UBS Maintains State Street Corp to Neutral with Price Target $67.00

Brokerage firm UBS Maintains its rating on State Street Corp(NYSE:STT). In a research note issued to the investors, the brokerage major Raises the price-target to $67.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Jul 28, 2016.

In a different note, On Jul 28, 2016, Citigroup said it Maintains its rating on State Street Corp. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Deutsche Bank said it Maintains its rating on State Street Corp. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on State Street Corp. In the research note, the firm Raises the price-target to $63.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on State Street Corp. In the research note, the firm Lowers the price-target to $67.00 per share. The shares have been rated ‘Hold’ by the firm. 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.

State Street Corp (STT) shares turned negative on Thursdays trading session with the shares closing down -0.06 points or -0.09% at a volume of 25,29,420. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.02. The peak price level was also seen at $66.02 while the days lowest was $65.4. Finally the shares closed at $65.79. The 52-week high of the shares is $79.7959 while the 52-week low is $50.595. According to the latest information available, the market cap of the company is $26,049 M.

State Street Corp(STT) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.67B. Analysts had an estimated revenue of $2.65B. Earnings per share were $1.46. Analysts had estimated an EPS of $1.26.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Jeffrey N Carp (EVP, CLO and Secretary) sold 5,000 shares at $55.00 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.

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