State Street (STT) Earns News Impact Rating of 2.29

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News headlines about State Street (NYSE:STT) have been trending positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. State Street earned a news impact score of 2.29 on their scale. InfoTrie also gave media stories about the asset manager an news buzz score of 8 out of 10, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the next few days.

These are some of the news headlines that may have effected State Street’s ranking:

Shares of STT stock traded down $1.09 during mid-day trading on Friday, hitting $72.25. The company’s stock had a trading volume of 1,928,588 shares, compared to its average volume of 4,066,947. State Street has a 52 week low of $65.81 and a 52 week high of $114.27. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm has a market cap of $28.08 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.34.

State Street (NYSE:STT) last posted its quarterly earnings data on Friday, October 19th. The asset manager reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.02). State Street had a return on equity of 14.99% and a net margin of 19.90%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the business posted $1.71 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that State Street will post 7.42 earnings per share for the current year.

Several research analysts recently issued reports on the company. Sandler O’Neill reaffirmed a “hold” rating on shares of State Street in a research report on Friday, July 13th. ValuEngine raised State Street from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Bank of America lowered their price objective on State Street from $104.00 to $97.00 and set a “neutral” rating for the company in a research report on Wednesday, July 25th. Wolfe Research began coverage on State Street in a research report on Tuesday, September 25th. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $91.00 price objective on shares of State Street in a research report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. State Street has an average rating of “Hold” and an average target price of $103.07.

In other news, insider Jeff D. Conway sold 343 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $83.16, for a total value of $28,523.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Saint-Aignan Patrick De bought 500 shares of State Street stock in a transaction dated Tuesday, October 23rd. The stock was purchased at an average price of $68.62 per share, with a total value of $34,310.00. Following the completion of the purchase, the director now owns 25,138 shares in the company, valued at $1,724,969.56. The disclosure for this purchase can be found here. Over the last three months, insiders sold 26,954 shares of company stock valued at $2,237,777. Corporate insiders own 0.40% of the company’s stock.

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State Street Company Profile

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.

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