State Street shares rose 8.5% this afternoon to a price of $80.68. The stock is still trading within range of its average target price of $82.71, and over the last 52 weeks, it has recorded a -20.0% performance. Analysts have given the large-cap Asset Management stock target prices ranging from $72 to $95 dollars per share, with an average rating of buy.
The stock has a very low short interest at 0.8%, and a short ratio of 1.13. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 91.6% of State Street's shares being owned by this investor type.
Institutions Invested in State Street
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 34,311,672 | 2022-09-29 | 9.35% | $2,768,265,707.00 |
| Blackrock Inc. | 27,340,034 | 2022-09-29 | 7.45% | $2,205,793,951.00 |
| Dodge & Cox Inc | 22,053,429 | 2022-09-29 | 6.01% | $1,779,270,658.00 |
| State Street Corporation | 18,758,945 | 2022-09-29 | 5.11% | $1,513,471,688.00 |
| Price (T.Rowe) Associates Inc | 13,929,437 | 2022-09-29 | 3.80% | $1,123,826,981.00 |
| Ameriprise Financial, Inc. | 12,323,845 | 2022-09-29 | 3.36% | $994,287,818.00 |
| Bank of America Corporation | 11,114,149 | 2022-09-29 | 3.03% | $896,689,544.00 |
| FMR, LLC | 10,987,262 | 2022-09-29 | 2.99% | $886,452,301.00 |
| Invesco Ltd. | 10,359,940 | 2022-09-29 | 2.82% | $835,839,962.00 |
| Longview Partners (Guernsey) LTD | 7,757,324 | 2022-09-29 | 2.11% | $625,860,902.00 |
Top Mutual Funds Invested in State Street
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Dodge & Cox Stock Fund | 15,597,100 | 2022-09-29 | 4.25% | $1,258,374,032.00 |
| Vanguard Total Stock Market Index Fund | 7,696,298 | 2022-06-29 | 2.10% | $620,937,324.00 |
| Vanguard 500 Index Fund | 6,088,433 | 2022-09-29 | 1.66% | $491,214,776.00 |
| Vanguard Mid-Cap Index Fund | 5,804,086 | 2022-09-29 | 1.58% | $468,273,660.00 |
| Oakmark Fund | 5,059,800 | 2022-09-29 | 1.38% | $408,224,665.00 |
| SPDR S&P 500 ETF Trust | 4,142,902 | 2022-10-30 | 1.13% | $334,249,334.00 |
| Fidelity 500 Index Fund | 3,989,238 | 2022-10-30 | 1.09% | $321,851,723.00 |
| American Mutual Fund Inc | 3,902,688 | 2022-09-29 | 1.06% | $314,868,869.00 |
| Price (T.Rowe) Mid-Cap Value Fund | 3,829,719 | 2022-09-29 | 1.04% | $308,981,730.00 |
| iShares Core S&P 500 ETF | 3,264,131 | 2022-09-29 | 0.89% | $263,350,090.00 |
Besides an analyst consensus of some upside potential, other market factors point to there being exuberant market sentiment on State Street.
