RBC Capital analyst Gerard Cassidy maintained a Hold rating on State Street (STT) on October 17 and set a price target of $70.00. The company’s shares closed last Friday at $66.58.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 21.2% and a 76.0% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Fifth Third Bancorp, and Goldman Sachs Group.
Currently, the analyst consensus on State Street is a Moderate Buy with an average price target of $69.75, a 4.1% upside from current levels. In a report issued on October 9, Deutsche Bank also maintained a Hold rating on the stock with a $64.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $85.89 and a one-year low of $42.10. Currently, State Street has an average volume of 2.15M.
Based on the recent corporate insider activity of 59 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1969 and is headquartered in Boston, MA.
