In a report released yesterday, Glenn Schorr from Evercore ISI maintained a Buy rating on State Street (STT – Research Report), with a price target of $88.00. The company’s shares closed yesterday at $75.95.
According to TipRanks, Schorr is a 4-star analyst with an average return of 7.5% and a 61.73% success rate. Schorr covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, BlackRock, and Citigroup.
In addition to Evercore ISI, State Street also received a Buy from Seaport Global’s James Mitchell in a report issued yesterday. However, on April 2, CFRA maintained a Sell rating on State Street (NYSE: STT).
The company has a one-year high of $79.18 and a one-year low of $61.67. Currently, State Street has an average volume of 2.26M.
Based on the recent corporate insider activity of 76 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.
Read More on STT:
- Regulators probe BlackRock, Vanguard, StateStreet over bank stakes, WSJ says
- AZ Quest selects State Street to provide fund accounting, administration
- State Street sees Q1 fee revenue outlook ‘a bit better,’ up 2%-2.5% y/y
- State Street sees Q1 expenses slightly better than prior guide
- State Street sees Q1 NII in line with prior guidance of flat to down 3% q/q
