MINNEAPOLIS—James L. Chosy, Senior Executive Vice President and General Counsel at US Bancorp (NYSE:USB), a $73.7 billion market cap financial institution, recently executed significant transactions involving the company’s common stock. According to InvestingPro data, the bank currently trades at a P/E ratio of 12.46, suggesting an attractive valuation relative to its peers. According to a Form 4 filing with the Securities and Exchange Commission, Chosy sold 21,451 shares on February 5, 2025, at a weighted average price of $47.65 per share, amounting to a total of approximately $1.02 million.
On the same day, Chosy exercised options to acquire 22,451 shares at a price of $44.32 per share, valued at approximately $995,028. Following these transactions, Chosy holds 198,127 shares directly, with additional indirect holdings through trusts.
In other recent news, US Bancorp has been the subject of several significant developments. The company announced key changes in its executive team, with Vice Chair of Payment Services, Shailesh M. Kotwal, set to end his current role in 2025, and Scott W. Wine deciding not to seek re-election to the Board of Directors after his term concludes at the 2025 Annual Meeting of Shareholders.
Further, Gunjan Kedia is set to succeed Andy Cecere as CEO in mid-April, a transition that has been met with optimism by the US Bancorp board.
In terms of financial analysis, Piper Sandler adjusted its price target for U.S. Bancorp (BVMF:USBC34) shares from $58.00 to $55.00, maintaining an Overweight rating. The firm cited an increase in the estimated earnings per share (EPS) for 2025, and a slight reduction for 2026.
Oppenheimer analysts, however, increased their price target on shares of U.S. Bancorp to $63 from $62, while maintaining an Outperform rating. This followed U.S. Bancorp’s fourth-quarter earnings report, which revealed slightly lower-than-expected earnings per share (EPS).
Lastly, despite a conservative guidance from the company, Raymond (NSE:RYMD) James analyst Michael Rose reaffirmed an Outperform rating and a $57.00 price target for U.S. Bancorp stock. These recent developments provide a snapshot of the ongoing changes within US Bancorp.
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