State Street Corp. [NYSE: STT] closed the trading session at $73.25. The company report on February 1, 2024 at 6:17 AM that State Street Completes Acquisition of CF Global Trading.
Deal extends the ability for State Street to provide outsourced trading services to clients in the UK and the EU.
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State Street Corporation (NYSE: STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income. Financial terms are not being disclosed.
The stocks have a year to date performance of -5.44 percent and weekly performance of -1.91 percent. The stock has been moved at 0.74 percent over the last six months. The stock has performed -5.79 percent around the most recent 30 days and changed 13.34 percent over the most recent 3-months.
If compared to the average trading volume of 2.06M shares, STT reached to a volume of 2854080 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about State Street Corp. [STT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STT shares is $84.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STT stock is a recommendation set at 2.47. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for State Street Corp. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 04, 2024.
The Average True Range (ATR) for State Street Corp. is set at 1.53, with the Price to Sales ratio for STT stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 1.01. Price to Free Cash Flow for STT in the course of the last twelve months was 11.19.
STT stock trade performance evaluation
State Street Corp. [STT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.91. With this latest performance, STT shares dropped by -5.79% in over the last four-week period, additionally plugging by 0.74% over the last 6 months – not to mention a drop of -19.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STT stock in for the last two-week period is set at 39.33, with the RSI for the last a single of trading hit 32.85, and the three-weeks RSI is set at 44.39 for State Street Corp. [STT]. The present Moving Average for the last 50 days of trading for this stock 74.96, while it was recorded at 74.38 for the last single week of trading, and 70.95 for the last 200 days.
State Street Corp. [STT]: An insightful look at the core fundamentals
State Street Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.70.
Earnings per share (EPS) analysis for State Street Corp. [STT] stock
With the latest financial reports released by the company, State Street Corp. posted 1.52/share EPS, while the average EPS was predicted by analysts to be reported at 1.64/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for State Street Corp. go to 5.57%.
State Street Corp. [STT]: Institutional Ownership
The top three institutional holders of STT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in STT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in STT stock with ownership which is approximately 5.8325%.
