Taking a look at what insiders are doing to gauge the U.S. Bancorp (USB)’s direction

As published in a research note from Citigroup on April 11, 2022, U.S. Bancorp [USB] has been rated down from a Buy to a Neutral. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of February 14, 2022, Jefferies has decreased its “Buy” rating to a “Hold” for USB. Earlier on January 25, 2022, Odeon upgraded its rating. Their new recommendation was “a Buy” for USB stock which previously was a “a Hold”.


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Analyzing USB’s Price Performance

On Thursday, U.S. Bancorp [NYSE: USB] rose 1.71% to $45.87. The stock’s lowest price that day was $45.15, but it reached a high of $46.105 in the same session. During the last five days, there has been a drop of approximately -2.51%. Over the course of the year, U.S. Bancorp shares have dropped approximately -18.34%. Shares of the company reached a 52-week high of $63.57 on 01/13/22 and a 52-week low of $43.74 on 07/14/22. A 50-day SMA is recorded $47.03, while a 200-day SMA reached $52.24. Nevertheless, trading volume fell to 12.57 million shares from 6.66 million shares the previous day.

Support And Resistance Levels for U.S. Bancorp (USB)

According to the 24-hour chart, there is a support level at 45.31, which, if violated, would cause prices to drop to 44.75. In the upper region, resistance lies at 46.27. The next price resistance is at 46.66. RSI (Relative Strength Index) is 44.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 60.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is U.S. Bancorp subject to short interest?

Stocks of U.S. Bancorp saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.35 million shares to 12.34 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 10.99 million shares. A jump of 10.94% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.8.

Which companies own the most shares of U.S. Bancorp (USB)?

According to Berkshire Hathaway, Inc. filings, the company currently owns 119,805,135 shares, which is about 8.06% of the total USB shares outstanding. The investor’s shares have plunged by -6,612,752 from its previous 13-F filing of 126417887.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $4,927,284,286. BlackRock Fund Advisors acquire a 1.67% interest valued at $3.17 billion while SSgA Funds Management, Inc. sold a -4,612,913 stake. A total of -5,391,821 shares of U.S. Bancorp were sold by JPMorgan Investment Management, I during the quarter, and 750,971 were bought by Geode Capital Management LLC. In its current portfolio, Charles Schwab Investment Managem holds 23,571,674 shares valued at $1.08 billion.

In terms of U.S. Bancorp share price expectations, FactSet research, analysts set an average price target of $54.32 in the next 12 months, up nearly 15.3% from the previous closing price of $45.10. Analysts anticipate U.S. Bancorp stock to reach $68.00 by 2022, with the lowest price target being $45.00. In spite of this, 25 analysts ranked U.S. Bancorp stock as an Overweight at the end of 2022. On January 20, 2022, Keefe Bruyette assigned a price target of “a Mkt perform” to the stock and downgraded coverage with a $64.

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