Shares of State Street Corp. (NYSE:STT) gapped up before the market opened on Monday . The stock had previously closed at $68.00, but opened at $68.24. State Street Corp. shares last traded at $69.04, with a volume of 658,940 shares changing hands.

A number of research firms have recently issued reports on STT. TheStreet upgraded shares of State Street Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Deutsche Bank AG set a $67.00 price objective on shares of State Street Corp. and gave the company a “hold” rating in a research note on Friday, August 5th. Jefferies Group reiterated a “buy” rating on shares of State Street Corp. in a research note on Friday, August 5th. Barclays PLC reiterated an “overweight” rating and set a $71.00 price objective on shares of State Street Corp. in a research note on Thursday, July 28th. Finally, Citigroup Inc. lifted their price objective on shares of State Street Corp. from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $66.85.

The firm has a market capitalization of $26.99 billion and a PE ratio of 14.12. The firm’s 50 day moving average is $59.66 and its 200-day moving average is $58.93.

State Street Corp. (NYSE:STT) last announced its earnings results on Wednesday, July 27th. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.20. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the company earned $1.36 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts forecast that State Street Corp. will post $5.02 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Friday, July 1st were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, June 29th. This represents a $1.36 dividend on an annualized basis and a yield of 1.97%.

In other news, EVP Jeffrey N. Carp sold 45,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $53.80, for a total value of $2,421,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Karen C. Keenan sold 7,500 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $65.00, for a total value of $487,500.00. Following the completion of the sale, the executive vice president now directly owns 58,383 shares of the company’s stock, valued at $3,794,895. The disclosure for this sale can be found here.

Several large investors have bought and sold shares of STT. Dimensional Fund Advisors LP boosted its stake in State Street Corp. by 28.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,253,932 shares of the company’s stock valued at $83,212,000 after buying an additional 278,180 shares in the last quarter. Airain ltd acquired a new stake in State Street Corp. during the fourth quarter valued at $7,225,000. Morgan Stanley boosted its stake in State Street Corp. by 14.8% in the fourth quarter. Morgan Stanley now owns 732,544 shares of the company’s stock valued at $48,610,000 after buying an additional 94,676 shares in the last quarter. Calvert Investment Management Inc. boosted its stake in State Street Corp. by 35.3% in the fourth quarter. Calvert Investment Management Inc. now owns 26,736 shares of the company’s stock valued at $1,774,000 after buying an additional 6,980 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in State Street Corp. by 59.3% in the fourth quarter. Victory Capital Management Inc. now owns 15,212 shares of the company’s stock valued at $1,009,000 after buying an additional 5,664 shares in the last quarter.

State Street Corporation, 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 a range of financial services and products to institutional investors across the world.

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