2,882 Shares in State Street Co. (NYSE:STT) Purchased by BostonPremier Wealth LLC

BostonPremier Wealth LLC purchased a new stake in State Street Co. (NYSE:STT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,882 shares of the asset manager's stock, valued at approximately $283,000.

A number of other large investors also recently bought and sold shares of the business. Adero Partners LLC raised its position in shares of State Street by 3.6% during the 4th quarter. Adero Partners LLC now owns 2,900 shares of the asset manager's stock worth $285,000 after purchasing an additional 100 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in State Street by 2.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 5,283 shares of the asset manager's stock worth $467,000 after purchasing an additional 103 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of State Street by 1.4% during the fourth quarter. Apollon Wealth Management LLC now owns 10,050 shares of the asset manager's stock worth $986,000 after buying an additional 138 shares in the last quarter. Empirical Finance LLC raised its position in shares of State Street by 1.4% in the third quarter. Empirical Finance LLC now owns 11,268 shares of the asset manager's stock valued at $997,000 after buying an additional 158 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in shares of State Street by 6.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 2,869 shares of the asset manager's stock worth $282,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

State Street Stock Up 0.6 %

NYSE STT traded up $0.62 during trading hours on Tuesday, hitting $98.67. 1,519,913 shares of the company were exchanged, compared to its average volume of 2,026,967. The company has a 50 day moving average of $98.53 and a two-hundred day moving average of $91.91. The firm has a market cap of $28.92 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.12 and a beta of 1.43. State Street Co. has a 52-week low of $70.20 and a 52-week high of $103.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $3.27 billion. During the same period in the prior year, the firm posted $2.04 EPS. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts anticipate that State Street Co. will post 9.6 earnings per share for the current year.

State Street Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Thursday, January 2nd. State Street's dividend payout ratio is presently 36.89%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $103.00 price objective (down previously from $104.00) on shares of State Street in a report on Wednesday, January 22nd. 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 research note on Friday, January 3rd. Evercore ISI lifted their price target on State Street from $89.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of State Street from a "hold" rating to a "buy" rating in a research report on Saturday, January 25th. Finally, Wolfe Research raised shares of State Street from an "underperform" rating to a "peer perform" rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $100.73.

Insiders Place Their Bets

In related news, EVP Kathryn M. Horgan sold 12,500 shares of State Street stock in a transaction on Monday, November 25th. The shares were sold at an average price of $97.97, for a total value of $1,224,625.00. Following the transaction, the executive vice president now directly owns 111,042 shares in the company, valued at $10,878,784.74. This trade represents a 10.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by insiders.

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.