Check Out What State Street Corporation (STT) Insiders Are Doing

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The stock of State Street Corporation (NYSE:STT) increased by $0.03 on Tuesday to finish at $83.00, up 0.04 percent. The last five days have seen an average of 3,465,740 shares of common stock traded. 6 times new highs were reached in the current year, with a gain of $5.43. The average number of shares traded over the last 20 days was 2,536,170, while the average volume over the last 50 days totaled 2,770,570.

STT stock appreciated 3.89% since last month. On 12/22/22, the company’s shares reached a one-month low of $75.90. The stock touched a high of $103.87 on 01/13/23, after rallying from a low of $58.62 in 52 weeks. The price of STT stock has risen by 7.00% or $5.43 this year, reaching a new high 6 times. Still, the stock price is down -20.09% from the 52-week high.

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Insider Transactions

STT stock investors should be aware that State Street Corporation (STT) stock had its last reported insider trading activity 359 days ago on Jan 24. On Jan 24, Executive Vice President Erickson Andrew sold 16,000 shares at $89.00 each. This transaction resulted in the insider making $1,424,000.

Valuation Metrics

State Street Corporation (STT) has a trailing price-to-earnings (P/E) ratio of 11.76. Beta for the stock is 1.58. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.55, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 4.02.

Company paid $0.63 per share in dividends, remained unchanged from $0.63 last year. A $0.06 dividend increase was reported on Thursday July 21 2022.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.59, and the total debt to equity ratio is 0.59. State Street Corporation’s operating margin stood at 79.90% for the same period. Based on annual data, it had gross profit of $1.91 billion and revenue of $1.91 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. STT’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 3.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.80%.

Earnings Surprise

According to State Street Corporation’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that State Street Corporation’s quarterly earnings would be $1.82, but it ended up being $1.78, beating the consensus by 2.20%. At the end of State Street Corporation’s most recent quarter ended September 29, its total debt was $18.36 billion. Equity owned by shareholders amounts to $366.94 million.

Technical Picture

Here’s a quick look at State Street Corporation’s (STT) price momentum from a technical perspective. As of 17 January, the RSI 9-day stood at 72.73%, suggesting the stock is Overbought, with a 13.58% historical volatility rate.

The stochastic %K and %D were 84.84% and 86.33% respectively, while the average true range (ATR) was 1.86. Based on the 14-day stochastic reading of 85.10%, the RSI (14) reading is 65.53%. On the 9-day MACD Oscillator, the stock is at 1.46, and the 14-day reading is at 2.76.

Analyst Ratings

Analysts have assigned State Street Corporation (STT) an Overweight rating. STT is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 6 others recommend it as a buy.

What is STT’s price target for the next 12 months?

The current consensus forecast for the stock is between $76.00 and $116.00, with a median target price of $86.50. In analyzing these forecasts, the average price target given by analysts for State Street Corporation (STT) is $89.13.

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