U.S. Bancorp Target of Unusually Large Options Trading (NYSE:USB)

U.S. Bancorp (NYSE:USB) was the target of unusually large options trading on Tuesday. Traders acquired 18,851 call options on the stock. This is an increase of approximately 36% compared to the average daily volume of 13,819 call options.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Evercore ISI set a $60.00 price target on U.S. Bancorp in a research report on Tuesday, January 6th. TD Cowen raised their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Oppenheimer upped their target price on shares of U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. UBS Group raised their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, DA Davidson upped their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.19.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Chemung Canal Trust Co. grew its holdings in U.S. Bancorp by 205.5% in the 3rd quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock valued at $3,302,000 after buying an additional 45,963 shares in the last quarter. Synergy Asset Management LLC lifted its holdings in shares of U.S. Bancorp by 100.0% during the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock worth $5,428,000 after buying an additional 59,981 shares in the last quarter. Andra AP fonden boosted its position in shares of U.S. Bancorp by 175.6% in the second quarter. Andra AP fonden now owns 458,400 shares of the financial services provider’s stock valued at $20,743,000 after acquiring an additional 292,100 shares during the period. SteelPeak Wealth LLC grew its stake in shares of U.S. Bancorp by 757.8% in the third quarter. SteelPeak Wealth LLC now owns 176,500 shares of the financial services provider’s stock valued at $8,622,000 after acquiring an additional 155,925 shares in the last quarter. Finally, Cardinal Capital Management Inc. increased its position in U.S. Bancorp by 698.5% during the third quarter. Cardinal Capital Management Inc. now owns 243,101 shares of the financial services provider’s stock worth $11,749,000 after acquiring an additional 212,655 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 2.5%

Shares of USB stock opened at $58.78 on Wednesday. The firm has a fifty day moving average of $53.92 and a 200-day moving average of $49.62. The stock has a market cap of $91.36 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.03 and a beta of 1.06. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $58.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.