State Street Corp (STT) Files Form 4 Insider Selling : Jeffrey N Carp Sells 45,000 Shares

State Street Corp (STT): Jeffrey N Carp , EVP, CLO and Secretary of State Street Corp sold 45,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $54.03 per share for a total value of $2,421,084.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Jeffrey N Carp (EVP, CLO and Secretary) sold 25,000 shares at $58.00 per share price.On Feb 1, 2016, Sean P Newth (SVP, CAO and Controller) sold 500 shares at $53.63 per share price.Also, On Nov 24, 2015, Joseph L Hooley (Chairman and CEO) sold 36,871 shares at $72.98 per share price.On Aug 13, 2015, Gunjan Kedia (Executive Vice President) sold 3,000 shares at $78.30 per share price.

Shares of State Street Corp (STT) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -1.24 points or -2.30% at $52.6 with 28,52,113 shares getting traded. Post opening the session at $53.15, the shares hit an intraday low of $52.205 and an intraday high of $53.16 and the price vacillated in this range throughout the day. The company has a market cap of $20,826 M and the number of outstanding shares has been calculated to be 39,59,40,300 shares. The 52-week high of State Street Corp is $81.26 and the 52-week low is $50.595.

State Street Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.State Street Corp is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $55 .The Rating was issued on Apr 28, 2016.State Street Corp is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 65 from a previous price target of $70 . The Rating was issued on Apr 11, 2016.

State Street Corporation (State Street) the parent company is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company through its subsidiary State Street Bank provides financial services and products to institutional investors across the world. Its clients include mutual funds collective investment funds and other investment pools corporate and public retirement plans insurance companies foundations endowments and investment managers. It has two lines of business: Investment Servicing and Investment Management. The Investment Servicing line of business performs core custody and related value-added functions such as providing institutional investors with clearing payment and settlement services. It provides Investment Management services through State Street Global Advisors (SSGA) .SSGA provides an array of investment management investment research and investment advisory services.

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