Shares of State Street Corp. (NYSE:STT) have been assigned an average rating of “Hold” from the fifteen research firms that are currently covering the stock. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $73.25.

A number of equities research analysts have recently commented on STT shares. Zacks Investment Research raised State Street Corp. from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, November 15th. Barclays PLC reaffirmed a “buy” rating and issued a $71.00 price objective on shares of State Street Corp. in a research report on Tuesday, October 11th. Deutsche Bank AG lifted their price objective on State Street Corp. from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, September 9th. lifted their price objective on State Street Corp. from $60.00 to $73.00 and gave the company an “underperform” rating in a research report on Friday, September 23rd. Finally, Jefferies Group lifted their price objective on State Street Corp. from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, October 10th.

Shares of State Street Corp. (NYSE:STT) opened at 78.44 on Wednesday. State Street Corp. has a one year low of $50.60 and a one year high of $79.27. The firm’s 50-day moving average price is $73.10 and its 200 day moving average price is $65.93. The stock has a market cap of $30.26 billion, a P/E ratio of 16.05 and a beta of 1.32.

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

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In other news, EVP Karen C. Keenan sold 1,000 shares of State Street Corp. stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $70.57, for a total transaction of $70,570.00. Following the sale, the executive vice president now directly owns 48,547 shares of the company’s stock, valued at $3,425,961.79. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Karen C. Keenan sold 7,500 shares of State Street Corp. stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $70.00, for a total value of $525,000.00. Following the sale, the executive vice president now directly owns 49,547 shares in the company, valued at $3,468,290. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of State Street Corp. by 30.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 40,812 shares of the company’s stock worth $2,201,000 after buying an additional 9,500 shares during the last quarter. Capital Analysts LLC raised its stake in shares of State Street Corp. by 3,579.7% in the second quarter. Capital Analysts LLC now owns 12,879 shares of the company’s stock worth $3,297,000 after buying an additional 12,529 shares during the last quarter. Country Trust Bank raised its stake in shares of State Street Corp. by 0.7% in the second quarter. Country Trust Bank now owns 462,454 shares of the company’s stock worth $24,936,000 after buying an additional 3,311 shares during the last quarter. Gillespie Robinson & Grimm Inc. raised its stake in shares of State Street Corp. by 4.7% in the second quarter. Gillespie Robinson & Grimm Inc. now owns 342,414 shares of the company’s stock worth $18,463,000 after buying an additional 15,379 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. raised its stake in shares of State Street Corp. by 0.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 46,449 shares of the company’s stock worth $2,505,000 after buying an additional 300 shares during the last quarter. 86.32% of the stock is currently owned by institutional investors and hedge funds.

State Street Corp. Company Profile

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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