U.S. Bancorp Can Burn Your Long Portfolio. Option Traders Are Bearish

 U.S. Bancorp Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session U.S. Bancorp (USB) recorded an unusually high (1,552) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious USB decrease. With 1,552 contracts traded and 9934 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: USB161021P00042500 closed last at: $0.43 or 8.5% down. About 1.11M shares traded hands. U.S. Bancorp (NYSE:USB) has risen 4.73% since March 15, 2016 and is uptrending. It has underperformed by 0.75% the S&P500.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on October, 20. They expect $0.85 EPS, up 4.94% or $0.04 from last year’s $0.81 per share. USB’s profit will be $1.45B for 12.64 P/E if the $0.85 EPS becomes a reality. After $0.83 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 2.41% EPS growth.

U.S. Bancorp (NYSE:USB) Ratings Coverage

Out of 19 analysts covering U.S. Bancorp (NYSE:USB), 6 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 32% are positive. $52 is the highest target while $19.0 is the lowest. The $43.86 average target is 2.07% above today’s ($42.97) stock price. U.S. Bancorp has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by Sterne Agee CRT with “Neutral” on Thursday, August 20. Guggenheim downgraded the stock to “Neutral” rating in Wednesday, April 6 report. The stock of U.S. Bancorp (NYSE:USB) earned “Sector Perform” rating by Portales Partners on Tuesday, August 25. On Tuesday, March 22 the stock rating was initiated by Societe Generale with “Buy”. The stock of U.S. Bancorp (NYSE:USB) earned “Equal-Weight” rating by Stephens on Tuesday, March 8. The firm has “Neutral” rating by Wedbush given on Friday, October 7. The rating was maintained by RBC Capital Markets on Wednesday, October 7 with “Outperform”. The firm earned “Neutral” rating on Thursday, April 7 by JP Morgan. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 19. The firm has “Overweight” rating given on Monday, March 14 by Atlantic Securities.

According to Zacks Investment Research, “U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.16, from 1.15 in 2016Q1. The ratio worsened, as 60 funds sold all U.S. Bancorp shares owned while 406 reduced positions. 61 funds bought stakes while 401 increased positions. They now own 1.22 billion shares or 0.34% less from 1.23 billion shares in 2016Q1.
The Pennsylvania-based Glenmede Tru Na has invested 0.35% in U.S. Bancorp (NYSE:USB). Geneva Advsrs Ltd Liability Corp accumulated 0.02% or 21,408 shares. Baltimore reported 162,679 shares or 1.95% of all its holdings. Mcrae Capital reported 203,270 shares or 3.79% of all its holdings. Mariner Wealth Limited Liability Corporation accumulated 14,656 shares or 0.03% of the stock. Moreover, Berkshire Hathaway has 2.64% invested in U.S. Bancorp (NYSE:USB) for 85.06M shares. Cortland Advisers Ltd Liability Corporation has 3.85% invested in the company for 2.71M shares. Valley National Advisers last reported 100,789 shares in the company. Wilbanks Smith & Thomas Asset Lc has invested 0.08% of its portfolio in U.S. Bancorp (NYSE:USB). Citadel Advisors Ltd Limited Liability Company accumulated 22,698 shares or 0% of the stock. Whittier Tru holds 0.04% or 21,376 shares in its portfolio. Winton Grp accumulated 804,156 shares or 0.54% of the stock. Farmers Merchants holds 0.49% or 108,881 shares in its portfolio. Pennsylvania Com owns 216,460 shares or 0.71% of their US portfolio. First Commonwealth Pa last reported 23,524 shares in the company.

Insider Transactions: Since April 21, 2016, the stock had 0 buys, and 12 insider sales for $63.82 million net activity. Another trade for 919,118 shares valued at $39.53M was sold by DAVIS RICHARD K. CARLSON JENNIE P had sold 31,471 shares worth $1.35M on Friday, April 22. 5,000 shares were sold by DOLAN TERRANCE R, worth $210,150. On Friday, July 22 the insider von Gillern Jeffry H. sold $4.32M. On Thursday, July 21 the insider Gifford Craig E sold $104,675. $14.00 million worth of U.S. Bancorp (NYSE:USB) shares were sold by CECERE ANDREW. Another trade for 29,947 shares valued at $1.26M was made by Stone Kent V. on Friday, July 22.

U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $73.31 billion. The Company’s banking subsidiary, U.S. It has a 13.44 P/E ratio. Bank National Association, is engaged in the general banking business in domestic markets.

USB Company Profile

U.S. Bancorp, incorporated on April 2, 1929, is a multi-state financial services holding company. The Firm operates through its banking subsidiary, U.S. Bank National Association, which is engaged in the general banking business in domestic markets. The Firm provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing.

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Nasdaq.com which released: “Will Higher Expenses Hurt U.S. Bancorp (USB) Q3 Earnings?” on October 18, 2016, also Seekingalpha.com with their article: “U.S. Bancorp: ROE Woes” published on October 11, 2016, Marketwatch.com published: “US Bancorp raises quarterly dividend by 9.8%” on September 19, 2016. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Forbes.com and their article: “Ex-Dividend Reminder: STAG Industrial, US Bancorp and DiamondRock Hospitality” published on September 26, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: U.S. Bancorp (USB) Is Investment-Worthy” with publication date: October 13, 2016.

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