The stock of U.S. Bancorp (NYSE:USB) reached all time high today, Nov, 10 and still has $75.84 target or 60.00% above today’s $47.40 share price. This indicates more upside for the $83.59B company. This technical setup was reported by Barchart.com. If the $75.84 PT is reached, the company will be worth $50.15 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 6.34 million shares traded hands. U.S. Bancorp (NYSE:USB) has risen 18.51% since April 8, 2016 and is uptrending. It has outperformed by 12.86% 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. On Friday, January 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, January 19. Robert W. Baird downgraded the shares of USB in a report on Thursday, April 21 to “Neutral” rating. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 12 report. The company was upgraded on Tuesday, August 25 by Portales Partners. JP Morgan maintained the shares of USB in a report on Thursday, April 7 with “Neutral” rating. Stephens downgraded U.S. Bancorp (NYSE:USB) on Tuesday, March 8 to “Equal-Weight” rating. On Friday, August 28 the stock rating was upgraded by Guggenheim to “Buy”. The stock has “Neutral” rating given by Guggenheim on Wednesday, April 6. Robert W. Baird upgraded it to “Outperform” rating and $45 target price in Thursday, January 14 report.
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 2016 Q2. Its down 0.16, from 1.15 in 2016Q1. The ratio dived, 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.
The Massachusetts-based Boston Advsr Ltd Liability Co has invested 0.02% in U.S. Bancorp (NYSE:USB). Thrivent Financial For Lutherans, a Minnesota-based fund reported 92,156 shares. Massmutual Trust Fsb Adv last reported 0% of its portfolio in the stock. Fic Cap has 15,380 shares for 0.29% of their US portfolio. D L Carlson Inv Grp Inc holds 106,682 shares or 1.54% of its portfolio. Great Lakes Advsrs Ltd last reported 67,131 shares in the company. Moreover, Stephens Inc Ar has 0.23% invested in U.S. Bancorp (NYSE:USB) for 130,307 shares. The Ohio-based Sequoia Fincl Advisors Ltd Llc has invested 0.09% in U.S. Bancorp (NYSE:USB). Moreover, State Of Tennessee Treasury Department has 0.35% invested in U.S. Bancorp (NYSE:USB) for 1.73M shares. First Comml Bank Of Omaha has invested 1.88% of its portfolio in U.S. Bancorp (NYSE:USB). Diversified Trust Communications holds 0.3% of its portfolio in U.S. Bancorp (NYSE:USB) for 65,401 shares. City Holdg Communication has 26,890 shares for 0.48% of their US portfolio. Cohen Capital Mgmt holds 5,000 shares or 0.06% of its portfolio. Gemmer Asset Limited Liability Company accumulated 0.02% or 1,092 shares. Waldron Limited Partnership accumulated 9,160 shares or 0.16% of the stock.
Insider Transactions: Since May 18, 2016, the stock had 0 insider purchases, and 16 insider sales for $45.13 million net activity. Another trade for 5,000 shares valued at $210,150 was sold by DOLAN TERRANCE R. 54,635 shares were sold by CARLSON JENNIE P, worth $2.41 million on Monday, October 24. The insider Stone Kent V. sold $1.26M. 400 shares were sold by Gifford Craig E, worth $16,692 on Wednesday, May 18. von Gillern Jeffry H. also sold $4.32 million worth of U.S. Bancorp (NYSE:USB) shares. The insider COLLINS ARTHUR D JR sold 35,845 shares worth $1.58 million. The insider Elmore John R. sold 40,000 shares worth $1.75M.
More notable recent U.S. Bancorp (NYSE:USB) news were published by: Forbes.com which released: “U.S. Bancorp Reaches Analyst Target Price” on November 10, 2016, also Businesswire.com with their article: “U.S. Bancorp to Speak at the Bank of America Merrill Lynch Future of …” published on November 09, 2016, Startribune.com published: “US Bancorp’s Richard Davis says banks are still fighting for their reputation” on October 19, 2016. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Wsj.com and their article: “US Bancorp Profit Rises on Increased Mortgage Refinancing” published on October 19, 2016 as well as Seekingalpha.com‘s news article titled: “U.S. Bancorp Paddling Around Waiting For The Wave To Come” with publication date: October 20, 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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