State Street Corporation (NYSE:STT) insider Andrew Erickson sold 354 shares of State Street Corporation stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $92.00, for a total value of $32,568.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of State Street Corporation (STT) opened at $92.31 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $34,231.93, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36. State Street Corporation has a 1 year low of $74.45 and a 1 year high of $99.99.
State Street Corporation (NYSE:STT) last issued its earnings results on Monday, October 23rd. The asset manager reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.10. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. State Street Corporation had a return on equity of 13.03% and a net margin of 20.56%. State Street Corporation’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. equities research analysts predict that State Street Corporation will post 6.25 earnings per share for the current year.
Several research firms have weighed in on STT. Wells Fargo & Company began coverage on State Street Corporation in a report on Wednesday, August 9th. They set an “outperform” rating and a $115.00 price target for the company. Zacks Investment Research cut State Street Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada cut their price target on State Street Corporation from $104.00 to $95.00 and set a “sector perform” rating for the company in a report on Tuesday, October 24th. Jefferies Group LLC restated a “hold” rating and set a $100.00 price target on shares of State Street Corporation in a report on Friday, September 15th. Finally, ValuEngine cut State Street Corporation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $96.47.
About State Street Corporation
State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.
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