State Street Corporation $STT Stock Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in State Street Corporation (STT) by 4.7% in the second quarter, bringing its total holdings to 426,809 shares valued at approximately $72.4 million. State Street exceeded analyst expectations with strong Q2 earnings and revenue growth, and it also raised its quarterly dividend. Analysts currently rate the stock as a "Moderate Buy" with an average price target of $185.38.