Cannon Global Investment Management LLC has acquired 6,700 shares in
State Street Corporation (NYSE:STT). This comes along with other purchases; The
Sumitomo Mitsui Trust Group Inc. bought 48,668 shares and
Pacific Heights Asset Management LLC got 5,000.
State Street also announced an 11%
dividend increase after passing the Fed's stress test. This new development situates it as a high yielding stock in a stress-tested financial landscape. However, some parties reduced their stockholdings, including the
Teacher Retirement System of Texas,
Vontobel Holding Ltd., and
Bessemer Group Inc. Notwithstanding, the company's stock forecast remains robust with its price expected to rise, as stated by a Truist Financial Analyst. In recent strategic moves,
State Street and
UC Investments have formed an alliance to expand access to wealth-building tools for individuals. Furthermore,
State Street Global Advisors has rebranded as
State Street Investment Management reflecting a new phase in its business operations.
State Street Corporation STT News Analytics from Sat, 14 Dec 2024 08:00:00 GMT to Sat, 05 Jul 2025 22:01:28 GMT -
Rating 5
- Innovation -2
- Information 4
- Rumor -2
