Us Bancorp Com (New) (USB) Shares Declined While Baltimore-Washington Financial Advisors Has Decreased by $841,269 Its Holding; Commerce Bank Has Lowered Holding in Kar Auction Svcs (KAR) by $11.59 Million

February 19, 2018 - By Marie Mckinney

Baltimore-Washington Financial Advisors Inc decreased its stake in Us Bancorp Com (New) (USB) by 9.81% based on its latest 2017Q3 regulatory filing with the SEC. Baltimore-Washington Financial Advisors Inc sold 15,873 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 145,962 shares of the major banks company at the end of 2017Q3, valued at $7.82 million, down from 161,835 at the end of the previous reported quarter. Baltimore-Washington Financial Advisors Inc who had been investing in Us Bancorp Com (New) for a number of months, seems to be less bullish one the $92.09B market cap company. The stock increased 0.93% or $0.51 during the last trading session, reaching $55.61. About 6.22M shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since February 19, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.

Commerce Bank decreased its stake in Kar Auction Svcs Inc (KAR) by 81.48% based on its latest 2017Q3 regulatory filing with the SEC. Commerce Bank sold 246,496 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 56,029 shares of the consumer durables company at the end of 2017Q3, valued at $2.68M, down from 302,525 at the end of the previous reported quarter. Commerce Bank who had been investing in Kar Auction Svcs Inc for a number of months, seems to be less bullish one the $7.04 billion market cap company. The stock increased 1.01% or $0.52 during the last trading session, reaching $52.02. About 1.30M shares traded or 64.49% up from the average. KAR Auction Services, Inc. (NYSE:KAR) has risen 7.49% since February 19, 2017 and is uptrending. It has underperformed by 9.21% the S&P500.

Investors sentiment decreased to 1.33 in 2017 Q3. Its down 0.04, from 1.37 in 2017Q2. It dived, as 25 investors sold KAR shares while 87 reduced holdings. 48 funds opened positions while 101 raised stakes. 129.67 million shares or 1.77% less from 132.02 million shares in 2017Q2 were reported. Cibc Ww Inc holds 4,640 shares. Washington Trust, a Rhode Island-based fund reported 251,958 shares. Bancorporation Of New York Mellon Corporation accumulated 0.02% or 1.56 million shares. Massachusetts-based Boston Partners has invested 0.04% in KAR Auction Services, Inc. (NYSE:KAR). Wellington Management Grp Incorporated Llp reported 1.40 million shares stake. Moreover, Legal & General Public Limited Co has 0% invested in KAR Auction Services, Inc. (NYSE:KAR). Thrivent Fin For Lutherans reported 311,110 shares or 0.05% of all its holdings. Advsrs Asset Mngmt Inc stated it has 0% in KAR Auction Services, Inc. (NYSE:KAR). Tdam Usa Inc stated it has 0.11% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). California Pub Employees Retirement stated it has 0.02% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Engineers Gate Manager Lp invested in 37,953 shares or 0.15% of the stock. Renaissance Limited Liability owns 938,700 shares or 0.05% of their US portfolio. Putnam Invs Ltd stated it has 111,741 shares. Opus Capital Gru Ltd Liability Co has 0.06% invested in KAR Auction Services, Inc. (NYSE:KAR) for 5,109 shares. California State Teachers Retirement invested in 0.02% or 220,817 shares.

Analysts await KAR Auction Services, Inc. (NYSE:KAR) to report earnings on February, 20. They expect $0.52 EPS, up 15.56% or $0.07 from last year’s $0.45 per share. KAR’s profit will be $70.33M for 25.01 P/E if the $0.52 EPS becomes a reality. After $0.57 actual EPS reported by KAR Auction Services, Inc. for the previous quarter, Wall Street now forecasts -8.77% negative EPS growth.

Commerce Bank, which manages about $7.36B US Long portfolio, upped its stake in Baxter Intl Inc (NYSE:BAX) by 18,879 shares to 63,630 shares, valued at $3.99M in 2017Q3, according to the filing. It also increased its holding in Air Prods & Chems Inc (NYSE:APD) by 7,859 shares in the quarter, for a total of 34,553 shares, and has risen its stake in Ishares Tr (IYM).

Among 9 analysts covering KAR Auction Services (NYSE:KAR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. KAR Auction Services had 24 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Monday, October 30. The stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Buy” rating by Robert W. Baird on Tuesday, October 3. The stock has “Buy” rating by Jefferies on Thursday, October 12. The firm has “Buy” rating by Zacks given on Wednesday, September 2. The stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given on Monday, August 24 by Zacks. The firm has “Buy” rating by Gabelli given on Friday, April 7. Zacks upgraded the stock to “Hold” rating in Friday, August 21 report. The stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Hold” rating by Zacks on Thursday, August 27. The rating was initiated by Susquehanna on Friday, August 26 with “Positive”. The company was maintained on Wednesday, July 19 by Jefferies.

Baltimore-Washington Financial Advisors Inc, which manages about $451.99M and $440.32M US Long portfolio, upped its stake in Laboratory Corp Of America Com (NYSE:LH) by 2,366 shares to 48,331 shares, valued at $7.30 million in 2017Q3, according to the filing. It also increased its holding in Omega Healthcare Investors Inc Com (NYSE:OHI) by 12,690 shares in the quarter, for a total of 244,212 shares, and has risen its stake in Alibaba Group Hldg Ltd Adr (NYSE:BABA).

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