On August 23, 2024, John Plansky, Executive Vice President of State Street Corporation (NYSE:STT), sold 12,200 shares of the company. The transaction was documented in a recent SEC filing. After this sale, the insider now owns 68,967 shares of State Street Corporation.
State Street Corporation, a financial services provider, offers a range of products and services, including investment management, research and trading, and investment services. The company’s services are designed to support institutional investors worldwide through investment services, investment management, and investment research and trading.
Over the past year, John Plansky has made several transactions involving the company’s stock. In total, he has sold 12,200 shares and bought none. This recent sale is in line with a broader trend seen within the company. Over the past year, there have been 16 insider sales and no insider purchases.
State Street Corporation shares were trading at $82.91 on the day of the sale. The company has a market capitalization of approximately $25.26 billion. The price-to-earnings ratio is 15.90, which is higher than both the industry median of 12.13 and the company’s historical median.
According to GF Value, the estimated intrinsic value of State Street Corporation is $86.53 per share, which suggests that the stock is fairly valued with a Price to GF Value ratio of 0.96.
The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, adjusted for the company’s past performance and expected future business results.
This insider sale may be of interest to investors who track insider behavior as an indicator of potential stock performance, particularly in the context of the company’s valuation and market position.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
