Principal Securities Inc. and
Principal Financial Group Inc. have made significant purchases of
State Street Co. (STT) shares, reinforcing a positive dividend stock reputation. Insider sale activity, including from CFO
Eric Aboaf, was noted, and
International Assets Investment Management LLC has lowered its holdings. Renowned for a strong momentum stock and values, STT reported Q1 2024 and Q4 2023 results, beating earnings estimates. With
Dimensional Fund Advisors LP and
Mitsubishi UFJ Asset Management Co. Ltd. acquiring shares, STT has issued preferred stock and announced plans to take full ownership of its India venture. Future Q1 2024 financial results were also discussed. STT shares trailed the S&P500 by 14% YTD while increasing its dividend. A strategic partnership with diverse firms saw underwriting of $1bn senior debt, and plan to provide investment services to
AZ Quest. State Street Corp. appointed
Mark Shelton as General Counsel and announced a $100 million program for Minority Depository Institutions as part of its corporate social responsibility. Finally, possible acquisition of SocGen's custody business was reported.
State Street Corporation STT News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Sun, 19 May 2024 15:28:18 GMT -
Rating 7
- Innovation 5
- Rumor 6
