Could U.S. Bancorp Change Direction After Today’s Bullish Options Activity?

 Could U.S. Bancorp Change Direction After Today's Bullish Options Activity?

In today’s session U.S. Bancorp (USB) registered an unusually high (854) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious USB increase. With 854 contracts traded and 9974 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: USB161216C00048000 closed last at: $0.94 or 37.3% down. About 1.31M shares traded hands. U.S. Bancorp (NYSE:USB) has risen 18.13% since April 18, 2016 and is uptrending. It has outperformed by 13.70% the S&P500.

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

Out of 21 analysts covering U.S. Bancorp (NYSE:USB), 6 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 29% are positive. $52 is the highest target while $19.0 is the lowest. The $45.93 average target is -6.27% below today’s ($49) stock price. U.S. Bancorp has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Thursday, October 20 the stock rating was maintained by RBC Capital Markets with “Outperform”. Societe Generale initiated the stock with “Buy” rating in Tuesday, March 22 report. The stock of U.S. Bancorp (NYSE:USB) has “Sector Perform” rating given on Tuesday, August 25 by Portales Partners. The rating was downgraded by Robert W. Baird on Thursday, April 21 to “Neutral”. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Friday, October 7 by Wedbush. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Thursday, August 20 by Sterne Agee CRT. The stock of U.S. Bancorp (NYSE:USB) earned “Hold” rating by Deutsche Bank on Wednesday, August 12. Piper Jaffray initiated the shares of USB in a report on Tuesday, November 24 with “Overweight” rating. The stock of U.S. Bancorp (NYSE:USB) has “Underweight” rating given on Monday, November 14 by Morgan Stanley. The rating was downgraded by PiperJaffray on Wednesday, November 16 to “Neutral”.

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 0.97 in 2016 Q2. Its down 0.02, from 0.99 in 2016Q1. The ratio dropped, 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.
Cambridge Co, a Massachusetts-based fund reported 682,071 shares. Wealthfront Inc, a California-based fund reported 20,814 shares. Moreover, Gabelli Funds Limited has 0.03% invested in U.S. Bancorp (NYSE:USB) for 135,000 shares. Moreover, Meiji Yasuda Life Ins Com has 0.45% invested in U.S. Bancorp (NYSE:USB) for 69,356 shares. Davidson Inv Advisors has 8,788 shares for 0.06% of their US portfolio. Laffer has invested 0% of its portfolio in U.S. Bancorp (NYSE:USB). Da Davidson And holds 106,376 shares or 0.13% of its portfolio. Intrust Bank & Trust Na accumulated 15,183 shares or 0.25% of the stock. California State Teachers Retirement Sys has invested 0.31% of its portfolio in U.S. Bancorp (NYSE:USB). Arrow Fincl Corp holds 0.77% or 72,985 shares in its portfolio. Appleton Ptnrs Ma last reported 9,520 shares in the company. The Wisconsin-based Jacobus Wealth Mgmt has invested 0.65% in U.S. Bancorp (NYSE:USB). Bessemer Group owns 4.08 million shares or 0.9% of their US portfolio. The Georgia-based Suntrust Banks has invested 0.09% in U.S. Bancorp (NYSE:USB). Uss Inv Ltd last reported 392,300 shares in the company.

Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 20 insider sales for $86.97 million net activity. 35,156 shares were sold by KIRTLEY OLIVIA F, worth $1.58M. Shares for $801,391 were sold by SCHNUCK CRAIG D on Tuesday, November 15. DOLAN TERRANCE R had sold 2,700 shares worth $119,340. Another trade for 229,009 shares valued at $10.29 million was sold by CARLSON JENNIE P. The insider DAVIS RICHARD K sold $35.70 million. Gifford Craig E sold $104,675 worth of stock or 2,500 shares. $1.26M worth of U.S. Bancorp (NYSE:USB) was sold by Stone Kent V..

U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.20 billion. The Company’s banking subsidiary, U.S. It has a 15.18 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: Forbes.com which released: “U.S. Bancorp Reaches Analyst Target Price” on November 10, 2016, also Nasdaq.com with their article: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” published on November 16, 2016, Startribune.com published: “US Bancorp’s Richard Davis says banks are still fighting for their reputation” on October 19, 2016. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Finance.Yahoo.com and their article: “U.S. Bancorp to Speak at the Bank of America Merrill Lynch Future of …” published on November 09, 2016 as well as Thestreet.com‘s news article titled: “How Will U.S. Bancorp (USB) Stock React to Q3 Results?” with publication date: October 19, 2016.

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