From the above information, it's clear that State Street Corporation (STT) remains a major player in the asset management industry. Despite CFO Eric Aboaf's insider sale of 12,000 shares, the company has seen significant activity from Dimensional Fund Advisors LP and Teacher Retirement System of Texas increasing their positions. Additionally, State Street has a solid consensus recommendation of “Hold” and a target price of $84.04. However, its Q1 earnings and revenues did not meet expectations. Notwithstanding, it's praised for its dividend yield and it has a positive momentum in the long-term aspect. State Street's leadership had mixed reactions from shareholders, but it's recognised as a strong value stock. It issued preferred stock and declared dividends on common and non-cumulative perpetual preferred stock, while it also beat earnings estimates and showed fee revenue growth. Its partnership with FNZ to expand wealth manager services is worth mentioning as well. Lastly, State Street is expanding its presence in global markets including Latin America.
State Street Corporation STT News Analytics from Mon, 17 Jul 2023 07:00:00 GMT to Thu, 16 May 2024 23:01:52 GMT -
Rating 5
- Innovation -4
- Information 6
- Rumor -2
