The stock of U.S. Bancorp (NYSE:USB) hit a new 52-week high and has $64.65 target or 32.00% above today’s $48.98 share price. The 5 months bullish chart indicates low risk for the $83.16 billion company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $64.65 price target is reached, the company will be worth $26.61B 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 1.69 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. $52 is the highest target while $19.0 is the lowest. The $45.93 average target is -6.23% below today’s ($48.98) stock price. U.S. Bancorp has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained U.S. Bancorp (NYSE:USB) rating on Tuesday, January 19. RBC Capital Markets has “Outperform” rating and $46.0 price target. Robert W. Baird downgraded it to “Neutral” rating and $42 target price in Thursday, April 21 report. Deutsche Bank downgraded U.S. Bancorp (NYSE:USB) on Tuesday, April 26 to “Hold” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 22. On Wednesday, January 13 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Outperform” rating given on Wednesday, October 7 by RBC Capital Markets. JP Morgan maintained U.S. Bancorp (NYSE:USB) on Thursday, April 7 with “Neutral” rating. The company was downgraded on Tuesday, March 8 by Stephens. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Wednesday, November 16 by Piper Jaffray. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Wednesday, April 6 by Guggenheim.
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.
Bridges accumulated 0.52% or 68,747 shares. Highlander Mgmt Limited Liability Com has invested 0.23% of its portfolio in U.S. Bancorp (NYSE:USB). Chicago Equity Prtn Lc has invested 0.01% of its portfolio in U.S. Bancorp (NYSE:USB). Ccm Invest Advisers Ltd Liability Company accumulated 1.71% or 456,003 shares. Wealthtrust holds 0.05% of its portfolio in U.S. Bancorp (NYSE:USB) for 2,027 shares. The California-based Dowling & Yahnke Ltd Liability Company has invested 0.56% in U.S. Bancorp (NYSE:USB). Moreover, Financial Counselors has 0.13% invested in U.S. Bancorp (NYSE:USB) for 52,782 shares. The Massachusetts-based Northeast Inv Mngmt has invested 1.09% in U.S. Bancorp (NYSE:USB). Mayo Inv Advisers Ltd Liability Com holds 2.66% of its portfolio in U.S. Bancorp (NYSE:USB) for 330,900 shares. Wealthfront holds 0.02% of its portfolio in U.S. Bancorp (NYSE:USB) for 20,814 shares. Cibc Markets owns 52,513 shares or 0.01% of their US portfolio. The Montana-based Da Davidson & has invested 0.13% in U.S. Bancorp (NYSE:USB). Lawson Kroeker Invest Management Inc Ne holds 0.54% of its portfolio in U.S. Bancorp (NYSE:USB) for 40,076 shares. Arrow reported 72,985 shares or 0.77% of all its holdings. Calamos Advsrs Limited Liability Co holds 0.06% or 195,121 shares in its portfolio.
Insider Transactions: Since July 21, 2016, the stock had 0 insider buys, and 20 selling transactions for $86.97 million net activity. 2,500 shares were sold by Gifford Craig E, worth $104,675. $62,333 worth of U.S. Bancorp (NYSE:USB) was sold by KIRTLEY OLIVIA F. Shares for $2.00 million were sold by CARLSON JENNIE P on Thursday, October 20. von Gillern Jeffry H. had sold 102,961 shares worth $4.32M on Friday, July 22. The insider DOLAN TERRANCE R sold 2,700 shares worth $119,340. $1.58 million worth of shares were sold by COLLINS ARTHUR D JR on Thursday, October 20. 416,219 U.S. Bancorp (NYSE:USB) shares with value of $18.67M were sold by CECERE ANDREW.
More notable recent U.S. Bancorp (NYSE:USB) news were published by: Nasdaq.com which released: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” on November 16, 2016, also Forbes.com with their article: “U.S. Bancorp Reaches Analyst Target Price” published on November 10, 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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