State Street Corporation $STT Stake Lowered by Private Management Group Inc.

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Private Management Group Inc. has reduced its stake in State Street Corporation (NYSE:STT) by 4.4% in the third quarter, now owning 425,632 shares. Despite this reduction from one institution, other hedge funds and institutional investors have either increased their holdings or initiated new positions in the asset manager. The article also notes recent insider selling by an EVP and provides an overview of analyst ratings, with the company currently holding a “Moderate Buy” consensus.

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