A company insider recently sold 84,948 shares of U.S. Bancorp [USB]. Should You Sale?


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. U.S. Bancorp shares valued at $3,695,918 were sold by CECERE ANDREW on Dec 12. At $43.51 per share, CECERE ANDREW sold 84,948 shares. The insider’s holdings dropped to 956,742 shares worth approximately $45.66 million following the completion of this transaction.

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Also, DOLAN TERRANCE R sold 15,000 shares, netting a total of over 650,100 in proceeds. Following the sale of shares at $43.34 each, the insider now holds 138,051 shares.

Before that, von Gillern Jeffry H. had sold 27,183 shares from its account. In a trade valued at $1,195,780, the Vice Chair traded U.S. Bancorp shares for $43.99 each. Upon closing the transaction, the insider’s holdings decreased to 27,183 shares, worth approximately $6.12 million.

As published in a research note from Piper Sandler on February 15, 2023, U.S. Bancorp [USB] has been rated up from a Neutral to an Overweight and the price target has been revised to $57 from $53. This represents a 16.28% premium over Thursday’s closing price. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 03, 2023, Barclays has increased its “an Equal weight” rating to a “an Overweight” for USB. Earlier on December 21, 2022, DA Davidson initiated its rating. Their recommendation was “a Neutral” for USB stock.

Analyzing USB Stock Performance

On Thursday, U.S. Bancorp [NYSE: USB] rose 0.38% to $47.72. The stock’s lowest price that day was $47.31, but it reached a high of $48.105 in the same session. During the last five days, there has been a drop of approximately -2.77%. Over the course of the year, U.S. Bancorp shares have jumped approximately 9.42%. Shares of the company reached a 52-week high of $49.95 on 01/26/23 and a 52-week low of $44.08 on 01/03/23. A 50-day SMA is recorded $46.52, while a 200-day SMA reached $45.98. Nevertheless, trading volume fell to 4.32 million shares from 4.58 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 47.32, which, if violated, would cause prices to drop to 46.92. In the upper region, resistance lies at 48.11. The next price resistance is at 48.51. RSI (Relative Strength Index) is 47.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 83.53%, indicating bearish price movement. Stochastics %K at buying 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 Jan 12, 2023 jumping by 2.11 million shares to 12.51 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 10.4 million shares. A jump of 16.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.17.

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

According to The Vanguard Group, Inc. filings, the company currently owns 113,665,317 shares, which is about 7.43% of the total USB shares outstanding. The investor’s shares have appreciated by 4,224,164 from its previous 13-F filing of 109441153.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $3,444,073,978. SSgA Funds Management, Inc. acquire a 0.22% interest valued at $2.94 billion while JPMorgan Investment Management, I purchased a 10,132,265 stake. A total of 44,486,453 shares of U.S. Bancorp were bought by Mitsubishi UFJ Kokusai Asset Mana during the quarter, and 29,521,176 were bought by T. Rowe Price Associates, Inc. In its current portfolio, Charles Schwab Investment Managem holds 28,770,916 shares valued at $1.43 billion.

In terms of U.S. Bancorp share price expectations, FactSet research, analysts set an average price target of $55.31 in the next 12 months, up nearly 13.59% from the previous closing price of $47.54. Analysts anticipate U.S. Bancorp stock to reach $77.00 by 2023, with the lowest price target being $44.00. In spite of this, 26 analysts ranked U.S. Bancorp stock as an Overweight at the end of 2023. On December 13, 2022, Keefe Bruyette assigned a price target of “an Outperform” to the stock and upgraded coverage with a $58.


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