As Us Bancorp Del (USB) Stock Price Declined, Shareholder Atlantic Trust Group Decreased Stake; North Star Investment Management Increased Salem Media Group Cl A (SALM) Position by $327,908

May 20, 2018 - By Ash

U.S. Bancorp (NYSE:USB) Logo

North Star Investment Management Corp increased its stake in Salem Media Group Inc Cl A (SALM) by 70.62% based on its latest 2017Q4 regulatory filing with the SEC. North Star Investment Management Corp bought 81,977 shares as the company’s stock declined 11.76% with the market. The institutional investor held 198,052 shares of the consumer services company at the end of 2017Q4, valued at $891,000, up from 116,075 at the end of the previous reported quarter. North Star Investment Management Corp who had been investing in Salem Media Group Inc Cl A for a number of months, seems to be bullish on the $104.68 million market cap company. It closed at $4 lastly. It is up 46.04% since May 20, 2017 and is downtrending. It has underperformed by 57.59% the S&P500.

Atlantic Trust Group Llc decreased its stake in Us Bancorp Del (USB) by 0.69% based on its latest 2017Q4 regulatory filing with the SEC. Atlantic Trust Group Llc sold 19,036 shares as the company’s stock declined 8.45% with the market. The institutional investor held 2.76M shares of the major banks company at the end of 2017Q4, valued at $147.76 million, down from 2.78M at the end of the previous reported quarter. Atlantic Trust Group Llc who had been investing in Us Bancorp Del for a number of months, seems to be less bullish one the $83.03 billion market cap company. The stock decreased 1.17% or $0.6 during the last trading session, reaching $50.55. About 4.53M shares traded. U.S. Bancorp (NYSE:USB) has declined 4.48% since May 20, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

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 $1.64 billion for 12.64 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.

Atlantic Trust Group Llc, which manages about $23.58 billion US Long portfolio, upped its stake in Ishares Tr (IBB) by 42,738 shares to 63,380 shares, valued at $6.77M in 2017Q4, according to the filing. It also increased its holding in Micron Technology Inc (NASDAQ:MU) by 76,322 shares in the quarter, for a total of 83,405 shares, and has risen its stake in Royal Dutch Shell Plc.

Since February 20, 2018, it had 0 insider buys, and 5 sales for $9.81 million activity. The insider Parker P.W. sold $5.51 million. GODRIDGE LESLIE V also sold $1.35 million worth of U.S. Bancorp (NYSE:USB) shares. $750,528 worth of U.S. Bancorp (NYSE:USB) shares were sold by von Gillern Jeffry H.. Elmore John R. had sold 20,000 shares worth $1.10 million.

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 rating was maintained by Oppenheimer with “Hold” on Wednesday, July 19. The rating was upgraded by PiperJaffray on Friday, January 5 to “Overweight”. Keefe Bruyette & Woods maintained it with “Hold” rating and $5600 target in Wednesday, April 4 report. Jefferies maintained U.S. Bancorp (NYSE:USB) rating on Thursday, June 8. Jefferies has “Buy” rating and $5900 target. Jefferies maintained it with “Buy” rating and $63.0 target in Monday, January 8 report. The firm has “Hold” rating by UBS given on Tuesday, December 12. The firm has “Neutral” rating by Atlantic Securities given on Wednesday, December 21. The rating was maintained by Deutsche Bank on Wednesday, August 12 with “Hold”. Vining Sparks upgraded the stock to “Buy” rating in Friday, April 6 report. Keefe Bruyette & Woods maintained U.S. Bancorp (NYSE:USB) on Wednesday, April 18 with “Hold” rating.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.07, from 0.89 in 2017Q3. It is positive, 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. 35,902 were reported by Wetherby Asset Mgmt Inc. Sumitomo Life Insur holds 75,120 shares. Gotham Asset Limited Liability Corp accumulated 22,132 shares. Northeast Investment Mgmt has 1.13% invested in U.S. Bancorp (NYSE:USB). Riverpoint Mgmt Limited Liability Corporation, Ohio-based fund reported 31,878 shares. Pennsylvania Tru reported 0.77% stake. Wright Investors Ser reported 53,214 shares. Lenox Wealth Mgmt owns 2,083 shares for 0.03% of their portfolio. Korea Investment Corp, Korea-based fund reported 984,786 shares. Peddock Advisors Ltd Liability has invested 0% in U.S. Bancorp (NYSE:USB). Cubist Systematic Strategies Limited Liability Corporation has invested 0.42% in U.S. Bancorp (NYSE:USB). Welch Forbes Limited Liability Corp holds 368,185 shares. Baker Boyer Financial Bank holds 2.18% or 13,527 shares in its portfolio. Srb owns 3,686 shares or 0.03% of their US portfolio. Schulhoff Inc holds 3.63% or 120,766 shares in its portfolio.

North Star Investment Management Corp, which manages about $824.65M US Long portfolio, decreased its stake in Build A Bear Workshop Com (NYSE:BBW) by 80,235 shares to 276,665 shares, valued at $2.55 million in 2017Q4, according to the filing. It also reduced its holding in Jpmorgan Chase & Co Com (NYSE:JPM) by 3,311 shares in the quarter, leaving it with 281,274 shares, and cut its stake in Orchids Paper Prods Co Del Com (NYSEMKT:TIS).

Investors sentiment increased to 1.76 in Q4 2017. Its up 0.59, from 1.17 in 2017Q3. It improved, as 9 investors sold SALM shares while 12 reduced holdings. 16 funds opened positions while 21 raised stakes. 7.97 million shares or 1.03% more from 7.88 million shares in 2017Q3 were reported. Thompson Siegel And Walmsley Ltd Limited Liability Company invested in 3,400 shares. Moreover, Schwab Charles has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 26,700 shares. Ameritas Inc owns 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 861 shares. Jpmorgan Chase reported 0% in Salem Media Group, Inc. (NASDAQ:SALM). California Employees Retirement Sys holds 0% or 39,300 shares in its portfolio. Millennium Mgmt Limited Liability Company reported 56,221 shares. Invesco Ltd invested in 0% or 30,758 shares. Strs Ohio has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Atria Invests Ltd reported 0% stake. Fincl Bank Of Ny Mellon Corp has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Gamco Invsts Incorporated Et Al holds 0.03% or 983,700 shares. Wells Fargo & Mn invested 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM). Blackrock owns 886,402 shares or 0% of their US portfolio. North Star Invest Management owns 198,052 shares or 0.11% of their US portfolio. Bridgeway Cap Management Inc holds 0.02% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM) for 322,552 shares.

Another recent and important Salem Media Group, Inc. (NASDAQ:SALM) news was published by Seekingalpha.com which published an article titled: “Salem Media Group, Inc. (SALM) CEO Edward Atsinger on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018.

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

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