The stock of State Street Corp. (NYSE:STT) last traded at $73.29, down -1.35% from the previous session.
STT stock price is now -0.95% away from the 50-day moving average and 2.21% away from the 200-day moving average. The market capitalization of the company currently stands at $22.13B.
With the price target maintained at $81, BofA Securities recently Downgraded its rating from Neutral to Underperform for State Street Corp. (NYSE: STT). On January 03, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $69 to quote $92, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Bisegna Anthony, Executive Vice President sold 4,258 shares of the company’s stock on Mar 01 ’24. The stock was sold for $313,559 at an average price of $73.64. Upon completion of the transaction, the Executive Vice President now directly owns 23,328 shares in the company, valued at $1.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, Vice Chairman and CFO Aboaf Eric W. sold 12,000 shares of the business’s stock. A total of $886,800 was realized by selling the stock at an average price of $73.90. This leaves the insider owning 149,063 shares of the company worth $10.92 million. A total of 0.74% of the company’s stock is owned by insiders.
During the past 12 months, State Street Corp. has had a low of $62.78 and a high of $79.90.
According to the Asset Management Company, earnings per share came in at 2.17, beating analysts’ expectations of 2.1 by 0.07. This compares to $1.52 EPS in the same period last year. The net profit margin was 9.05% and return on equity was 7.56% for STT. The company reported revenue of $2.89 billion for the quarter, compared to $2.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.53 percent. For the current quarter, analysts expect STT to generate $3.14B in revenue.
