5,916 Shares in State Street Co. (NYSE:STT) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in shares of State Street Co. (NYSE:STT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,916 shares of the asset manager's stock, valued at approximately $581,000.

A number of other large investors have also added to or reduced their stakes in the stock. Albion Financial Group UT purchased a new stake in shares of State Street during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd grew its holdings in State Street by 116.6% during the fourth quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager's stock valued at $36,000 after purchasing an additional 197 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of State Street in the fourth quarter valued at $42,000. Loomis Sayles & Co. L P lifted its position in shares of State Street by 187.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager's stock valued at $47,000 after buying an additional 311 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in State Street in the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Buying and Selling

In other State Street news, Director Gregory L. Summe sold 10,815 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $100.00, for a total value of $1,081,500.00. Following the completion of the sale, the director now owns 100,023 shares in the company, valued at $10,002,300. This represents a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 completion of the transaction, the executive vice president now 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 ownership of the stock. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays increased their target price on shares of State Street from $108.00 to $127.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. StockNews.com cut 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 report on Monday, January 27th. Morgan Stanley decreased their price target on shares of State Street from $139.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company reduced their target price on State Street from $118.00 to $113.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $101.07.

State Street Stock Down 8.0 %

Shares of NYSE:STT traded down $6.60 on Friday, hitting $76.23. 3,147,886 shares of the company traded hands, compared to its average volume of 2,175,130. The stock has a 50 day simple moving average of $94.09 and a 200-day simple moving average of $94.52. The company has a market cap of $21.99 billion, a PE ratio of 9.25, a PEG ratio of 1.11 and a beta of 1.42. 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 EPS for the quarter, beating the consensus estimate of $2.29 by $0.31. The company had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.27 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. State Street's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $2.04 earnings per share. As a group, research analysts expect that State Street Co. will post 9.68 earnings per share for the current year.

State Street Announces Dividend

The company also recently declared 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 of this dividend is Tuesday, April 1st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.99%. State Street's dividend payout ratio (DPR) is currently 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.