The stock of U.S. Bancorp (NYSE:USB) hit a new 52-week high and has $61.23 target or 32.00% above today’s $46.39 share price. The 9 months bullish chart indicates low risk for the $78.95 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $61.23 price target is reached, the company will be worth $25.26 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 7.29M shares traded hands or 4.14% up from the average. U.S. Bancorp (NYSE:USB) has risen 15.04% since April 7, 2016 and is uptrending. It has outperformed by 10.26% the S&P500.
U.S. Bancorp (NYSE:USB) Ratings Coverage
Out of 19 analysts covering U.S. Bancorp (NYSE:USB), 7 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 37% are positive. U.S. Bancorp has been the topic of 36 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, April 7 by JP Morgan. Deutsche Bank downgraded U.S. Bancorp (NYSE:USB) on Tuesday, April 26 to “Hold” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 19 report. The firm earned “Outperform” rating on Thursday, October 20 by RBC Capital Markets. The stock of U.S. Bancorp (NYSE:USB) earned “Buy” rating by Guggenheim on Friday, August 28. The rating was initiated by Societe Generale with “Buy” on Tuesday, March 22. The stock of U.S. Bancorp (NYSE:USB) earned “Buy” rating by Deutsche Bank on Wednesday, January 13. On Tuesday, August 25 the stock rating was upgraded by Portales Partners to “Sector Perform”. The rating was downgraded by Guggenheim to “Neutral” on Wednesday, April 6. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 22.
According to Zacks Investment Research, “U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.16, from 1.15 in 2016Q1. The ratio fall, as 60 funds sold all U.S. Bancorp shares owned while 406 reduced positions. 61 funds bought stakes while 401 increased positions. They now own 1.22 billion shares or 0.34% less from 1.23 billion shares in 2016Q1.
Coldstream Capital Mngmt has 0.4% invested in the company for 56,569 shares. Cincinnati Specialty Underwriters Insurance, a Ohio-based fund reported 78,500 shares. Tru Of Toledo Na Oh, a Ohio-based fund reported 9,853 shares. Regent Invest Llc holds 16,137 shares or 0.35% of its portfolio. First Niagara Retail Bank owns 12,585 shares or 0.14% of their US portfolio. Blair William & Company Il accumulated 238,848 shares or 0.09% of the stock. Finemark Bank & Trust & accumulated 37,501 shares or 0.17% of the stock. The Massachusetts-based Loomis Sayles & Limited Partnership has invested 0.06% in U.S. Bancorp (NYSE:USB). Murphy Pohlad Asset Mgmt Limited Com accumulated 0.22% or 7,352 shares. Bb&T Secs Ltd Liability Corp accumulated 0.11% or 169,835 shares. Point72 Asia (Hong Kong) last reported 4,500 shares in the company. Invest Prtn Oh Adv owns 6,196 shares or 0.25% of their US portfolio. Courier Capital reported 14,897 shares or 0.12% of all its holdings. Naples Glob Ltd Co holds 0.48% of its portfolio in U.S. Bancorp (NYSE:USB) for 29,148 shares. Pictet Natl Bank & Tru holds 71,680 shares or 1.11% of its portfolio.
Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 15 selling transactions for $45.10 million net activity. $1.58M worth of shares were sold by COLLINS ARTHUR D JR on Thursday, October 20. SCHNUCK CRAIG D had sold 16,544 shares worth $728,101 on Wednesday, October 26. 54,635 U.S. Bancorp (NYSE:USB) shares with value of $2.41M were sold by CARLSON JENNIE P. CECERE ANDREW sold $18.67M worth of stock. 102,961 shares with value of $4.32 million were sold by von Gillern Jeffry H. on Friday, July 22. KIRTLEY OLIVIA F sold 1,454 shares worth $62,333. Shares for $119,340 were sold by DOLAN TERRANCE R on Thursday, November 3.
More important recent U.S. Bancorp (NYSE:USB) news were published by: Startribune.com which released: “US Bancorp’s Richard Davis says banks are still fighting for their reputation” on October 19, 2016, also Wsj.com published article titled: “US Bancorp Profit Rises on Increased Mortgage Refinancing”, Seekingalpha.com published: “U.S. Bancorp Paddling Around Waiting For The Wave To Come” on October 20, 2016. More interesting news about U.S. Bancorp (NYSE:USB) was released by: Nasdaq.com and their article: “U.S. Bancorp’s Series H Preferred Stock Shares Cross 5% Yield Mark” with publication date: November 01, 2016.
USB Company Profile
U.S. Bancorp, incorporated on April 2, 1929, is a multi-state financial services holding company. The Firm operates through its banking subsidiary, U.S. Bank National Association, which is engaged in the general banking business in domestic markets. The Firm provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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