Banque Pictet & Cie Sa Has Cut Us Bancorp Del (USB) Holding as Stock Value Declined; Quinn Opportunity Partners Increases Position in Pitney Bowes (PBI)

U.S. Bancorp (NYSE:USB) Logo

Banque Pictet & Cie Sa decreased its stake in Us Bancorp Del (USB) by 18.9% based on its latest 2019Q1 regulatory filing with the SEC. Banque Pictet & Cie Sa sold 9,580 shares as the company’s stock declined 0.24% while stock markets rallied. The institutional investor held 41,101 shares of the major banks company at the end of 2019Q1, valued at $1.98M, down from 50,681 at the end of the previous reported quarter. Banque Pictet & Cie Sa who had been investing in Us Bancorp Del for a number of months, seems to be less bullish one the $84.67 billion market cap company. The stock increased 0.53% or $0.28 during the last trading session, reaching $53.18. About 3.74 million shares traded. U.S. Bancorp (NYSE:USB) has declined 0.76% since June 11, 2018 and is downtrending. It has underperformed by 5.19% the S&P500.

Quinn Opportunity Partners Llc increased its stake in Pitney Bowes Inc (PBI) by 61.22% based on its latest 2019Q1 regulatory filing with the SEC. Quinn Opportunity Partners Llc bought 68,000 shares as the company’s stock declined 28.92% while stock markets rallied. The institutional investor held 179,074 shares of the office equipment and supplies and services company at the end of 2019Q1, valued at $1.23 million, up from 111,074 at the end of the previous reported quarter. Quinn Opportunity Partners Llc who had been investing in Pitney Bowes Inc for a number of months, seems to be bullish on the $798.81 million market cap company. The stock increased 2.79% or $0.12 during the last trading session, reaching $4.42. About 2.97M shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 44.31% since June 11, 2018 and is downtrending. It has underperformed by 48.74% the S&P500. Some Historical PBI News: 06/03/2018 – PITNEY BOWES – BOARD & MANAGEMENT TEAM TO CONTINUE TO EVALUATE INCREMENTAL STRATEGIC ACTIONS AROUND PORTFOLIO & CAPITAL ALLOCATION; 30/04/2018 – Pitney Bowes To Use Majority of Proceeds to Pay Down Debt; 02/05/2018 – Pitney Bowes 1Q Rev $983.2M; 06/03/2018 – Pitney Bowes Updates Review of Strategic Alternatives; 04/05/2018 – Pitney Bowes to Showcase Innovative Shipping and Mailing Solutions at National Postal Forum; 15/05/2018 – Pitney Bowes Document Messaging Technologies and HP Reaffirm Global Strategic Alliance for Print to Mail Solutions; 28/03/2018 – Prometic Reports Positive Clinical Data From Ongoing PBI-4050 Study in Alström Syndrome Patients; 03/05/2018 – MOODY’S SAYS PITNEY BOWES’ PLAN TO REPAY ROUGHLY $700M OR MORE; 06/03/2018 – Pitney Bowes: Execution of Strategic Plan Creates Greater Shareholder Value Than Selling Co Now; 01/05/2018 – Pitney Bowes and eBay Renew Partnership to Help Millions of eBay Sellers Reach Buyers Internationally

Banque Pictet & Cie Sa, which manages about $5.21 billion US Long portfolio, upped its stake in Netflix Inc (NASDAQ:NFLX) by 11,980 shares to 65,970 shares, valued at $23.52 million in 2019Q1, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 77,258 shares in the quarter, for a total of 1.37M shares, and has risen its stake in Royal Caribbean Cruises Ltd (NYSE:RCL).

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Usatoday.com which released: “Warren Buffett & Berkshire Hathaway make key changes to 2019 stock picks – USA TODAY” on May 15, 2019, also Finance.Yahoo.com with their article: “Is Charter Communications, Inc. (CHTR) A Good Stock To Buy? – Yahoo Finance” published on June 10, 2019, Finance.Yahoo.com published: “Hedge Funds Have Never Been This Bullish On Bristol Myers Squibb Company (BMY) – Yahoo Finance” on June 05, 2019. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Finance.Yahoo.com and their article: “Were Hedge Funds Right About Flocking Into U.S. Bancorp (USB) ? – Yahoo Finance” published on June 07, 2019 as well as Fool.com‘s news article titled: “Warren Buffett: His Best Investing Strategies, Stocks, and Advice – Motley Fool” with publication date: May 31, 2019.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on July, 17 before the open. They expect $1.07 EPS, up 4.90% or $0.05 from last year’s $1.02 per share. USB’s profit will be $1.70B for 12.43 P/E if the $1.07 EPS becomes a reality. After $1.00 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 7.00% EPS growth.

Investors sentiment increased to 1.03 in 2019 Q1. Its up 0.18, from 0.85 in 2018Q4. It increased, as 36 investors sold USB shares while 420 reduced holdings. 116 funds opened positions while 354 raised stakes. 1.15 billion shares or 1.52% less from 1.17 billion shares in 2018Q4 were reported. First Merchants Corporation invested 0.23% in U.S. Bancorp (NYSE:USB). Moreover, Kemnay Advisory Svcs has 0.14% invested in U.S. Bancorp (NYSE:USB) for 13,702 shares. Regent Invest Mngmt Limited Liability Co reported 14,990 shares stake. Blue Chip Ptnrs Inc invested in 148,909 shares. 1.41M are held by Renaissance Technologies Limited Liability Corporation. Orleans Mngmt Corporation La reported 2.24% of its portfolio in U.S. Bancorp (NYSE:USB). Norris Perne French Llp Mi has invested 0.06% of its portfolio in U.S. Bancorp (NYSE:USB). Andra Ap holds 0.12% or 88,700 shares. Cohen Capital Mngmt invested in 5,000 shares. Auxier Asset Mngmt has invested 0.14% of its portfolio in U.S. Bancorp (NYSE:USB). Tompkins Fincl Corporation holds 12,086 shares. Stillwater Inv Management Ltd Com owns 33,624 shares. Terril Brothers Inc holds 0.18% or 11,964 shares. Camarda Fincl Ltd Company, Florida-based fund reported 66 shares. Telemus Ltd Co accumulated 8,231 shares.

Since February 4, 2019, it had 0 insider buys, and 1 insider sale for $758,956 activity.

More notable recent Pitney Bowes Inc. (NYSE:PBI) news were published by: Benzinga.com which released: “Earnings Scheduled For February 5, 2019 – Benzinga” on February 05, 2019, also Nasdaq.com with their article: “Why Pitney Bowes Stock Fell More Than 16% in August – Nasdaq” published on September 04, 2018, Seekingalpha.com published: “Pitney Bowes reaffirmed FY2018 guidance – Seeking Alpha” on November 01, 2018. More interesting news about Pitney Bowes Inc. (NYSE:PBI) were released by: Businesswire.com and their article: “Pitney Bowes Named a Most Effectively Managed Company by The Drucker Institute Management Top 250 – Business Wire” published on December 04, 2018 as well as Finance.Yahoo.com‘s news article titled: “10 Small-Cap Stocks That Look Like Bargains – Yahoo Finance” with publication date: May 22, 2019.

Since May 3, 2019, it had 1 buying transaction, and 0 sales for $20,592 activity.

Pitney Bowes Inc. (NYSE:PBI) Institutional Positions Chart

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