State Street (STT) Getting Somewhat Favorable Press Coverage, Report Shows

Media coverage about State Street (NYSE:STT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. State Street earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 45.2166762373737 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s analysis:

Shares of State Street (NYSE:STT) traded up $2.56 during mid-day trading on Friday, hitting $107.61. 1,757,090 shares of the stock were exchanged, compared to its average volume of 1,164,357. State Street has a 1 year low of $74.45 and a 1 year high of $108.50. The company has a market cap of $39,905.77, a PE ratio of 18.65, a PEG ratio of 1.39 and a beta of 1.36. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61.

State Street (NYSE:STT) last announced its earnings results on Monday, October 23rd. The asset manager reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.10. State Street had a net margin of 20.56% and a return on equity of 13.03%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business posted $1.35 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. equities research analysts expect that State Street will post 6.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, December 29th. State Street’s dividend payout ratio (DPR) is presently 29.12%.

STT has been the topic of several recent analyst reports. Zacks Investment Research cut shares of State Street from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Jefferies Group reiterated a “hold” rating and issued a $107.00 price target on shares of State Street in a report on Tuesday, January 9th. Citigroup upgraded shares of State Street from a “neutral” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Wednesday, January 10th. Vining Sparks reiterated a “buy” rating and issued a $120.00 price target on shares of State Street in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $114.00 price target on shares of State Street in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. State Street currently has an average rating of “Buy” and an average price target of $101.13.

In related news, insider Hannah M. Grove sold 3,200 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $92.64, for a total value of $296,448.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Andrew Erickson sold 354 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $92.00, for a total transaction of $32,568.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,724 shares of company stock worth $2,659,741. Company insiders own 0.71% of the company’s stock.

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About State Street

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.

Insider Buying and Selling by Quarter for State Street (NYSE:STT)

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