Callan Family Office LLC Purchases 8,490 Shares of State Street Co. (NYSE:STT)

Callan Family Office LLC grew its stake in State Street Co. (NYSE:STT - Free Report) by 309.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,234 shares of the asset manager's stock after acquiring an additional 8,490 shares during the quarter. Callan Family Office LLC's holdings in State Street were worth $1,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its stake in State Street by 30.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,811,415 shares of the asset manager's stock worth $514,136,000 after purchasing an additional 1,354,560 shares in the last quarter. FMR LLC grew its holdings in shares of State Street by 15.8% during the third quarter. FMR LLC now owns 6,112,758 shares of the asset manager's stock valued at $540,796,000 after buying an additional 833,679 shares during the last quarter. Wellington Management Group LLP increased its position in shares of State Street by 818.1% during the third quarter. Wellington Management Group LLP now owns 518,697 shares of the asset manager's stock valued at $45,889,000 after acquiring an additional 462,201 shares in the last quarter. Raymond James Financial Inc. purchased a new position in State Street in the 4th quarter worth approximately $44,070,000. Finally, National Bank of Canada FI lifted its position in State Street by 99.4% in the 3rd quarter. National Bank of Canada FI now owns 888,146 shares of the asset manager's stock valued at $78,574,000 after acquiring an additional 442,725 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $103.00 price target (down from $104.00) on shares of State Street in a report on Wednesday, January 22nd. Barclays boosted their target price on shares of State Street from $108.00 to $127.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Truist Financial dropped their price objective on shares of State Street from $106.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. StockNews.com lowered State Street from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Keefe, Bruyette & Woods raised State Street from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $105.00 to $120.00 in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $101.20.

Insiders Place Their Bets

In other news, 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 value of $1,081,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ann Fogarty sold 3,705 shares of State Street stock in a transaction dated Tuesday, February 18th. The shares were 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. The trade was 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 Trading Up 0.0 %

Shares of STT traded up $0.04 during midday trading on Wednesday, hitting $85.76. The stock had a trading volume of 2,416,560 shares, compared to its average volume of 2,075,581. State Street Co. has a 1 year low of $70.20 and a 1 year 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 stock's 50 day moving average is $97.43 and its 200 day moving average is $94.15. The firm has a market cap of $24.74 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44.

State Street (NYSE:STT - Get Free Report) last announced 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. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.27 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 earnings per share. As a group, analysts forecast that State Street Co. will post 9.68 EPS for the current fiscal year.

State Street Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, April 1st. State Street's dividend payout ratio (DPR) is presently 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.