Several recent market updates provide insights into
State Street Corporation (STT). The company's
First-Quarter 2024 Financial Results have been reported, though specifics remain undisclosed. However, Q4 2023 results demonstrated a mixed performance amid market challenges. Meanwhile, prominent investment firms continue to adjust their holdings in STT; Coldstream Capital acquired 170 shares, while Brown Advisory, Envestnet Portfolio Solutions, and Trexquant Investment LP bolstered their STT holdings. Conversely, Panagora Asset Management, Jump Financial, Janney Montgomery Scott and Private Advisor Group reduced their shares. Notably, the vice chairman and CFO,
Eric Aboaf, sold 12,000 of his STT shares. Despite fluctuating investments, analysts clearly view STT as a
strong dividend and value stock for long-term investment. Still, the company faced a downgrade from B of A Securities. On the business front, STT has announced the appointment of
Elizabeth Lynn as Global Head of Investor Relations. Additionally, it has enlarged its low-cost ETF with the introduction of the SPDR Portfolio ETF suite. There have also been reports of insider selling and a 6% decrease in STT stock since the start of 2023.
State Street Corporation STT News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 15:25:52 GMT -
Rating 8
- Innovation 4
- Information 6
- Rumor -6
