LSV Asset Management reduced its stake in State Street Corporation (NYSE:STT) by 4.9% during the third quarter, now owning 4,469,816 shares valued at approximately $518.5 million. Despite this, other institutional investors have increased their holdings, and the company has largely positive analyst ratings, with a “Moderate Buy” consensus and a target price of $135.83. State Street recently reported strong quarterly earnings, beating estimates with an EPS of $2.97 and revenue of $3.67 billion, and announced a quarterly dividend of $0.84 per share.
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State Street Corporation $STT Stock Holdings Cut by LSV Asset Management
LSV Asset Management reduced its stake in State Street Corporation (NYSE:STT) by 4.9% during the third quarter, now owning 4,469,816 shares valued at approximately $518.5 million. Despite this, other institutional investors have increased their holdings, and the company has largely positive analyst ratings, with a “Moderate Buy” consensus and a target price of $135.83. State Street recently reported strong quarterly earnings, beating estimates with an EPS of $2.97 and revenue of $3.67 billion, and announced a quarterly dividend of $0.84 per share.