State Street (STT) Gets a Hold from RBC Capital
In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Hold rating on State Street, with a price target of $135.00.
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Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group, JPMorgan Chase, and PNC Financial. According to TipRanks, Cassidy has an average return of 13.9% and a 65.07% success rate on recommended stocks.
In addition to RBC Capital, State Street also received a Hold from TipRanks – xAI’s xAi Asset Management in a report issued on March 24. However, on the same day, TipRanks – PerPlexity reiterated a Buy rating on State Street (NYSE: STT).
Based on State Street’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.59 billion and a net profit of $747 million. In comparison, last year the company earned a revenue of $5.67 billion and had a net profit of $783 million
Based on the recent corporate insider activity of 83 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. Earlier this month, JOHN PLANSKY, the EVP of STT sold 16,100.00 shares for a total of $2,001,552.00.
Read More on STT:
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