Large Inflow of Money Detected in U.S. Bancorp

U.S. Bancorp (USB) : Investors lapped up stocks on upticks to the tune of $26.67 million in the Wednesdays trading session. The trading value on downticks was comparatively at $19.63 million and the uptick to downtick ratio of 1.36 indicates continuous buying by the bulls. The net money flow into the stock was $7.04 million. The block trades were dominated by the bulls with a healthy 5.02, uptick to downtick ratio. Only $1.69 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $8.49 clearly indicating buying by large investors. The total money flow for block trades stood at $6.8 million, which is a positive for the stock in the long-term. U.S. Bancorp (USB) fell $0.01 during the day at $41.96, a drop of -0.03% over the previous days close. However, for the week, the stock is 0.16%, compared to the previous week.


Also, Major Brokerage house, Keefe Bruyette & Woods maintains its ratings on U.S. Bancorp (NYSE:USB). In the latest research report, Keefe Bruyette & Woods lowers the target price from $45 per share to $43 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on July 5, 2016.

U.S. Bancorp (NYSE:USB): The stock was completely flat for the day, closing at $41.97 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $42.10, the stock touched an intraday high of $42.16 and a low of $41.90. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $41.97. The total trading volume on Wednesday was 4,924,347.

The stock has recorded a 20-day Moving Average of 3.95% and the 50-Day Moving Average is 1.91%. In a related news, The Securities and Exchange Commission has divulged that Gifford Craig E, officer (EVP and Controller) of Us Bancorp De, had unloaded 400 shares at an average price of $41.73 in a transaction dated on May 18, 2016. The total value of the transaction was worth $16,692.

U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Companys domestic markets, to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.

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