The stock of U.S. Bancorp (NYSE:USB) reached all time high today, Nov, 18 and still has $63.13 target or 29.00% above today’s $48.94 share price. This indicates more upside for the $83.10B company. This technical setup was reported by Barchart.com. If the $63.13 PT is reached, the company will be worth $24.10 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 2.40 million shares traded hands. U.S. Bancorp (NYSE:USB) has risen 18.13% since April 18, 2016 and is uptrending. It has outperformed by 13.70% the S&P500.
U.S. Bancorp (NYSE:USB) Ratings Coverage
Out of 21 analysts covering U.S. Bancorp (NYSE:USB), 6 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 29% are positive. U.S. Bancorp has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of U.S. Bancorp (NYSE:USB) has “Equal-Weight” rating given on Tuesday, March 8 by Stephens. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 22. The rating was upgraded by Guggenheim to “Buy” on Friday, August 28. The stock of U.S. Bancorp (NYSE:USB) earned “Buy” rating by Societe Generale on Tuesday, March 22. The rating was initiated by Wedbush on Friday, October 7 with “Neutral”. The rating was downgraded by Morgan Stanley to “Underweight” on Monday, November 14. Portales Partners upgraded U.S. Bancorp (NYSE:USB) on Tuesday, August 25 to “Sector Perform” rating. Robert W. Baird upgraded U.S. Bancorp (NYSE:USB) on Thursday, January 14 to “Outperform” rating. The firm earned “Outperform” rating on Thursday, October 20 by RBC Capital Markets.
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 0.97 in Q2 2016. Its down 0.02, from 0.99 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.
Utah Retirement last reported 297,388 shares in the company. Mogy Joel R Inv Counsel Inc accumulated 0.06% or 8,559 shares. Agf Invests holds 0.18% or 399,282 shares in its portfolio. Washington Bank & Trust has 2.29% invested in the company for 219,594 shares. Sfmg Ltd Liability has 0.24% invested in the company for 26,730 shares. Hengehold Capital Mgmt Llc holds 0.86% of its portfolio in U.S. Bancorp (NYSE:USB) for 65,623 shares. First Citizens Bankshares accumulated 17,747 shares or 0.06% of the stock. Blume Capital Management accumulated 302 shares or 0.03% of the stock. Ironwood Inv Counsel Ltd Liability accumulated 59,421 shares or 1.4% of the stock. Whittier Trust Of Nevada last reported 9,562 shares in the company. Jpmorgan Chase And Communications reported 14.45 million shares or 0.15% of all its holdings. Foyston Gordon & Payne Inc holds 0.06% of its portfolio in U.S. Bancorp (NYSE:USB) for 8,123 shares. Heathbridge Capital Limited has 0% invested in the company for 7,400 shares. Motco last reported 2,266 shares in the company. Jefferies Group Ltd last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 20 sales for $86.97 million net activity. Stone Kent V. had sold 29,947 shares worth $1.26 million on Friday, July 22. 500 U.S. Bancorp (NYSE:USB) shares with value of $22,485 were sold by Gifford Craig E. $1.79 million worth of U.S. Bancorp (NYSE:USB) shares were sold by CARLSON JENNIE P. von Gillern Jeffry H. sold $4.32 million worth of U.S. Bancorp (NYSE:USB) on Friday, July 22. DOLAN TERRANCE R also sold $210,150 worth of U.S. Bancorp (NYSE:USB) on Friday, July 22. 1,454 shares were sold by KIRTLEY OLIVIA F, worth $62,333. SCHNUCK CRAIG D also sold $728,101 worth of U.S. Bancorp (NYSE:USB) on Wednesday, October 26.
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 Nasdaq.com with their article: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” published on November 16, 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: Finance.Yahoo.com and their article: “U.S. Bancorp to Speak at the Bank of America Merrill Lynch Future of …” published on November 09, 2016 as well as Thestreet.com‘s news article titled: “How Will U.S. Bancorp (USB) Stock React to Q3 Results?” with publication date: October 19, 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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