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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InLSV Asset Management reduced its stake in State Street Corporation (NYSE:STT) by 4.9% during the third quarter. The firm now holds 4,469,816 shares, valued at approximately $518.5 million. This move comes despite other institutional investors increasing their holdings in State Street. State Street recently reported robust quarterly earnings, surpassing estimates with an EPS of $2.97 and revenues of $3.67 billion. The company also declared a quarterly dividend of $0.84 per share, underscoring its financial health. Analysts maintain a "Moderate Buy" consensus rating for STT, with a target price of $135.83, reflecting a largely positive outlook.