Large Outflow of Money Witnessed in U.S. Bancorp

U.S. Bancorp (USB) jumped 0.38 points or 0.72% on strong buying and was last priced at $53.03 per share. The shares saw huge fund flow intraday; a massive $58.32 million made their way in through the upticks but an even bigger $69.79 million made their way out through downticks. As per the last observation, the net money flow stood at $(-11.47) million and the up/down ratio was found to be 0.84. The shares have seen a weekly value change of 0.08% .A block trade was recorded in the company shares with a net money flow of $(-9.14) million. The composite value of the funds in upticks was $8.58 million and the total value of funds in downticks was $17.72. As can be seen from the data, the block transaction had the up/down ratio of 0.48.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of U.S. Bancorp rose by 1.11% in the last five trading days and 3.23% for the last 4 weeks. U.S. Bancorp is up 19.11% in the last 3-month period. Year-to-Date the stock performance stands at 3.23%. U.S. Bancorp (NYSE:USB) rose 0.72% or 0.38 points on Wednesday and made its way into the gainers of the day. After trading began at $53.16 the stock was seen hitting $53.635 as a peak level and $52.97 as the lowest level. The stock ended up at $53.03. The daily volume was measured at 8,413,794 shares. The 52-week high of the share price is $53.635 and the 52-week low is $37.07. The company has a market cap of $89,992 million.

Company has reported several Insider transactions to the SEC, on Jan 31, 2017, Kent V. Stone (Vice Chairman) sold 14,009 shares at 53.05 per share price.On Jan 31, 2017, Jennie P Carlson (EVP, Human Resources) sold 20,000 shares at 53.10 per share price.On Jan 27, 2017, David B Omaley (director) sold 11,650 shares at 52.54 per share price.

U.S. Bancorp Last issued its quarterly earnings results on Jan 18, 2017. The company reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.81. The company had revenue of $5435.00 million for the quarter, compared to analysts expectations of $5381.85 million. The companys revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Wedbush on Jan 19, 2017 to Neutral, Raises Price Target to $ 52 from a previous price target of $51 .U.S. Bancorp was Initiated by UBS on Jan 11, 2017 to Buy, Price Target of the shares are set at $60.Company shares were Reiterated by Barclays on Jan 3, 2017 to Overweight, Raises Price Target to $ 60 from a previous price target of $51 .U.S. Bancorp was Downgraded by Susquehanna to Neutral on Dec 1, 2016. Company shares were Reiterated by Wedbush on Nov 30, 2016 to Neutral, Raises Price Target to $ 50 from a previous price target of $49 .

U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.


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