5 Best Bank and Finance Stocks to Buy According to Mario Gabelli

3. State Street Corporation (NYSE: STT)

Number of Hedge Fund Holders: 37

State Street Corporation (NYSE: STT) is a Boston-based firm that provides financial products. It is ranked third on our list of 10 best bank and finance stocks to buy according to Mario Gabelli. Securities filings show that GAMCO Investors owned 959,255 shares in the firm at the end of June 2021 worth $78.2 million, representing 0.66% of the portfolio. 

On July 19, investment advisory Deutsche Bank maintained a Buy rating on State Street Corporation (NYSE: STT) stock and raised the price target to $105 from $104, appreciating the strong quarterly earnings report of the financial services firm. 

Out of the hedge funds being tracked by Insider Monkey, Texas-based firm Yacktman Asset Management is a leading shareholder in State Street Corporation (NYSE: STT) with 3.5 million shares worth more than $290 million.