U.S. Bancorp Draws Bullish Options Activity Today

 U.S. Bancorp Draws Bullish Options Activity Today

In today’s session U.S. Bancorp (USB) registered an unusually high (502) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious USB increase. With 502 contracts traded and 11374 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: USB170317C00047000 closed last at: $0.69 or 4.2% down. About 1.56M shares traded hands. U.S. Bancorp (NYSE:USB) has risen 9.69% since April 5, 2016 and is uptrending. It has outperformed by 7.73% the S&P500.

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

Out of 19 analysts covering U.S. Bancorp (NYSE:USB), 7 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 37% are positive. $52 is the highest target while $19.0 is the lowest. The $45.93 average target is 2.09% above today’s ($44.99) stock price. U.S. Bancorp has been the topic of 36 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Stephens downgraded the stock to “Equal-Weight” rating in Tuesday, March 8 report. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Thursday, August 20 by Sterne Agee CRT. The rating was upgraded by Robert W. Baird on Thursday, January 14 to “Outperform”. Wedbush initiated the shares of USB in a report on Friday, October 7 with “Neutral” rating. The firm has “Overweight” rating given on Tuesday, November 24 by Piper Jaffray. The rating was upgraded by Portales Partners to “Sector Perform” on Tuesday, August 25. Societe Generale initiated the stock with “Buy” rating in Tuesday, March 22 report. The firm has “Buy” rating given on Wednesday, January 13 by Deutsche Bank. Deutsche Bank maintained the shares of USB in a report on Wednesday, August 12 with “Hold” rating. RBC Capital Markets maintained it with “Outperform” rating and $46.0 target price in Tuesday, January 19 report.

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 Q2 2016. 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.
Moreover, Endurance Wealth has 0.01% invested in U.S. Bancorp (NYSE:USB) for 1,833 shares. Lenox Wealth Management Incorporated accumulated 0.24% or 8,357 shares. Banque Pictet Cie Sa has 443,079 shares for 0.48% of their US portfolio. Diversified Trust Communications accumulated 0.3% or 65,401 shares. Loudon Inv Ltd Llc reported 8,466 shares or 0.27% of all its holdings. Investment Oh Adv has invested 0.25% of its portfolio in U.S. Bancorp (NYSE:USB). Buckingham Asset Management Ltd Liability Corporation accumulated 153,976 shares or 2.11% of the stock. Schafer Cullen Cap Mngmt owns 66,758 shares or 0.03% of their US portfolio. Mitchell Sinkler & Starr Pa holds 0.54% or 9,745 shares in its portfolio. Amp holds 0.22% or 815,779 shares in its portfolio. Davenport And Lc holds 0% or 31,537 shares in its portfolio. Amica Mutual Insurance accumulated 157,839 shares or 0.62% of the stock. Calamos Ltd Com holds 0.06% or 195,121 shares in its portfolio. Citadel Ltd last reported 22,698 shares in the company. Gideon Inc owns 81,333 shares or 1.91% of their US portfolio.

Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 15 insider sales for $45.10 million net activity. The insider DOLAN TERRANCE R sold 2,700 shares worth $119,340. 1,454 shares with value of $62,333 were sold by KIRTLEY OLIVIA F on Friday, August 5. Another trade for 102,961 shares valued at $4.32 million was made by von Gillern Jeffry H. on Friday, July 22. Another trade for 400 shares valued at $16,692 was sold by Gifford Craig E. COLLINS ARTHUR D JR sold $1.58M worth of stock. Stone Kent V. also sold $1.26 million worth of U.S. Bancorp (NYSE:USB) on Friday, July 22. SCHNUCK CRAIG D sold 16,544 shares worth $728,101.

U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $78.19 billion. The Company’s banking subsidiary, U.S. It has a 13.94 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 important recent U.S. Bancorp (NYSE:USB) news were published by: Wsj.com which released: “US Bancorp Profit Rises on Increased Mortgage Refinancing” on October 19, 2016, also Startribune.com published article titled: “US Bancorp’s Richard Davis says banks are still fighting for their reputation”, Seekingalpha.com published: “U.S. Bancorp Paddling Around Waiting For The Wave To Come” on October 20, 2016. More interesting news about U.S. Bancorp (NYSE:USB) was released by: Seekingalpha.com and their article: “U.S. Bancorp: Still The Place To Be” with publication date: October 28, 2016.

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