Deutsche Bank Maintains State Street Corp to Hold with Price Target $64.00

Brokerage firm Deutsche Bank Maintains its rating on State Street Corp(NYSE:STT). In a research note issued to the investors, the brokerage major Lowers the price-target to $64.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Jun 16, 2016.

In a different note, On May 27, 2016, Deutsche Bank said it Maintains its rating on State Street Corp. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Hold’ by the firm. On Apr 8, 2016, Jefferies said it Maintains its rating on State Street Corp. In the research note, the firm the price-target to $66.00 per share. On Apr 5, 2016, Credit Suisse said it Maintains its rating on State Street Corp. In the research note, the firm Raises the price-target to $59.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 5, 2016, Deutsche Bank said it Maintains its rating on State Street Corp. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Hold’ by the firm. On Mar 28, 2016, Keefe Bruyette & Woods said it Downgrades its rating on State Street Corp. The shares have been rated ‘Underperform’ by the firm.

State Street Corp (STT) made into the market gainers list on Tuesdays trading session with the shares advancing 0.22% or 0.13 points. Due to strong positive momentum, the stock ended at $58.78, which is also near the day’s high of $59.03. The stock began the session at $58.98 and the volume stood at 26,78,544 shares. The 52-week high of the shares is $81.26 and the 52 week low is $50.73. The company has a current market capitalization of $23,273 M and it has 39,59,40,300 shares in outstanding.

State Street Corp has also declared a cash dividend of $0.3400 on May 19, 2016. The shares will quote ex-dividend on Jun 29, 2016 and the record date has been fixed on Jul 1, 2016. The dividend payable date has been fixed on Jul 18, 2016.

State Street Corp(STT) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.57B. Analysts had an estimated revenue of $2.56B. Earnings per share were $0.98. Analysts had estimated an EPS of $0.90.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, Jeffrey N Carp (EVP, CLO and Secretary) sold 25,000 shares at $58.00 per share price.Also, On Feb 1, 2016, Sean P Newth (SVP, CAO and Controller) sold 500 shares at $53.63 per share price.On Nov 24, 2015, Joseph L Hooley (Chairman and CEO) sold 36,871 shares at $72.98 per share price, according to the Form-4 filing with the securities and exchange commission.

State Street Corporation (State Street) the parent company is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company through its subsidiary State Street Bank provides financial services and products to institutional investors across the world. Its clients include mutual funds collective investment funds and other investment pools corporate and public retirement plans insurance companies foundations endowments and investment managers. It has two lines of business: Investment Servicing and Investment Management. The Investment Servicing line of business performs core custody and related value-added functions such as providing institutional investors with clearing payment and settlement services. It provides Investment Management services through State Street Global Advisors (SSGA) .SSGA provides an array of investment management investment research and investment advisory services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *