Media headlines about State Street (NYSE:STT) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. State Street earned a daily sentiment score of 0.33 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 45.8286270069932 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- State Street Corporation (STT) stock exposed movement of -1.10% for the previous five trading days – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- State Street CEO Hooley earns biggest-ever paycheck – Boston Business Journal (bizjournals.com)
- State Street CEO Gets Highest Pay in 2017, 26% Rise Y/Y – Nasdaq (nasdaq.com)
STT has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded shares of State Street from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Tuesday, December 12th. Barclays upped their price objective on shares of State Street from $104.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research cut shares of State Street from a “buy” rating to a “hold” rating and set a $109.00 price objective for the company. in a research report on Friday, January 5th. Vining Sparks restated a “buy” rating and issued a $120.00 price objective on shares of State Street in a research report on Monday, January 8th. Finally, Jefferies Group reiterated a “hold” rating and set a $107.00 target price on shares of State Street in a report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $110.21.
State Street (NYSE:STT) last posted its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $1.61 EPS for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.10). State Street had a return on equity of 13.41% and a net margin of 17.94%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. research analysts anticipate that State Street will post 7.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.57%. State Street’s dividend payout ratio is 32.12%.
In other news, EVP Andrew P. Kuritzkes sold 10,248 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $108.17, for a total transaction of $1,108,526.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeff D. Conway sold 747 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $103.07, for a total transaction of $76,993.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,531 shares of company stock valued at $5,146,169. Company insiders own 0.71% of the company’s stock.
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State Street Company Profile
State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.
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