Somewhat Favorable Media Coverage Somewhat Unlikely to Affect State Street (NYSE:STT) Share Price

Media stories about State Street (NYSE:STT) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. State Street earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 46.1087435635693 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

State Street (NYSE:STT) opened at $105.78 on Friday. The company has a market capitalization of $39,230.00, a P/E ratio of 18.30, a PEG ratio of 1.49 and a beta of 1.35. State Street has a fifty-two week low of $74.45 and a fifty-two week high of $105.85. 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 posted its earnings results on Monday, October 23rd. The asset manager reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.10. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. State Street had a return on equity of 13.03% and a net margin of 20.56%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 earnings per share. sell-side analysts predict that State Street will post 6.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.68 dividend on an annualized basis and a yield of 1.59%. State Street’s dividend payout ratio (DPR) is 29.07%.

A number of equities research analysts have recently commented on STT shares. Jefferies Group reaffirmed a “hold” rating and issued a $100.00 price objective on shares of State Street in a research report on Friday, September 15th. Zacks Investment Research downgraded State Street from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Citigroup reissued a “neutral” rating and set a $102.00 price target (up previously from $88.00) on shares of State Street in a research report on Monday, October 9th. Royal Bank of Canada reduced their price objective on State Street from $104.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 24th. Finally, Morgan Stanley boosted their price objective on State Street from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $101.13.

In other news, insider Hannah M. Grove sold 3,200 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $92.64, for a total value of $296,448.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew Erickson sold 354 shares of the company’s stock in a transaction on 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. Insiders sold 28,724 shares of company stock valued at $2,659,741 over the last 90 days. 0.71% of the stock is currently owned by insiders.

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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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