KBW analyst Michael Brown maintained a Hold rating on State Street (STT – Research Report) yesterday and set a price target of $86.00. The company’s shares closed yesterday at $73.48.
Brown covers the Financial sector, focusing on stocks such as KKR & Co, T Rowe Price, and Apollo Global Management. According to TipRanks, Brown has an average return of 15.1% and a 61.29% success rate on recommended stocks.
Currently, the analyst consensus on State Street is a Moderate Buy with an average price target of $85.88.
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STT market cap is currently $22.22B and has a P/E ratio of 13.20.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
State Street (STT) Company Description:
State Street Corporation is a financial services and bank holding company. It provides a range of financial products and services to institutional investors worldwide including deposits, loans and lease financing, securities finance, trading services, portfolio modeling and construction, and wealth management solutions.
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