Arjuna Capital Buys 4,916 Shares of State Street Co. (NYSE:STT)

Arjuna Capital lifted its stake in shares of State Street Co. (NYSE:STT - Free Report) by 64.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,517 shares of the asset manager's stock after purchasing an additional 4,916 shares during the quarter. Arjuna Capital's holdings in State Street were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in STT. Albion Financial Group UT bought a new stake in shares of State Street during the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its position in State Street by 116.6% during the 4th quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager's stock worth $36,000 after buying an additional 197 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in State Street during the 4th quarter worth approximately $42,000. Coastline Trust Co acquired a new stake in State Street during the 3rd quarter worth approximately $44,000. Finally, Friedenthal Financial acquired a new stake in State Street during the 4th quarter worth approximately $49,000. 87.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on STT. StockNews.com downgraded shares of State Street from a "buy" rating to a "hold" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $103.00 target price (down from $104.00) on shares of State Street in a research report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on shares of State Street from $108.00 to $118.00 and gave the stock an "overweight" rating in a research report on Thursday, January 2nd. Wolfe Research upgraded shares of State Street from an "underperform" rating to a "peer perform" rating in a research report on Monday, January 27th. Finally, Truist Financial dropped their price target on shares of State Street from $106.00 to $104.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, State Street presently has a consensus rating of "Hold" and an average target price of $101.20.

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Insider Transactions at State Street

In related news, EVP Ann Fogarty sold 3,705 shares of the business'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 transaction, the executive vice president now directly owns 50,816 shares of the company's stock, valued at approximately $5,054,667.52. The trade was a 6.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory L. Summe sold 10,815 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the sale, the director now directly owns 100,023 shares in the company, valued at approximately $10,002,300. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.31% of the company's stock.

State Street Trading Down 0.1 %

Shares of NYSE:STT traded down $0.11 during mid-day trading on Friday, hitting $89.72. The company had a trading volume of 2,216,264 shares, compared to its average volume of 2,070,705. The company has a market capitalization of $25.88 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. The firm has a fifty day moving average price of $97.91 and a 200 day moving average price of $94.11. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56. State Street Co. has a one year low of $70.20 and a one year high of $103.00.

State Street (NYSE:STT - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.31. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.27 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. State Street's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.04 EPS. As a group, research analysts forecast that State Street Co. will post 9.68 EPS for the current year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a $0.76 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.04 annualized dividend and a dividend yield of 3.39%. State Street's payout ratio is 36.89%.

State Street Company Profile

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.