Snag This Bargain Even Cheaper Than Director Porter Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 5, State Street Corp.'s Director, Brian J. Porter, invested $312,475.00 into 2,500 shares of STT, for a cost per share of $124.99. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of State Street Corp. (Symbol: STT) and achieve a cost basis 3.1% cheaper than Porter, with shares changing hands as low as $121.17 per share. State Street Corp. shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of STT shares, versus its 200 day moving average:

Looking at the chart above, STT's low point in its 52 week range is $72.81 per share, with $137.0499 as the 52 week high point — that compares with a last trade of $122.68. By comparison, below is a table showing the prices at which STT insider buying was recorded over the last six months:

The current annualized dividend paid by State Street Corp. is $3.36/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 04/01/2026. Below is a long-term dividend history chart for STT, which can be of good help in judging whether the most recent dividend with approx. 2.8% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, STT makes up 4.17% of the Invesco KBW Bank ETF (Symbol: KBWB) which is trading lower by about 0.7% on the day Monday. (see other ETFs holding STT).

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

Also see:

• Dividend Yield
• SPPL Average Annual Return
• Top Dividends