Fintel reports that on September 26, 2023, Oppenheimer maintained coverage of U.S. Bancorp. (NYSE:USB) with a Outperform recommendation.
Analyst Price Forecast Suggests 34.17% Upside
As of August 31, 2023, the average one-year price target for U.S. Bancorp. is 45.07. The forecasts range from a low of 36.36 to a high of $70.35. The average price target represents an increase of 34.17% from its latest reported closing price of 33.59.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for U.S. Bancorp. is 29,557MM, an increase of 22.91%. The projected annual non-GAAP EPS is 5.10.
What is the Fund Sentiment?
There are 2503 funds or institutions reporting positions in U.S. Bancorp.. This is a decrease of 98 owner(s) or 3.77% in the last quarter. Average portfolio weight of all funds dedicated to USB is 0.39%, a decrease of 9.06%. Total shares owned by institutions decreased in the last three months by 0.69% to 1,304,303K shares. 
The put/call ratio of USB is 0.93, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 53,650K shares representing 3.45% ownership of the company. In it's prior filing, the firm reported owning 55,967K shares, representing a decrease of 4.32%. The firm increased its portfolio allocation in USB by 524.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 47,746K shares representing 3.07% ownership of the company. In it's prior filing, the firm reported owning 47,401K shares, representing an increase of 0.72%. The firm decreased its portfolio allocation in USB by 14.82% over the last quarter.
MUFG Bank holds 44,374K shares representing 2.85% ownership of the company. No change in the last quarter.
Price T Rowe Associates holds 43,780K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 46,838K shares, representing a decrease of 6.98%. The firm increased its portfolio allocation in USB by 79.91% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 33,213K shares representing 2.13% ownership of the company. In it's prior filing, the firm reported owning 32,508K shares, representing an increase of 2.12%. The firm decreased its portfolio allocation in USB by 15.19% over the last quarter.
U.S. Bancorp. Background Information
(This description is provided by the company.)
U.S. Bancorp, with nearly 70,000 employees and $554 billion in assets as of Dec. 31, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank one of the 2020 World's Most Ethical Companies.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
