State Street Corporation (STT) CAO Sells $15,725.00 in Stock

State Street Corporation (NYSE:STT) CAO Elizabeth Schaefer sold 170 shares of State Street Corporation stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $92.50, for a total value of $15,725.00. Following the completion of the sale, the chief accounting officer now directly owns 11,511 shares in the company, valued at approximately $1,064,767.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

State Street Corporation (STT) traded down $0.09 during trading on Monday, hitting $92.31. The stock had a trading volume of 1,932,100 shares, compared to its average volume of 1,972,658. State Street Corporation has a 52 week low of $74.45 and a 52 week high of $99.99. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $34,231.93, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36.

State Street Corporation (NYSE:STT) last posted its earnings results on Monday, October 23rd. The asset manager reported $1.71 EPS for the quarter, beating the consensus estimate of $1.61 by $0.10. State Street Corporation had a return on equity of 13.03% and a net margin of 20.56%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts predict that State Street Corporation will post 6.25 EPS for the current year.

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Institutional investors have recently bought and sold shares of the company. Zions Bancorporation grew its position in shares of State Street Corporation by 318.0% in the third quarter. Zions Bancorporation now owns 1,045 shares of the asset manager’s stock valued at $100,000 after purchasing an additional 795 shares during the last quarter. Parallel Advisors LLC grew its position in shares of State Street Corporation by 18.0% in the second quarter. Parallel Advisors LLC now owns 1,129 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 172 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of State Street Corporation in the second quarter valued at approximately $107,000. Bronfman E.L. Rothschild L.P. grew its position in shares of State Street Corporation by 15.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,266 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 168 shares during the last quarter. Finally, Sabal Trust CO acquired a new position in shares of State Street Corporation in the third quarter valued at approximately $201,000. 87.88% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on STT. ValuEngine downgraded State Street Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded State Street Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Wells Fargo & Company began coverage on State Street Corporation in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $115.00 target price on the stock. Barclays PLC lifted their target price on State Street Corporation from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $102.00 target price (up previously from $88.00) on shares of State Street Corporation in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $96.47.

State Street Corporation Company Profile

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.

Insider Buying and Selling by Quarter for State Street Corporation (NYSE:STT)

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