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Arjuna Capital boosted its State Street stake, while the company reported strong earnings and raised its dividend.
Arjuna Capital significantly increased its stake in State Street Corporation by 49.16%, acquiring 4,916 shares.
State Street reported a strong quarter with a 12.1% increase in revenue and earnings per share of $2.60, exceeding analysts' expectations.
The company also declared a quarterly dividend of $0.76 per share, payable on April 11th.
Several brokerages raised their ratings and target prices for State Street, indicating growing confidence in the company's performance.
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Arjuna Capital incrementó su participación en State Street, mientras que la compañía reportó fuertes ganancias y aumentó su dividendo.