U.S. Bancorp shares rose 1.2% this afternoon to a price of $42.97. The stock is still trading within range of its average target price of $43.04, and over the last 52 weeks, it has recorded a -0.9% performance. Analysts have given the large-cap Banking stock target prices ranging from $31.0 to $63.0 dollars per share, with an average rating of buy.
The stock has a very low short interest at 1.7%, and a short ratio of 2.9. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 79.2% of U.S. Bancorp's shares being owned by this investor type.
Institutions Invested in U.S. Bancorp
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 136,513,206 | $5,865,972,628 |
| 2023-09-30 | Blackrock Inc. | 7% | 113,589,436 | $4,880,938,203 |
| 2023-09-30 | MUFG Bank Ltd | 4% | 68,374,155 | $2,938,037,523 |
| 2023-09-30 | State Street Corporation | 4% | 63,788,956 | $2,741,011,517 |
| 2023-09-30 | JP Morgan Chase & Company | 4% | 61,873,523 | $2,658,705,358 |
| 2023-09-30 | FMR, LLC | 2% | 37,470,199 | $1,610,094,496 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 2% | 31,120,947 | $1,337,267,130 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 29,215,963 | $1,255,409,965 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 2% | 28,292,029 | $1,215,708,520 |
| 2023-09-30 | Bank of America Corporation | 2% | 26,427,451 | $1,135,587,601 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on U.S. Bancorp.
