State Street Co. (NYSE:STT) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of State Street Co. (NYSE:STT - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,668 shares of the asset manager's stock after purchasing an additional 7,833 shares during the quarter. American Century Companies Inc. owned approximately 0.11% of State Street worth $32,946,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of STT. Albion Financial Group UT purchased a new stake in shares of State Street in the fourth quarter valued at about $25,000. Y.D. More Investments Ltd grew its stake in shares of State Street by 116.6% in the 4th quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager's stock valued at $36,000 after buying an additional 197 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of State Street in the 4th quarter valued at approximately $42,000. Friedenthal Financial acquired a new stake in shares of State Street during the 4th quarter worth approximately $49,000. Finally, Hager Investment Management Services LLC purchased a new stake in shares of State Street during the 4th quarter valued at approximately $56,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods raised State Street from a "market perform" rating to an "outperform" rating and upped their price target for the company from $105.00 to $120.00 in a research note on Tuesday, December 3rd. Wells Fargo & Company lowered their target price on shares of State Street from $118.00 to $113.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. StockNews.com downgraded shares of State Street from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Wolfe Research upgraded State Street from an "underperform" rating to a "peer perform" rating in a research note on Monday, January 27th. Finally, Morgan Stanley dropped their price objective on State Street from $139.00 to $132.00 and set an "overweight" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $102.07.

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Insider Activity at State Street

In other news, Director Gregory L. Summe sold 10,815 shares of State Street stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total value of $1,081,500.00. Following the transaction, the director now directly owns 100,023 shares of the company's stock, valued at $10,002,300. The trade was a 9.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ann Fogarty sold 3,705 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.47, for a total transaction of $368,536.35. Following the sale, the executive vice president now owns 50,816 shares of the company's stock, valued at approximately $5,054,667.52. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

State Street Stock Up 1.0 %

Shares of NYSE:STT traded up $0.85 during trading hours on Wednesday, reaching $89.67. The stock had a trading volume of 1,108,145 shares, compared to its average volume of 2,162,388. State Street Co. has a 1 year low of $70.20 and a 1 year high of $103.00. The firm's 50 day moving average is $94.85 and its 200-day moving average is $94.62. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 1.11 and a beta of 1.44. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56.

State Street (NYSE:STT - Get Free Report) last issued its earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.31. State Street had a return on equity of 12.60% and a net margin of 12.14%. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the company earned $2.04 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. Research analysts predict that State Street Co. will post 9.68 earnings per share for the current fiscal year.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be given a $0.76 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.04 dividend on an annualized basis and a yield of 3.39%. State Street's dividend payout ratio (DPR) is presently 36.89%.

About State Street

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.