Barclays Keeps Their Hold Rating on State Street (STT)
In a report released today, Jason Goldberg from Barclays maintained a Hold rating on State Street, with a price target of $165.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Goldberg is a 5-star analyst with an average return of 13.8% and a 69.54% success rate. Goldberg covers the Financial sector, focusing on stocks such as JPMorgan Chase, Fifth Third Bancorp, and Truist Financial.
In addition to Barclays, State Street also received a Hold from Bank of America Securities’s Ebrahim Poonawala in a report issued on April 6. However, on April 9, KBW 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:
