The stock of U.S. Bancorp (NYSE:USB) is a huge mover today! About 4.40M shares traded hands. U.S. Bancorp (NYSE:USB) has risen 20.44% since April 11, 2016 and is uptrending. It has outperformed by 14.29% the S&P500.
The move comes after 6 months positive chart setup for the $82.45B company. It was reported on Nov, 11 by Barchart.com. We have $79.41 PT which if reached, will make NYSE:USB worth $55.24B more.
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. As per Monday, March 14, the company rating was upgraded by Atlantic Securities. The firm earned “Outperform” rating on Wednesday, October 7 by RBC Capital Markets. On Wednesday, April 6 the stock rating was downgraded by Guggenheim to “Neutral”. The firm has “Overweight” rating given on Tuesday, November 24 by Piper Jaffray. The firm has “Neutral” rating given on Thursday, April 21 by Robert W. Baird. The firm has “Neutral” rating by JP Morgan given on Thursday, April 7. On Wednesday, January 13 the stock rating was upgraded by Deutsche Bank to “Buy”. The rating was upgraded by Guggenheim to “Buy” on Friday, August 28. The firm has “Hold” rating given on Tuesday, April 26 by Deutsche Bank. Canaccord Genuity initiated the stock with “Buy” rating in Wednesday, July 22 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 Q2 2016. Its down 0.16, from 1.15 in 2016Q1. The ratio is negative, 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.
Moreover, Check Mngmt Ca has 2.75% invested in U.S. Bancorp (NYSE:USB) for 835,061 shares. The New York-based National Asset Mgmt has invested 0.05% in U.S. Bancorp (NYSE:USB). Jpmorgan Chase Company has 0.15% invested in the company for 14.45 million shares. Cap Research Global Investors has 18.79M shares for 0.26% of their US portfolio. Element Capital Ltd Liability holds 0.89% or 145,881 shares in its portfolio. Ameritas Inv Prns reported 111,219 shares or 0.29% of all its holdings. Herndon Cap Mgmt Limited Company accumulated 149 shares or 0% of the stock. Concert Wealth Mngmt has 45,182 shares for 0.25% of their US portfolio. The -based Farr Miller & Washington Ltd Liability Company Dc has invested 0.21% in U.S. Bancorp (NYSE:USB). Moreover, Seven Eight Ltd Liability Corporation has 0.06% invested in U.S. Bancorp (NYSE:USB) for 4,200 shares. Becker, a Oregon-based fund reported 787,164 shares. National Bank Of Hawaii owns 36,154 shares or 0.16% of their US portfolio. Moreover, Deere Company has 0.3% invested in U.S. Bancorp (NYSE:USB) for 137,383 shares. The Georgia-based Zwj Investment Counsel has invested 1.44% in U.S. Bancorp (NYSE:USB). Qcm Cayman Ltd last reported 11,778 shares in the company.
Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 16 insider sales for $45.13 million net activity. 229,009 U.S. Bancorp (NYSE:USB) shares with value of $10.29M were sold by CARLSON JENNIE P. SCHNUCK CRAIG D also sold $728,101 worth of U.S. Bancorp (NYSE:USB) shares. The insider KIRTLEY OLIVIA F sold $1.58M. $22,485 worth of U.S. Bancorp (NYSE:USB) shares were sold by Gifford Craig E. On Friday, July 22 Stone Kent V. sold $1.26 million worth of the stock or 29,947 shares. 102,961 shares were sold by von Gillern Jeffry H., worth $4.32M. CECERE ANDREW also sold $18.67M worth of U.S. Bancorp (NYSE:USB) on Thursday, October 27.
More important 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 Startribune.com published article titled: “US Bancorp’s Richard Davis says banks are still fighting for their reputation”, Wsj.com published: “US Bancorp Profit Rises on Increased Mortgage Refinancing” on October 19, 2016. More interesting news about U.S. Bancorp (NYSE:USB) was released by: Businesswire.com and their article: “U.S. Bancorp to Speak at the Bank of America Merrill Lynch Future of …” with publication date: November 09, 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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