Sunday, June 26, 2022

Taking a Closer Look At U.S. Bancorp (USB) Following Its Recent Trade

Citigroup downgraded its U.S. Bancorp [USB] rating to a Neutral from a a Buy in a research note published on Tuesday. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. Jefferies also remained covering USB and has decreased its forecast on February 14, 2022 with a “Hold” recommendation from previously “Buy” rating. Odeon revised its rating on January 25, 2022. It rated USB as “a Buy” which previously was an “a Hold”.


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Price Performance Review of USB

On Tuesday, U.S. Bancorp [NYSE:USB] saw its stock jump 2.03% to $46.33. On the same session, the stock had its day’s lowest price of $45.98, but rose to a high of $46.72. Over the last five days, the stock has lost -1.55%. U.S. Bancorp shares have fallen nearly -17.52% since the year began. Nevertheless, the stocks have fallen -17.24% over the past one year. While a 52-week high of $63.57 was reached on 01/13/22, a 52-week low of $44.79 was recorded on 06/16/22. SMA at 50 days reached $50.10, while 200 days put it at $56.06. A total of 7.72 million shares were traded, compared to the trading of 19.04 million shares in the previous session.

Levels Of Support And Resistance For USB Stock

The 24-hour chart illustrates a support level at 45.97, which if violated will result in even more drops to 45.60. On the upside, there is a resistance level at 46.71. A further resistance level may holdings at 47.08. The Relative Strength Index (RSI) on the 14-day chart is 35.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.76%. Stochastics %K at 10.88% indicates the stock is a buying.

U.S. Bancorp [USB] – Who Are The Largest Shareholders?

In filings from Berkshire Hathaway, Inc., it is revealed that the company now owns 126,417,887 shares, or roughly 8.51% of the outstanding USB shares. In other words, the investor’s shares have fallen by 0 from its previous 13-F filing of 126417887.0. Additionally, The Vanguard Group, Inc. increased 2.61% of its stake after which the total value it holdings stand at $5,641,644,030, while BlackRock Fund Advisors added 1.75% of its stake to hold $3.63 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 190,720 shares of U.S. Bancorp, while JPMorgan Investment Management, I bought -3,502,700 shares. At present, Geode Capital Management LLC is holding 23,322,020 shares valued at $1.24 billion. Charles Schwab Investment Managem owned 22,052,957 shares of the company at the time of its most recent 13F filing, worth $1.17 billion.

According to FactSet, U.S. Bancorp’s share price will average $60.10 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.93 percent from its previous closing price of $45.41. Analysts expect U.S. Bancorp stock to reach the higher price of $72.00, while the lowest price estimate is $52.00. However, 26 analysts have rated USB stock as an Overweight in their predictions for 2022.

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