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Lighthouse Investment Partners LLC Increases Position in State Street Corporation $STT
Lighthouse Investment Partners LLC significantly increased its stake in State Street Corporation (NYSE:STT) by 237.6% in the third quarter, now holding 35,269 shares valued at approximately $4.09 million. This move comes as State Street reported strong quarterly earnings, beating analyst expectations with an EPS of $2.97 and revenue of $3.67 billion. Wall Street analysts maintain a “Moderate Buy” consensus rating for STT, with a target price of $135.83.