On October 17, 2024, Elizabeth Schaefer, Senior Vice President and Chief Accounting Officer of State Street Corp (STT, Financial), sold 500 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 6,640 shares of State Street Corp.
State Street Corp, a financial services provider, offers a range of products and services including investment management, research and trading, and investment servicing. The company's services are designed to support institutional investors worldwide with their investment operations.
Over the past year, Elizabeth Schaefer has engaged in a total of one transaction involving the sale of 500 shares and has not purchased any shares. The broader insider transaction history for State Street Corp shows a trend with 18 insider sales and no insider buys over the same timeframe.
Shares of State Street Corp were trading at $92.5 on the day of the sale. The company has a market cap of approximately $26.90 billion. The price-earnings ratio of the stock stands at 14.44, which is above both the industry median of 11.85 and the company's historical median.
According to the GF Value, the intrinsic value estimate for State Street Corp is $88.71 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.04.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from analysts.
This sale by the insider may be of interest to current and potential investors tracking insider behaviors and the valuation metrics of State Street Corp.
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.
