Jefferies Believes State Street (STT) Still Has Room to Grow

Jefferies analyst Ken Usdin maintained a Buy rating on State Street (STTResearch Report) on January 20 and set a price target of $115.00. The company’s shares closed last Monday at $99.33, close to its 52-week high of $104.87.

According to, Usdin is a top 25 analyst with an average return of 25.2% and a 77.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, People’s United Financial, and Texas Capital Bancshares.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for State Street with a $116.54 average price target, implying a 17.9% upside from current levels. In a report issued on January 13, Deutsche Bank also maintained a Buy rating on the stock with a $132.00 price target.

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State Street’s market cap is currently $36.35B and has a P/E ratio of 13.82.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STT in relation to earlier this year.

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 Corporation is a financial services and bank holding company. It provides a range of financial products and services to institutional investors worldwide including deposits, loans and lease financing, securities finance, trading services, portfolio modeling and construction, and wealth management solutions.

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