State Street (STT) Receives a Hold from RBC Capital

RBC Capital analyst Gerard Cassidy maintained a Hold rating on State Street on April 17 and set a price target of $155.00. The company’s shares closed last Friday at $145.43.

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Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase, Fifth Third Bancorp, and Goldman Sachs Group. According to TipRanks, Cassidy has an average return of 14.5% and a 71.31% success rate on recommended stocks.

Currently, the analyst consensus on State Street is a Moderate Buy with an average price target of $156.61, implying a 7.69% upside from current levels. In a report released today, Truist Financial also reiterated a Hold rating on the stock with a $150.00 price target.

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.