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Unusual Call Option Trade in U.S. Bancorp Worth $487.5K
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On May 1, 2023 at 10:03:31 ET an unusually large $487.50K block of Call contracts in U.S. Bancorp (USB) was sold, with a strike price of $35.00 / share, expiring in 18 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.08 sigmas above the mean, placing it in the 96.83th percentile of all recent large trades made in USB options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 2655 funds or institutions reporting positions in U.S. Bancorp. This is an increase of 93 owner(s) or 3.63% in the last quarter. Average portfolio weight of all funds dedicated to USB is 0.50%, an increase of 30.79%. Total shares owned by institutions increased in the last three months by 5.33% to 1,321,426K shares. The put/call ratio of USB is 1.46, indicating a bearish outlook.
Analyst Price Forecast Suggests 34.45% Upside
As of April 24, 2023, the average one-year price target for U.S. Bancorp is $46.09. The forecasts range from a low of $37.37 to a high of $70.35. The average price target represents an increase of 34.45% from its latest reported closing price of $34.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for U.S. Bancorp is $29,557MM, an increase of 26.32%. The projected annual non-GAAP EPS is $5.10.
What are Other Shareholders Doing?
Telos Capital Management holds 11K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 11K shares, representing a decrease of 0.53%. The firm increased its portfolio allocation in USB by 78,722.91% over the last quarter.
MetLife Investment Management holds 353K shares representing 0.02% ownership of the company. In it’s prior filing, the firm reported owning 359K shares, representing a decrease of 1.63%. The firm decreased its portfolio allocation in USB by 3.66% over the last quarter.
SBFAX – 1919 Financial Services Fund holds 120K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 94K shares, representing an increase of 21.67%. The firm increased its portfolio allocation in USB by 33.44% over the last quarter.
Chicago Partners Investment Group holds 13K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 12K shares, representing an increase of 3.56%. The firm decreased its portfolio allocation in USB by 23.65% over the last quarter.
GWM Advisors holds 51K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 41K shares, representing an increase of 19.92%. The firm decreased its portfolio allocation in USB by 8.88% over the last quarter.
U.S. Bancorp Declares $0.48 Dividend
On March 14, 2023 the company declared a regular quarterly dividend of $0.48 per share ($1.92 annualized). Shareholders of record as of March 31, 2023 received the payment on April 17, 2023. Previously, the company paid $0.48 per share.
At the current share price of $34.28 / share, the stock’s dividend yield is 5.60%. Looking back five years and taking a sample every week, the average dividend yield has been 3.49%, the lowest has been 2.33%, and the highest has been 5.86%. The standard deviation of yields is 0.78 (n=237).
The current dividend yield is 2.70 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.49. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.
U.S. Bancorp. Background Information
(This description is provided by the company.)
U.S. Bancorp, with nearly 70,000 employees and $554 billion in assets as of Dec. 31, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank one of the 2020 World’s Most Ethical Companies.
See all U.S. Bancorp regulatory filings.
This article originally appeared on Fintel
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