12,167 Shares in State Street Co. (NYSE:STT) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new stake in State Street Co. (NYSE:STT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,167 shares of the asset manager's stock, valued at approximately $1,194,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in STT. Adero Partners LLC boosted its holdings in State Street by 3.6% in the fourth quarter. Adero Partners LLC now owns 2,900 shares of the asset manager's stock valued at $285,000 after purchasing an additional 100 shares during the last quarter. Peapack Gladstone Financial Corp lifted its holdings in shares of State Street by 2.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 5,283 shares of the asset manager's stock valued at $467,000 after buying an additional 103 shares during the period. Jacobi Capital Management LLC boosted its stake in shares of State Street by 1.0% in the fourth quarter. Jacobi Capital Management LLC now owns 12,232 shares of the asset manager's stock worth $1,201,000 after buying an additional 121 shares during the last quarter. Moors & Cabot Inc. grew its holdings in State Street by 0.7% during the fourth quarter. Moors & Cabot Inc. now owns 18,332 shares of the asset manager's stock worth $1,799,000 after acquiring an additional 131 shares during the period. Finally, Apollon Wealth Management LLC raised its position in State Street by 1.4% during the fourth quarter. Apollon Wealth Management LLC now owns 10,050 shares of the asset manager's stock valued at $986,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

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Analyst Ratings Changes

STT has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of State Street from $118.00 to $113.00 and set an "overweight" rating on the stock in a research note on Friday. Citigroup cut their price objective on shares of State Street from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Truist Financial lowered their target price on shares of State Street from $106.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley dropped their target price on State Street from $142.00 to $139.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Finally, Wolfe Research raised State Street from an "underperform" rating to a "peer perform" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have assigned 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 an average rating of "Hold" and an average target price of $102.33.

Insider Transactions at State Street

In other State Street news, Director Gregory L. Summe sold 10,815 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total value of $1,081,500.00. Following the transaction, the director now directly owns 100,023 shares in the company, valued at $10,002,300. The trade was a 9.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Fogarty sold 3,705 shares of the firm'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 owns 50,816 shares of the company's stock, valued at $5,054,667.52. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.31% of the company's stock.

State Street Price Performance

Shares of STT traded up $0.40 during trading hours on Tuesday, hitting $89.17. 772,972 shares of the stock were exchanged, compared to its average volume of 2,051,683. The stock's 50-day moving average price is $95.20 and its two-hundred day moving average price is $94.61. 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 company has a market cap of $25.72 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. State Street Co. has a 12-month low of $70.20 and a 12-month high of $103.00.

State Street (NYSE:STT - Get Free Report) last released its earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) for the quarter, topping 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%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Research analysts expect that State Street Co. will post 9.68 earnings per share for the current year.

State Street Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Tuesday, April 1st. State Street's dividend payout ratio (DPR) is 36.89%.

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.