State Street (STT) Stock Rating Reaffirmed by Sandler O’Neill

State Street (NYSE:STT)‘s stock had its “hold” rating reaffirmed by stock analysts at Sandler O’Neill in a report issued on Monday. They presently have a $104.00 price objective on the asset manager’s stock. Sandler O’Neill’s price objective points to a potential upside of 4.41% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Deutsche Bank reduced their price target on shares of State Street from $114.00 to $108.00 and set a “hold” rating for the company in a report on Friday. Keefe, Bruyette & Woods set a $115.00 price target on shares of State Street and gave the company a “buy” rating in a report on Wednesday, April 4th. ValuEngine downgraded shares of State Street from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Morgan Stanley boosted their price target on shares of State Street from $114.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of State Street from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Thursday, January 25th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $111.33.

How to Become a New Pot Stock Millionaire

State Street stock traded up $2.12 during mid-day trading on Monday, reaching $99.61. The company’s stock had a trading volume of 482,313 shares, compared to its average volume of 1,821,428. The company has a market cap of $35,842.51, a PE ratio of 16.72, a P/E/G ratio of 1.27 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.49 and a quick ratio of 0.49. State Street has a twelve month low of $76.95 and a twelve month high of $114.27.

State Street (NYSE:STT) last announced its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.10). State Street had a net margin of 17.94% and a return on equity of 13.41%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm posted $1.48 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. equities research analysts anticipate that State Street will post 7.69 earnings per share for the current year.

In other State Street news, CEO Joseph L. Hooley sold 33,568 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $102.65, for a total value of $3,445,755.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeff D. Conway sold 747 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $103.07, for a total transaction of $76,993.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,531 shares of company stock worth $5,146,169. Company insiders own 0.71% of the company’s stock.

Institutional investors have recently modified their holdings of the business. HBK Sorce Advisory LLC bought a new stake in State Street in the fourth quarter worth about $653,000. First Trust Advisors LP raised its position in State Street by 7.9% in the fourth quarter. First Trust Advisors LP now owns 254,980 shares of the asset manager’s stock worth $24,889,000 after acquiring an additional 18,704 shares in the last quarter. Deutsche Bank AG raised its position in State Street by 44.5% in the fourth quarter. Deutsche Bank AG now owns 1,075,508 shares of the asset manager’s stock worth $104,975,000 after acquiring an additional 331,230 shares in the last quarter. Baird Financial Group Inc. raised its position in State Street by 10.9% in the fourth quarter. Baird Financial Group Inc. now owns 10,348 shares of the asset manager’s stock worth $1,010,000 after acquiring an additional 1,015 shares in the last quarter. Finally, Unio Capital LLC bought a new stake in State Street in the fourth quarter worth about $532,000. Hedge funds and other institutional investors own 88.48% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “State Street (STT) Stock Rating Reaffirmed by Sandler O’Neill” was reported by Ticker Report and is the property of of Ticker Report. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/3343700/state-street-stt-stock-rating-reaffirmed-by-sandler-oneill.html.

State Street 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.

Analyst Recommendations for State Street (NYSE:STT)

Receive News & Ratings for State Street Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Street and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Fortuna  Market Capitalization Tops $24.86 Million
Fortuna Market Capitalization Tops $24.86 Million
Axiom  Hits 24 Hour Trading Volume of $16.00
Axiom Hits 24 Hour Trading Volume of $16.00
Darcrus Market Capitalization Hits $2.93 Million
Darcrus Market Capitalization Hits $2.93 Million
$695.69 Million in Sales Expected for PRA Health Sciences  This Quarter
$695.69 Million in Sales Expected for PRA Health Sciences This Quarter
Navios Maritime Midstream  Expected to Post Earnings of $0.17 Per Share
Navios Maritime Midstream Expected to Post Earnings of $0.17 Per Share
Anika Therapeutics Inc  Receives Average Recommendation of “Hold” from Brokerages
Anika Therapeutics Inc Receives Average Recommendation of “Hold” from Brokerages


Leave a Reply

© 2006-2018 Ticker Report. Google+.