State Street Corp Gets a Hold Rating from Jefferies

By Carrie Williams

In a report released yesterday, Ken Usdin from Jefferies reiterated a Hold rating on State Street Corp (NYSE: STT), with a price target of $100. The company’s shares closed yesterday at $94.04, close to its 52-week high of $96.26.

According to, Usdin is a top 100 analyst with an average return of 16.4% and a 69.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

State Street Corp has an analyst consensus of Moderate Buy, with a price target consensus of $99.33.

State Street Corp’s market cap is currently $35.18B and has a P/E ratio of 17.41. The company has a book value ratio of 1.8642.

Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business: Investment Servicing and Investment Management.