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Yacktman Asset Management LP Sells 138,305 Shares of State Street Corporation $STT
Yacktman Asset Management LP significantly reduced its stake in State Street Corporation by selling 138,305 shares, decreasing its position by 13.1% in Q4. Despite this, analysts largely maintain a bullish outlook on State Street, issuing “Moderate Buy” ratings and increasing price targets. The company recently reported strong quarterly results, surpassing EPS and revenue estimates, and announced a quarterly dividend of $0.84 per share.