In today’s session U.S. Bancorp (USB) registered an unusually high (628) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious USB increase. With 628 contracts traded and 83014 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: USB170120C00045000 closed last at: $4.65 or 6.9% up. About 2.46 million shares traded hands. U.S. Bancorp (NYSE:USB) has risen 14.80% since April 25, 2016 and is uptrending. It has outperformed by 8.78% the S&P500.
Analysts await U.S. Bancorp (NYSE:USB) to report earnings on January, 20. They expect $0.81 EPS, up 2.53% or $0.02 from last year’s $0.79 per share. USB’s profit will be $1.38 billion for 15.17 P/E if the $0.81 EPS becomes a reality. After $0.84 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.
U.S. Bancorp (NYSE:USB) Ratings Coverage
Out of 21 analysts covering U.S. Bancorp (NYSE:USB), 7 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 33% are positive. U.S. Bancorp has been the topic of 40 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Societe Generale initiated U.S. Bancorp (NYSE:USB) on Tuesday, March 22 with “Buy” rating. The firm has “Hold” rating given on Wednesday, August 12 by Deutsche Bank. The rating was downgraded by Morgan Stanley on Monday, November 14 to “Underweight”. On Wednesday, January 13 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Hold” rating given on Tuesday, April 26 by Deutsche Bank. The stock of U.S. Bancorp (NYSE:USB) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 7. Sterne Agee CRT initiated U.S. Bancorp (NYSE:USB) on Thursday, August 20 with “Neutral” rating. RBC Capital Markets maintained U.S. Bancorp (NYSE:USB) rating on Friday, January 22. RBC Capital Markets has “Sector Perform” rating and $19.0 price target. The firm earned “Sector Perform” rating on Tuesday, August 25 by Portales Partners. Canaccord Genuity initiated U.S. Bancorp (NYSE:USB) on Wednesday, July 22 with “Buy” rating.
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 turned negative, 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.
Neuberger Berman Group Limited Company last reported 0.36% of its portfolio in the stock. Cambridge Investment Rech accumulated 0.08% or 90,068 shares. Orleans Cap Management La owns 72,168 shares or 2.03% of their US portfolio. Loudon Management Ltd Llc reported 8,466 shares or 0.27% of all its holdings. Amer Tx has 0.65% invested in the company for 275,467 shares. Moreover, Atria Investments Ltd Liability Corp has 0.05% invested in U.S. Bancorp (NYSE:USB) for 11,182 shares. Stifel Financial, a Missouri-based fund reported 2.24M shares. Moreover, Price T Rowe Associate Inc Md has 0.1% invested in U.S. Bancorp (NYSE:USB) for 11.97M shares. Tweedy Browne Ltd Liability Com accumulated 0.61% or 539,800 shares. Torchmark Corporation holds 3.12% or 90,000 shares in its portfolio. The Illinois-based Vestor Cap Ltd Co has invested 2.66% in U.S. Bancorp (NYSE:USB). Atlantic Trust Grp Ltd Liability Company has invested 0.78% of its portfolio in U.S. Bancorp (NYSE:USB). Metropolitan Life Insurance has 0.26% invested in the company for 846,259 shares. Smith Moore & last reported 0.23% of its portfolio in the stock. Oppenheimer Co last reported 129,576 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. CECERE ANDREW sold 416,219 shares worth $18.67 million. COLLINS ARTHUR D JR sold 35,845 shares worth $1.58 million. 40,000 shares were sold by Elmore John R., worth $1.75 million on Tuesday, October 25. Another trade for 2,500 shares valued at $104,675 was sold by Gifford Craig E. Shares for $1.26M were sold by Stone Kent V.. 5,000 U.S. Bancorp (NYSE:USB) shares with value of $210,150 were sold by DOLAN TERRANCE R. 229,009 U.S. Bancorp (NYSE:USB) shares with value of $10.29M were sold by CARLSON JENNIE P.
U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.64 billion. The Company’s banking subsidiary, U.S. It has a 15.22 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 news for U.S. Bancorp (NYSE:USB) were recently published by: Forbes.com, which released: “U.S. Bancorp Reaches Analyst Target Price” on November 10, 2016. Nasdaq.com‘s article titled: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” and published on November 16, 2016 is yet another important article.
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