State Street Corporation (STT) has had a bustling few months with various financial activities, evident by the purchase and sale of its shares by different significant entities. Large investment groups such as
American International Group,
Mather Group LLC, and
Nomura Holdings Inc. have been involved in these transactions. However, STT's shares have also plummeted due to insider selling following recent earnings, as noticed by the sale made by the corporation's
Vice Chairman and CFO Eric Aboaf. Furthermore,
institutional investors like
HighPoint Advisor Group LLC and
Par Capital Management Inc have made new investments. Quarterly earnings for both Q4 2023 and Q1 2024 were reported, with
revenues surpassing estimates, and STT announcing plans to redeem $1.0B of Preferred Stock in Q1 2024. STT has also completed its acquisition of
CF Global Trading, continued its expansion efforts, and made significant deposits to Minority Depository Institutions and Community Development. Recently, the corporation has announced partnership with diverse firms to underwrite $1b of senior debt and was rated as a top dividend and value stock for long-term investment. STT stock has been shaky, underperforming the market and trailing the S&P500 by 14% YTD.
State Street Corporation STT News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Sat, 22 Jun 2024 14:14:07 GMT -
Rating 2
- Innovation 0
- Information 7
- Rumor -2
