U.S. Bancorp Target of Unusually Large Options Trading (NYSE:USB)
U.S. Bancorp (NYSE:USB – Get Free Report) was the target of unusually large options trading activity on Friday. Traders acquired 53,285 call options on the stock. This is an increase of approximately 303% compared to the typical volume of 13,223 call options.
Insider Buying and Selling
In other U.S. Bancorp news, insider Shailesh M. Kotwal sold 2,954 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $39.56, for a total transaction of $116,860.24. Following the completion of the transaction, the insider now owns 119,768 shares of the company’s stock, valued at $4,738,022.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other U.S. Bancorp news, insider Shailesh M. Kotwal sold 2,046 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $40.34, for a total value of $82,535.64. Following the completion of the transaction, the insider now owns 112,722 shares in the company, valued at approximately $4,547,205.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shailesh M. Kotwal sold 2,954 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $39.56, for a total value of $116,860.24. Following the completion of the transaction, the insider now directly owns 119,768 shares in the company, valued at $4,738,022.08. The disclosure for this sale can be found here. Over the last quarter, insiders bought 154 shares of company stock valued at $2,948 and sold 5,026 shares valued at $200,306. 0.24% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On U.S. Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Institute for Wealth Management LLC. boosted its position in U.S. Bancorp by 3.4% during the 2nd quarter. Institute for Wealth Management LLC. now owns 11,300 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 368 shares during the period. New Mexico Educational Retirement Board boosted its position in U.S. Bancorp by 8.2% in the 2nd quarter. New Mexico Educational Retirement Board now owns 67,661 shares of the financial services provider’s stock valued at $2,236,000 after buying an additional 5,100 shares during the last quarter. Mission Creek Capital Partners Inc. boosted its position in U.S. Bancorp by 86.9% in the 1st quarter. Mission Creek Capital Partners Inc. now owns 13,832 shares of the financial services provider’s stock valued at $499,000 after buying an additional 6,430 shares during the last quarter. WASHINGTON TRUST Co raised its stake in shares of U.S. Bancorp by 13.9% in the 2nd quarter. WASHINGTON TRUST Co now owns 2,590 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 317 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of U.S. Bancorp by 13.5% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,256 shares of the financial services provider’s stock valued at $1,033,000 after purchasing an additional 3,719 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.
U.S. Bancorp Stock Down 0.3 %
U.S. Bancorp stock traded down $0.15 during midday trading on Friday, reaching $45.18. The company’s stock had a trading volume of 9,804,991 shares, compared to its average volume of 13,469,239. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $49.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.92. The company has a market cap of $70.35 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.97 and a beta of 1.07. The business has a 50-day simple moving average of $35.51 and a 200-day simple moving average of $35.25.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. U.S. Bancorp had a return on equity of 15.80% and a net margin of 14.39%. The business had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.02 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that U.S. Bancorp will post 4.32 earnings per share for the current fiscal year.
U.S. Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.34%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.48. U.S. Bancorp’s payout ratio is 57.14%.
Wall Street Analyst Weigh In
USB has been the topic of several research reports. Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Friday. Piper Sandler raised their price objective on U.S. Bancorp from $38.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, December 8th. Bank of America lowered their price objective on U.S. Bancorp from $45.00 to $40.00 in a research note on Tuesday, October 10th. StockNews.com began coverage on U.S. Bancorp in a research note on Thursday, October 5th. They issued a “sell” rating for the company. Finally, Citigroup reduced their price target on U.S. Bancorp from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $45.52.
Read Our Latest Research Report on U.S. Bancorp
U.S. Bancorp Company Profile (Get Free Report)
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider U.S. Bancorp, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and U.S. Bancorp wasn’t on the list.
While U.S. Bancorp currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Original: MarketBeat News Feed: U.S. Bancorp Target of Unusually Large Options Trading (NYSE:USB)