Financial Sector New Highs: U.S. Bancorp (NYSE:USB), Genworth Financial (NYSE:GNW), Bank of New York Mellon (NYSE:BK), Cowen Group (NASDAQ:COWN)

U.S. Bancorp (NYSE:USB) was upgraded by analysts at Wells Fargo & Co. from an underweight rating to a neutral rating. The firm currently has $39.00 price target on the stock, down from their previous price target of $44.00.U.S. Bancorp (NYSE:USB) shares after opening at $43.31 moved to $43.57 on last trade day and at the end of the day closed at $43.32. Company price to sales ratio in past twelve months was calculated as 6.43 and price to cash ratio as 8.41. U.S. Bancorp (NYSE:USB) showed a positive weekly performance of 3.24%.

Analysts at UBS AG upped their price objective on shares of Genworth Financial (NYSE:GNW) from $18.00 to $20.00 in a research report issued to clients and investors on Thursday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Genworth Financial Inc (NYSE:GNW) shares fell -0.39% in last trading session and ended the day on $17.93. GNW return on equity ratio is recorded as 3.70% and its return on assets is 0.50%. Genworth Financial Inc (NYSE:GNW) yearly performance is 76.82%.

The Bank of New York Mellon Corp. (NYSE:BK) on Tuesday said that its Brussels-based central securities depository (CSD) has been approved by the Luxembourg Stock Exchange, expanding its reach and capabilities. The Bank of New York Mellon Corporation (NYSE:BK) shares moved up 0.94% in last trading session and was closed at $35.58 while trading in range of $35.35 – $35.88 – The Bank of New York Mellon Corporation (NYSE:BK) year to date (YTD) performance is 2.30%.

Cowen Group, Inc. (Nasdaq:COWN) announced that it intends to offer, subject to market and other conditions, $125 million aggregate principal amount of cash convertible senior notes due 2019 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Cowen Group Inc (NASDAQ:COWN) weekly performance is 12.17%. On last trading day company shares ended up $4.70. Cowen Group Inc (NASDAQ:COWN) distance from 50-day simple moving average (SMA50) is 14.61%. Analysts mean target price for the company is $4.80.