U.S. Bancorp (NYSE:USB – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 14,126 call options on the company. This is an increase of approximately 74% compared to the typical daily volume of 8,101 call options.
U.S. Bancorp Price Performance
NYSE USB traded up $1.11 during trading hours on Thursday, hitting $61.22. 2,580,664 shares of the company’s stock traded hands, compared to its average volume of 10,174,158. The company has a market capitalization of $94.96 billion, a PE ratio of 12.82, a PEG ratio of 1.04 and a beta of 0.97. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 52-week low of $43.46 and a 52-week high of $61.88. The firm’s 50-day moving average is $55.90 and its 200-day moving average is $55.09.
U.S. Bancorp (NYSE:USB – Get Free Report) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. Equities analysts forecast that U.S. Bancorp will post 5.08 EPS for the current fiscal year.
U.S. Bancorp Announces Dividend
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on USB. Morgan Stanley set a $64.00 price target on shares of U.S. Bancorp in a research note on Friday, April 17th. Jefferies Financial Group restated a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research report on Thursday, April 16th. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. DA Davidson reiterated a “buy” rating and set a $65.00 price target on shares of U.S. Bancorp in a research report on Friday, April 17th. Finally, Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.29.
Read Our Latest Analysis on U.S. Bancorp
Insiders Place Their Bets
In related news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider owned 207,251 shares of the company’s stock, valued at $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.
Institutional Trading of U.S. Bancorp
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of U.S. Bancorp by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock worth $7,810,665,000 after acquiring an additional 1,828,404 shares during the period. State Street Corp grew its holdings in shares of U.S. Bancorp by 0.8% in the fourth quarter. State Street Corp now owns 69,701,898 shares of the financial services provider’s stock valued at $3,755,083,000 after purchasing an additional 522,368 shares during the period. Geode Capital Management LLC increased its position in U.S. Bancorp by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 37,679,617 shares of the financial services provider’s stock worth $2,002,518,000 after purchasing an additional 443,646 shares during the last quarter. Norges Bank acquired a new stake in U.S. Bancorp during the fourth quarter worth about $1,887,497,000. Finally, Auto Owners Insurance Co raised its stake in U.S. Bancorp by 5,236.0% during the fourth quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock worth $1,779,556,000 after purchasing an additional 32,725,000 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.
About U.S. Bancorp
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.
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