Yie-hsin Hung, the Executive Vice President and President of State Street Global Advisors (SSGA), a division of State Street Corp (STT, Financial), sold 3,500 shares of the company on October 16, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 78,824 shares of State Street Corp.
State Street Corp, headquartered in Boston, Massachusetts, is a leading financial services provider offering a wide range of investment management, research, trading, and investment servicing solutions. The company's significant global presence includes servicing institutional investors and managing assets across various asset classes.
On the date of the sale, shares of State Street Corp were priced at $93, valuing the company with a market cap of approximately $26.90 billion. The stock's price-earnings ratio stood at 14.44, above both the industry median of 11.85 and the historical median for the company.
According to 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 1.05 at the time of the insider's sale.
Over the past year, there have been no insider purchases and 18 insider sales at State Street Corp, indicating a trend where insiders are choosing to sell shares. The insider, Yie-hsin Hung, has sold a total of 3,500 shares over the past year and has not made any purchases.
This insider activity occurs within the context of State Street Corp's financial metrics and market performance. The company's valuation ratios, such as the price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjustments for past performance, and future business expectations provided by analysts.
The sale by the insider at State Street Corp aligns with a broader pattern of insider transactions within the company, providing investors and market watchers with insights into insider sentiment and potential future stock movements.
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.
