Asset Management One Co. Ltd. Buys 4,822 Shares of State Street Co. (NYSE:STT)

Asset Management One Co. Ltd. increased its position in shares of State Street Co. (NYSE:STT - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,862 shares of the asset manager's stock after acquiring an additional 4,822 shares during the period. Asset Management One Co. Ltd.'s holdings in State Street were worth $13,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in State Street during the fourth quarter worth $272,000. KBC Group NV grew its position in State Street by 20.5% during the third quarter. KBC Group NV now owns 74,680 shares of the asset manager's stock worth $6,607,000 after buying an additional 12,707 shares in the last quarter. Merit Financial Group LLC acquired a new stake in State Street during the fourth quarter worth about $395,000. Janney Montgomery Scott LLC lifted its stake in State Street by 11.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 74,268 shares of the asset manager's stock worth $7,289,000 after purchasing an additional 7,446 shares during the period. Finally, SYM FINANCIAL Corp bought a new position in State Street during the fourth quarter worth about $244,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

State Street Trading Down 0.2 %

Shares of STT traded down $0.18 during trading hours on Thursday, hitting $99.63. 2,019,695 shares of the stock were exchanged, compared to its average volume of 1,978,957. State Street Co. has a fifty-two week low of $70.20 and a fifty-two week high of $103.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $28.74 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. The business has a 50-day moving average of $98.60 and a 200-day moving average of $92.59.

State Street (NYSE:STT - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.31. State Street had a net margin of 12.14% and a return on equity of 12.60%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. On average, research analysts expect that State Street Co. will post 9.65 EPS for the current year.

State Street Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.05%. State Street's dividend payout ratio (DPR) is presently 36.89%.

Analyst Ratings Changes

A number of research firms have recently issued reports on STT. Morgan Stanley cut their target price on shares of State Street from $139.00 to $132.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised shares of State Street from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $105.00 to $120.00 in a report on Tuesday, December 3rd. StockNews.com lowered shares of State Street from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of State Street from $108.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, January 2nd. Finally, Wolfe Research raised shares of State Street from an "underperform" rating to a "peer perform" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $100.73.

Insider Buying and Selling

In related news, Director Gregory L. Summe sold 10,815 shares of the company's stock in a transaction that occurred on 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 represents a 9.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Fogarty sold 3,705 shares of the company's stock in a transaction that occurred 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 directly owns 50,816 shares in the company, valued at $5,054,667.52. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,020 shares of company stock worth $2,674,661. 0.31% of the stock is owned by insiders.

State Street 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.