Vice Chairman and Chief Financial Officer Eric Aboaf of State Street Corporation (STT, Financial) executed a sale of 12,000 shares of the company on May 14, 2024. The transaction was filed on SEC Filing. Following this transaction, the insider has sold a total of 57,785 shares over the past year, with no recorded purchases.
State Street Corporation, a leading financial services provider, offers a wide range of investment management, research, trading, and investment servicing solutions. The company's clients include mutual funds, collective investment funds, corporate and public pension funds, and other investment pools.
On the date of the sale, shares of State Street Corporation were priced at $76.53. This valuation brings the market cap of the company to approximately $23.39 billion. The price-earnings ratio stands at 14.54, which is above both the industry median of 13.365 and the company's historical median.
According to the GF Value, the intrinsic value of State Street Corporation's stock is estimated at $84.60, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.9.
The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
Over the past year, there have been no insider buys and 14 insider sells at State Street Corporation, indicating a trend of insider sales.
This recent transaction by the insider further aligns with the observed trend of insider selling activities within the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
