State Street (NYSE: STT)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Monday. They currently have a $65.00 target price on the stock.

State Street traded up 0.76% on Monday, hitting $56.74. State Street has a 1-year low of $38.95 and a 1-year high of $58.15. The stock’s 50-day moving average is currently $55.46. The company has a market cap of $25.923 billion and a price-to-earnings ratio of 13.41.

State Street last announced its earnings results on Friday, January 18th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that State Street will post $4.44 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on STT. Analysts at ISI Group raised their price target on shares of State Street to $64.00 in a research note to investors on Friday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of State Street in a research note to investors on Friday. They now have a $58.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of State Street in a research note to investors on Friday.

The company also recently announced a quarterly dividend, which is scheduled for Friday, April 12th. Investors of record on Monday, April 1st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, March 27th. This is an increase from State Street’s previous quarterly dividend of $0.24.

State Street Corporation (State Street) is a financial holding company. Through its subsidiaries, including its principal banking subsidiary, State Street Bank and Trust Company (State Street Bank), the Company provides a range of financial products and services to institutional investors worldwide.

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