Ilmarinen Mutual Pension Insurance Co Has $11.17 Million Holdings in State Street Co. (NYSE:STT)

Ilmarinen Mutual Pension Insurance Co grew its holdings in State Street Co. (NYSE:STT - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,800 shares of the asset manager's stock after acquiring an additional 13,800 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in State Street were worth $11,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in State Street in the fourth quarter valued at $272,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in State Street by 3.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 457,924 shares of the asset manager's stock worth $44,725,000 after purchasing an additional 14,476 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in State Street by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,874,936 shares of the asset manager's stock worth $184,025,000 after purchasing an additional 10,404 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of State Street by 11.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 74,268 shares of the asset manager's stock worth $7,289,000 after buying an additional 7,446 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of State Street in the 4th quarter valued at $395,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $103.00 price target (down from $104.00) on shares of State Street in a research report on Wednesday, January 22nd. Morgan Stanley decreased their target price on State Street from $139.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. StockNews.com lowered State Street from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Bank of America increased their price objective on State Street from $98.00 to $99.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. Finally, Evercore ISI cut their target price on shares of State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, State Street presently has a consensus rating of "Hold" and a consensus target price of $101.07.

Insider Buying and Selling

In related news, Director Gregory L. Summe sold 10,815 shares of the business's stock in a transaction on 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 sale, the director now owns 100,023 shares of the company's stock, valued at $10,002,300. The trade was a 9.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Fogarty sold 3,705 shares of the stock in a transaction dated 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 trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

State Street Stock Down 0.3 %

NYSE:STT traded down $0.24 during trading hours on Friday, hitting $78.76. 786,509 shares of the company's stock traded hands, compared to its average volume of 2,192,850. State Street Co. has a twelve month low of $70.20 and a twelve month high of $103.00. The firm has a market cap of $22.73 billion, a P/E ratio of 9.53, a P/E/G ratio of 1.11 and a beta of 1.42. 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 stock's fifty day moving average price is $91.42 and its two-hundred day moving average price is $94.06.

State Street (NYSE:STT - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, beating 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 quarter in the previous year, the business posted $2.04 EPS. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts expect that State Street Co. will post 9.68 earnings per share for the current fiscal year.

State Street Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Tuesday, April 1st. State Street's payout ratio 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.