State Street Corp. (NYSE:STT) EVP Jeffrey N. Carp sold 2,926 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $77.38, for a total transaction of $226,413.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jeffrey N. Carp also recently made the following trade(s):

  • On Monday, October 3rd, Jeffrey N. Carp sold 15,000 shares of State Street Corp. stock. The shares were sold at an average price of $69.26, for a total transaction of $1,038,900.00.

Shares of State Street Corp. (NYSE:STT) opened at 78.52 on Friday. The firm has a 50-day moving average of $71.98 and a 200-day moving average of $65.26. State Street Corp. has a one year low of $50.60 and a one year high of $79.27. The firm has a market capitalization of $30.29 billion, a P/E ratio of 16.07 and a beta of 1.32.

State Street Corp. (NYSE:STT) last released its quarterly earnings data on Wednesday, October 26th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.10. State Street Corp. had a return on equity of 11.59% and a net margin of 19.97%. The firm earned $2.62 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict that State Street Corp. will post $5.09 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. bought a new position in State Street Corp. during the second quarter valued at about $223,563,000. Yacktman Asset Management LP raised its position in State Street Corp. by 0.9% in the second quarter. Yacktman Asset Management LP now owns 1,690,800 shares of the company’s stock valued at $91,168,000 after buying an additional 15,000 shares in the last quarter. Brandes Investment Partners LP raised its position in State Street Corp. by 2.2% in the second quarter. Brandes Investment Partners LP now owns 2,678,770 shares of the company’s stock valued at $144,439,000 after buying an additional 58,873 shares in the last quarter. Legal & General Group Plc raised its position in State Street Corp. by 4.6% in the first quarter. Legal & General Group Plc now owns 1,839,918 shares of the company’s stock valued at $107,671,000 after buying an additional 81,262 shares in the last quarter. Finally, Strs Ohio raised its position in State Street Corp. by 0.3% in the second quarter. Strs Ohio now owns 650,842 shares of the company’s stock valued at $35,093,000 after buying an additional 2,180 shares in the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.

STT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of State Street Corp. from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Tuesday, September 6th. Jefferies Group boosted their target price on shares of State Street Corp. from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th. TheStreet upgraded shares of State Street Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Barclays PLC reiterated a “buy” rating and set a $71.00 target price on shares of State Street Corp. in a research note on Tuesday, October 11th. Finally, Morgan Stanley upgraded shares of State Street Corp. from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $64.00 to $84.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $72.81.

About State Street Corp.

State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world.

5 Day Chart for NYSE:STT

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