09% of all its holdings. The Ohio-based Boyd Watterson Asset Mgmt Oh has invested 0.39% in U.S. Bancorp (NYSE:USB). Us Bank & Trust De stated it has 2.22% of its portfolio in U.S. Bancorp (NYSE:USB). Raymond James Tru Na has invested 0.19% of its portfolio in U.S. Bancorp (NYSE:USB). Calamos Advisors Lc reported 0% of its portfolio in U.S. Bancorp (NYSE:USB). Spinnaker Tru, Maine-based fund reported 5,314 shares. Sii Investments Wi holds 0.1% or 18,364 shares in its portfolio. Bp Public Limited Liability Corporation owns 183,000 shares. Truepoint reported 53,720 shares or 0.27% of all its holdings. Chevy Chase Trust Holding stated it has 0.35% in U.S. Bancorp (NYSE:USB).

Investors sentiment increased to 1.38 in 2017 Q4. Its up 0.34, from 1.04 in 2017Q3. It increased, as 5 investors sold Invesco Municipal Trust shares while 16 reduced holdings. 16 funds opened positions while 13 raised stakes. 4.85 million shares or 0.52% more from 4.83 million shares in 2017Q3 were reported. Wells Fargo & Company Mn holds 520,612 shares or 0% of its portfolio. Private Advisor Gp Limited Com holds 0.01% or 15,786 shares in its portfolio. Cap Invest Advisors Ltd Liability owns 0.04% invested in Invesco Municipal Trust (NYSE:VKQ) for 44,696 shares. Moreover, Bluecrest Capital Mngmt Limited has 0.02% invested in Invesco Municipal Trust (NYSE:VKQ). Evercore Wealth Mgmt Ltd Liability Co owns 2,000 shares for 0% of their portfolio. New York-based Oppenheimer & has invested 0.01% in Invesco Municipal Trust (NYSE:VKQ). Invesco holds 57,684 shares or 0% of its portfolio. James Investment Rech reported 0% stake. Cambridge Invest Rech Advisors has 66,547 shares. 44,492 are owned by Northwestern Mutual Wealth Management Co. Us Savings Bank De, Minnesota-based fund reported 6,438 shares. Cetera Advisor Networks Limited Liability Co stated it has 39,317 shares. Raymond James & Associates reported 82,082 shares. Karpus Mngmt owns 43,446 shares for 0.03% of their portfolio. Ohio-based Stratos Wealth Ptnrs Ltd has invested 0% in Invesco Municipal Trust (NYSE:VKQ).

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