Press coverage about State Street (NYSE:STT) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. State Street earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 46.1911784798289 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
A number of analysts have recently issued reports on STT shares. Zacks Investment Research raised State Street from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Thursday, January 25th. Morgan Stanley lifted their price target on State Street from $114.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine downgraded State Street from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Citigroup upgraded State Street from a “neutral” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods set a $115.00 price objective on State Street and gave the stock a “buy” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $111.86.
STT opened at $97.49 on Friday. State Street has a one year low of $76.95 and a one year high of $114.27. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.61. The company has a market cap of $36,974.88, a PE ratio of 15.66, a P/E/G ratio of 1.31 and a beta of 1.31.
State Street (NYSE:STT) last released its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.10). The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.98 billion. State Street had a net margin of 17.94% and a return on equity of 13.41%. State Street’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $1.48 earnings per share. equities analysts anticipate that State Street will post 7.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued 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 1.72%. State Street’s payout ratio is 28.19%.
In other State Street news, EVP Andrew P. Kuritzkes sold 10,248 shares of State Street stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeff D. Conway sold 747 shares of State Street 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 worth $5,146,169. 0.71% of the stock is currently owned by company insiders.
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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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