On March 10, 2023 at 09:33:30 ET an unusually large $440.00K block of Put contracts in U.S. Bancorp (USB) was bought, with a strike price of $40.00 / share, expiring in 70 days (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.38 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in USB options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 33.07% Upside
As of March 10, 2023, the average one-year price target for U.S. Bancorp is $56.29. The forecasts range from a low of $44.44 to a high of $80.85. The average price target represents an increase of 33.07% from its latest reported closing price of $42.30.
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 33.49%. The projected annual non-GAAP EPS is $5.10.
What is the Fund Sentiment?
There are 2670 funds or institutions reporting positions in U.S. Bancorp. This is an increase of 132 owner(s) or 5.20% in the last quarter. Average portfolio weight of all funds dedicated to USB is 0.45%, an increase of 6.26%. Total shares owned by institutions increased in the last three months by 5.36% to 1,322,910K shares. The put/call ratio of USB is 0.49, indicating a bullish outlook.
What are Large Shareholders Doing?
Jpmorgan Chase & holds 59,026K shares representing 3.85% ownership of the company. No change in the last quarter.
MUFG Bank holds 44,374K shares representing 2.90% ownership of the company.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 42,905K shares representing 2.80% ownership of the company. In it’s prior filing, the firm reported owning 39,850K shares, representing an increase of 7.12%. The firm increased its portfolio allocation in USB by 7.54% over the last quarter.
Price T Rowe Associates holds 32,757K shares representing 2.14% ownership of the company. In it’s prior filing, the firm reported owning 3,236K shares, representing an increase of 90.12%. The firm increased its portfolio allocation in USB by 975.19% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 31,257K shares representing 2.04% ownership of the company. In it’s prior filing, the firm reported owning 30,650K shares, representing an increase of 1.94%. The firm increased its portfolio allocation in USB by 1.62% over the last quarter.
U.S. Bancorp Declares $0.48 Dividend
On December 13, 2022 the company declared a regular quarterly dividend of $0.48 per share ($1.92 annualized). Shareholders of record as of December 30, 2022 received the payment on January 17, 2023. Previously, the company paid $0.48 per share.
At the current share price of $42.30 / share, the stock’s dividend yield is 4.54%. Looking back five years and taking a sample every week, the average dividend yield has been 3.39%, the lowest has been 2.18%, and the highest has been 5.81%. The standard deviation of yields is 0.73 (n=237).
The current dividend yield is 1.58 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.50. 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.
This article originally appeared on Fintel
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