Trump signs order raising Canada tariffs to 35% from 25%
Jodi L. Richard, Vice Chair of US Bancorp (NYSE:USB), a $73.7 billion market cap bank with a notable 4.2% dividend yield and 54-year history of consistent dividend payments, has sold 30,000 shares of the company’s common stock. The transaction, which took place on February 6, 2025, was executed at a weighted average price of $47.587 per share, with prices ranging from $47.41 to $47.79. This sale amounted to a total value of approximately $1.43 million. Following this transaction, Richard retains ownership of 99,790 shares in the company. According to InvestingPro analysis, USB currently trades at an attractive P/E ratio of 12.5, with 5 analysts recently revising their earnings estimates upward for the upcoming period.
In other recent news, U.S. Bancorp (BVMF:USBC34) has been making headlines with a series of executive changes and financial updates. The company announced the retirement of Shailesh M. Kotwal, the Vice Chair of Payment Services, and the decision of Scott W. Wine not to seek re-election after his term concludes at the 2025 Annual Meeting of Shareholders. These developments are part of the company’s ongoing corporate governance dynamics.
In addition, Gunjan Kedia is set to succeed Andy Cecere as CEO of U.S. Bancorp. The transition is expected to occur after the annual shareholders’ meeting in mid-April, with Cecere moving into the role of executive chairman.
On the financial front, Piper Sandler adjusted its price target for U.S. Bancorp shares from $58.00 to $55.00, while maintaining an Overweight rating. This follows the company’s fourth-quarter earnings for 2024 and updated guidance. Similarly, Oppenheimer analysts increased their price target to $63 from $62, maintaining an Outperform rating. Lastly, Raymond (NSE:RYMD) James reaffirmed an Outperform rating and a $57.00 price target for U.S. Bancorp stock.
These are recent developments, and investors are advised to keep a close eye on U.S. Bancorp as it navigates these changes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.