Media headlines about State Street (NYSE:STT) have trended somewhat positive on Thursday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. State Street earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 46.1911784798289 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
Shares of State Street (NYSE:STT) traded up $0.12 during midday trading on Thursday, reaching $105.90. 1,629,589 shares of the company’s stock were exchanged, compared to its average volume of 1,879,478. State Street has a twelve month low of $75.27 and a twelve month high of $114.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $39,460.22, a PE ratio of 20.25, a P/E/G ratio of 1.40 and a beta of 1.29.
State Street (NYSE:STT) last issued its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.10). State Street had a net margin of 17.94% and a return on equity of 13.41%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. sell-side analysts forecast that State Street will post 7.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, March 29th. State Street’s payout ratio is currently 32.12%.
STT has been the topic of several research analyst reports. Citigroup upgraded shares of State Street from a “neutral” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods upgraded shares of State Street from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of State Street from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Buckingham Research upped their price objective on shares of State Street from $124.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Bank of America upped their price objective on shares of State Street from $108.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $108.33.
In other news, CEO Joseph L. Hooley sold 33,568 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $102.65, for a total transaction of $3,445,755.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew P. Kuritzkes sold 10,248 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $108.17, for a total value of $1,108,526.16. The disclosure for this sale can be found here. Insiders have sold 49,531 shares of company stock worth $5,146,169 over the last quarter. Company insiders own 0.71% of the company’s stock.
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About State Street
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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