On October 18, 2024, John Plansky, Executive Vice President of State Street Corp (STT, Financial), sold 13,859 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 55,108 shares of State Street Corp.
State Street Corp, a financial services provider, offers a range of products and services for institutional investors worldwide, including investment management, investment research, and trading services. The company is known for its asset management and custody bank services.
Over the past year, John Plansky has engaged in multiple transactions involving the company's stock, selling a total of 26,059 shares and making no purchases. This recent sale is part of a broader trend observed within the company, where there have been 19 insider sells and no insider buys over the past year.
Shares of State Street Corp were trading at $91.32 on the day of the sale. The company has a market cap of approximately $26.53 billion. The price-earnings ratio stands at 14.25, which is above both the industry median of 11.82 and the company's historical median.
According to the GF Value, the intrinsic value estimate for State Street Corp is $89.00 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.03. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider activity and the current valuation metrics provide investors with a snapshot of State Street Corp's recent financial position and insider sentiment.
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.
