Insider Selling: State Street Co. (NYSE:STT) EVP Sells 3,705 Shares of Stock

State Street Co. (NYSE:STT - Get Free Report) EVP Ann Fogarty sold 3,705 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total value of $368,536.35. Following the completion of the sale, the executive vice president now directly owns 50,816 shares of the company's stock, valued at approximately $5,054,667.52. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

State Street Price Performance

NYSE STT traded down $0.67 during trading hours on Friday, reaching $98.97. The company's stock had a trading volume of 909,802 shares, compared to its average volume of 1,945,162. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $28.55 billion, a PE ratio of 12.03, a PEG ratio of 1.11 and a beta of 1.43. The company's 50-day moving average is $98.58 and its two-hundred day moving average is $92.64. State Street Co. has a fifty-two week low of $70.20 and a fifty-two week high of $103.00.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.31. State Street had a net margin of 12.14% and a return on equity of 12.60%. The business had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.27 billion. During the same period last year, the company posted $2.04 EPS. The company's revenue was up 12.1% on a year-over-year basis. Analysts forecast that State Street Co. will post 9.65 EPS for the current year.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a $0.76 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.07%. State Street's dividend payout ratio (DPR) is 36.89%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STT. Exchange Traded Concepts LLC grew its holdings in shares of State Street by 2,137.0% during the third quarter. Exchange Traded Concepts LLC now owns 1,633 shares of the asset manager's stock worth $144,000 after buying an additional 1,560 shares in the last quarter. Creative Planning boosted its position in State Street by 13.4% during the third quarter. Creative Planning now owns 20,870 shares of the asset manager's stock worth $1,846,000 after acquiring an additional 2,470 shares during the last quarter. Blue Trust Inc. grew its stake in State Street by 55.6% in the 3rd quarter. Blue Trust Inc. now owns 4,452 shares of the asset manager's stock worth $394,000 after acquiring an additional 1,591 shares during the period. Sequoia Financial Advisors LLC grew its stake in State Street by 17.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,545 shares of the asset manager's stock worth $314,000 after acquiring an additional 529 shares during the period. Finally, Eastern Bank raised its holdings in State Street by 1.4% in the 3rd quarter. Eastern Bank now owns 42,299 shares of the asset manager's stock valued at $3,742,000 after acquiring an additional 593 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STT shares. Wells Fargo & Company increased their target price on shares of State Street from $108.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods raised State Street from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $105.00 to $120.00 in a research report on Tuesday, December 3rd. StockNews.com downgraded State Street from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $103.00 price target (down previously from $104.00) on shares of State Street in a research note on Wednesday, January 22nd. Finally, Morgan Stanley lowered their price objective on State Street from $139.00 to $132.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $100.73.

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.