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In a recent congressional trade report, Jake Auchincloss, a member of Congress from Massachusetts’s 4th congressional district, has been reported to have made a significant transaction. The report details a sale of common stock in State Street Corporation (NYSE:STT), a financial services holding company based in Boston, Massachusetts. The company, currently valued at $28.47 billion, trades at $98.55 per share, near its 52-week high of $103.
The transaction, which took place on February 18, 2025, involved a sale of State Street Corporation stock valued between $15,001 and $50,000. This sale was part of an RSU (Restricted Stock Units) distribution, a common form of equity compensation for employees of publicly-traded companies.
Auchincloss’s sale of State Street Corporation shares was made from his personal holdings, as indicated in the report. The exact amount of capital gains from this transaction, if any, is not disclosed in the report. However, it is noted that any capital gains exceeding $200 are required to be reported.
State Street Corporation, a company with a long-standing reputation in the financial services sector, offers a wide range of investment management, investment research and trading, and investment servicing solutions.
Trading at an attractive P/E ratio of 11.88 and maintaining dividend payments for 55 consecutive years, the company has caught the attention of value investors.
According to InvestingPro analysis, the stock appears undervalued based on its Fair Value model. This transaction by Auchincloss may be of interest to investors who closely monitor the financial moves of influential figures.
The report, filed on February 19, 2025, is part of the legislative resource center’s periodic transaction reports, which provide transparency about the financial activities of members of Congress. These reports are crucial in maintaining trust and integrity in the financial activities of those in public service.
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