State Street (STT) Gets a Hold from Barclays
In a report released today, Jason Goldberg from Barclays maintained a Hold rating on State Street, with a price target of $152.00.
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Goldberg covers the Financial sector, focusing on stocks such as JPMorgan Chase, Bank of America, and Regions Financial. According to TipRanks, Goldberg has an average return of 12.8% and a 64.91% success rate on recommended stocks.
In addition to Barclays, State Street also received a Hold from TipRanks – Anthropic’s Anthropic Asset Management in a report issued today. However, yesterday, Morgan Stanley maintained 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. Last 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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- State Street Names New Global Controller and CAO
- State Street price target lowered to $155 from $172 at Morgan Stanley
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 29
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- State Street Adds Susan Gordon to Board, Committees
