In a report released today, Betsy Graseck from Morgan Stanley maintained a Sell rating on State Street Corp (STT), with a price target of $58. The company’s shares closed last Monday at $60.51.
According to TipRanks.com, Graseck is a 4-star analyst with an average return of 5.6% and a 52.9% success rate. Graseck covers the Financial sector, focusing on stocks such as Discover Financial Services, Santander Consumer USA, and Capital One Financial.
State Street Corp has an analyst consensus of Hold, with a price target consensus of $62.33.
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The company has a one-year high of $90.20 and a one-year low of $48.62. Currently, State Street Corp has an average volume of 3.49M.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.
