U.S. Bancorp Sees Unusually Large Options Volume (NYSE:USB)

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

U.S. Bancorp Trading Up 2.5%

NYSE:USB traded up $1.42 on Tuesday, reaching $58.78. 18,916,869 shares of the stock traded hands, compared to its average volume of 12,160,204. The firm has a market capitalization of $91.36 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $58.86. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average is $53.73 and its 200-day moving average is $49.53.

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

U.S. Bancorp Announces Dividend

The firm 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. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.5%. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

Hedge Funds Weigh In On U.S. Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of U.S. Bancorp during the 2nd quarter valued at $971,285,000. Davis Selected Advisers increased its stake in U.S. Bancorp by 29.8% in the second quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider’s stock valued at $874,757,000 after purchasing an additional 4,442,623 shares in the last quarter. SG Americas Securities LLC increased its stake in U.S. Bancorp by 3,451.9% in the fourth quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock valued at $231,191,000 after purchasing an additional 4,210,676 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of U.S. Bancorp by 1,589.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock valued at $157,119,000 after purchasing an additional 3,266,724 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of U.S. Bancorp by 354.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock worth $129,205,000 after purchasing an additional 2,227,103 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. DA Davidson increased their price target on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Bank of America raised their price objective on U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 17th. Wells Fargo & Company increased their target price on U.S. Bancorp from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, Truist Financial boosted their price target on U.S. Bancorp from $58.00 to $61.00 and gave the stock a “hold” rating in a 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 issued a Sell rating to the company. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $58.19.

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.