US Bancorp DE Makes New Investment in Block, Inc. $XYZ

US Bancorp DE bought a new stake in Block, Inc. (NYSE:XYZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 426,465 shares of the technology company’s stock, valued at approximately $30,821,000. US Bancorp DE owned 0.07% of Block at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Howard Capital Management Inc. increased its stake in Block by 3.2% in the 3rd quarter. Howard Capital Management Inc. now owns 4,439 shares of the technology company’s stock valued at $321,000 after buying an additional 138 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Block by 23.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 853 shares of the technology company’s stock worth $66,000 after acquiring an additional 160 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Block by 0.8% in the third quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company’s stock valued at $1,561,000 after acquiring an additional 167 shares in the last quarter. Vista Investment Partners II LLC increased its stake in shares of Block by 3.6% during the third quarter. Vista Investment Partners II LLC now owns 5,334 shares of the technology company’s stock worth $385,000 after acquiring an additional 184 shares during the period. Finally, Rothschild Investment LLC increased its stake in shares of Block by 59.7% during the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XYZ shares. Piper Sandler lowered their price objective on Block from $55.00 to $51.00 and set an “underweight” rating on the stock in a report on Wednesday, January 14th. Bank of America raised their price target on Block from $86.00 to $88.00 and gave the company a “buy” rating in a report on Friday, November 21st. Raymond James Financial upgraded Block to a “moderate buy” rating in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Block in a research report on Monday, December 29th. Finally, Truist Financial set a $72.00 price target on Block in a research report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.97.

Block Price Performance

Block stock opened at $63.77 on Friday. Block, Inc. has a 12-month low of $44.27 and a 12-month high of $82.50. The stock has a market capitalization of $38.75 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 2.67. The firm’s 50-day moving average is $61.27 and its two-hundred day moving average is $68.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.18 and a quick ratio of 2.18.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.39. Block had a return on equity of 6.67% and a net margin of 5.40%.The company had revenue of $6.25 billion during the quarter. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. Equities analysts predict that Block, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Ajmere Dale sold 1,173 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $65.09, for a total transaction of $76,350.57. Following the completion of the sale, the chief accounting officer directly owned 98,412 shares in the company, valued at $6,405,637.08. This represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Amrita Ahuja sold 1,101 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $63.98, for a total value of $70,441.98. Following the completion of the transaction, the chief financial officer owned 271,864 shares in the company, valued at approximately $17,393,858.72. This trade represents a 0.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,797 shares of company stock worth $940,298 over the last 90 days. Corporate insiders own 10.85% of the company’s stock.

Key Headlines Impacting Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Management announced cuts of roughly 4,000 roles (nearly half the workforce) and said it will accelerate integrating AI to boost efficiency — a move investors interpreted as materially lowering future operating costs and improving margins. Reuters: Block shares soar as Dorsey leans on AI
• Positive Sentiment: Block reported Q4 results with EPS roughly in line with consensus and revenue up year-over-year (~$6.25B), and management raised 2026 outlook — the combination supported the rally. Zacks: Block Stock Soars
• Positive Sentiment: Multiple firms raised ratings/price targets (TD Cowen, Morgan Stanley, Needham, Oppenheimer, BTIG, Cantor Fitzgerald), signaling analyst confidence that the restructuring and AI investments boost long-term value. Benzinga roundup
• Neutral Sentiment: Macro headwinds and market volatility are present (weak futures / sector rotation), which could cap broader market upside even as Block-specific news drives the stock. Zacks: Oil Surges / Market Moves
• Negative Sentiment: The restructuring will incur substantial one-time costs (reported $450–$500M in severance and charges), which will weigh on near-term cash flow and reported results. WSJ: Layoff costs
• Negative Sentiment: Some analysts and commentators caution the boost from cuts and AI may not be durable; Seeking Alpha flagged a downgrade risk, and regulators/law firms (Halper Sadeh) are probing potential fiduciary issues — both represent execution and governance risks. Seeking Alpha: Downgrade concerns PR Newswire: Investor probe

Block Company Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.