State Street Corp. EVP Unloads $821,268 in Stock (STT)
State Street Corp. (NYSE:STT) EVP Peter O’neill sold 12,600 shares of State Street Corp. stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $65.18, for a total transaction of $821,268.00. Following the sale, the executive vice president now directly owns 121,465 shares in the company, valued at approximately $7,917,089. The sale was disclosed in a legal filing with the SEC, which is available at this link.
State Street Corp. (NYSE:STT) traded up 2.46% on Thursday, hitting $65.92. The stock had a trading volume of 2,327,236 shares. State Street Corp. has a 1-year low of $54.57 and a 1-year high of $76.24. The stock’s 50-day moving average is $71.96 and its 200-day moving average is $69.78. The company has a market cap of $28.618 billion and a P/E ratio of 13.93.
State Street Corp. (NYSE:STT) last issued its quarterly earnings data on Friday, January 24th. The company reported $1.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.20 by $0.05. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company posted $1.11 earnings per share. State Street Corp.’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that State Street Corp. will post $5.12 EPS for the current fiscal year.
A number of analysts have recently weighed in on STT shares. Analysts at Jefferies Group raised their price target on shares of State Street Corp. from $80.00 to $86.00 in a research note to investors on Tuesday, January 7th. Separately, analysts at Barclays raised their price target on shares of State Street Corp. from $75.00 to $83.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of State Street Corp. from $74.00 to $76.00 in a research note to investors on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.65.
State Street Corporation (NYSE:STT) is a financial holding company.
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