BlackRock Fund Advisors recently announced the acquisition of new stake in U.S. Bancorp (NYSE:USB). The institutional investor has increased its shareholding in the Financial company by 0.82% to 67.98 million shares with purchase of 0.56 million shares. This fresh investment now brings its stake to 4.51% valued currently at $2.5 billion. In addition, D1 Capital Partners LLC raised its holdings by 15.69 million to 17.69 million shares. And Charles Schwab Investment Managem.. has lifted its position by 147.91% or 9.72 million shares – to 16.3 million shares.
With over 5.98 million U.S. Bancorp (USB) shares trading Tuesday and a closing price of $36.69 on the day, the dollar volume was approximately $219.5 million. The shares have shown a positive weekly performance of 0.22% and its price on 09/01/20 gained nearly 0.80%. Currently, there are 1.51B common shares owned by the public and among those 1.50B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 26 analysts who have offered their price forecasts for USB have a consensus price objective of $42.44. The analysts have set the share’s price value over the next 12 months at a high of $62.00 and a low of $34.60 should the stock experience a downside. Incidentally, analysts’ outlook for the U.S. Bancorp stock is 2.60 for the next 12 months. The average price target is 13.99% above its last price level and an upside to the estimated low will see the stock lose -6.04% over that period. But an upside of 40.82% will see the stock hit the forecast high price target while mean target price for the stock is $41.00.
Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 502,165 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 1,424,104 shares.
The top 3 mutual fund holders in U.S. Bancorp are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and MFS Value Fund. Vanguard Total Stock Market Index owns 38.57 million shares of the company’s stock, all valued at over $1.42 billion. The company sold 45761.0 shares recently to bring their total holdings to about 2.56% of the shares outstanding. Vanguard 500 Index Fund sold -0.18 million shares to see its total holdings shrink to 28.26 million shares valued at over $1.04 billion and representing 1.88% of the shares outstanding. MFS Value Fund now owns shares totaling to 1.18% of the shares outstanding.
Shares of U.S. Bancorp (NYSE: USB) opened at $36.16, down -$0.24 from a prior closing price of $36.40. However, the script later closed the day at $36.69, up 0.80%. The company’s stock has a 5-day price change of 0.22% and -5.14% over the past three months. USB shares are trading -38.12% year to date (YTD), with the 12-month market performance down to -29.47% lower. It has a 12-month low price of $28.36 and touched a high of $61.11 over the same period. Currently, 5.98 million shares have been traded, compared to an average intraday trading volume of 7.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.35%, -0.03%, and -15.84% respectively.
Institutional ownership of U.S. Bancorp (NYSE: USB) shares accounts for 75.90% of the company’s 1.51B shares outstanding. Mutual fund holders own 32.47%, while other institutional holders and individual stakeholders account for 42.89% and 10.58% respectively.
It has a market capitalization of $54.88B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 11.53, while the earnings-per-share (ttm) stands at $3.18. The company has a PEG of 4.69 and the debt-to-equity ratio at 0.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.22% over the week and 2.46% over the month.
Analysts forecast that U.S. Bancorp (USB) will achieve an EPS of $0.71 for the current quarter, $0.64 for the next quarter and $2.87 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.85 while analysts give the company a high EPS estimate of $0.98. Comparatively, EPS for the current quarter was $1.15 a year ago. Earnings per share for the fiscal year are expected to increase by 0.40%, and 17.22% over the next financial year. EPS should shrink at an annualized rate of 2.46% over the next five years, compared to 6.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 26 brokerage firm advisors rate U.S. Bancorp (USB) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 12 of the 26 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the USB, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on July 31, 2020, with the firm’s price target at. Deutsche Bank coverage for the U.S. Bancorp (USB) stock in a research note released on July 28, 2020 offered a Buy rating with a price target of. DA Davidson was of a view on June 12, 2020 that the stock is Buy, while Nomura gave the stock Buy rating on April 16, 2020, issuing a price target of $35- $46. Compass Point on their part issued Neutral rating on April 14, 2020.