Jump Financial LLC Has $603,000 Holdings in State Street Co. (NYSE:STT)

Jump Financial LLC trimmed its position in State Street Co. (NYSE:STT - Free Report) by 90.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,144 shares of the asset manager's stock after selling 57,912 shares during the period. Jump Financial LLC's holdings in State Street were worth $603,000 as of its most recent SEC filing.

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

Insider Buying and Selling at State Street

In related news, EVP Ann Fogarty sold 3,705 shares of State Street stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total value of $368,536.35. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory L. Summe sold 10,815 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the completion of the sale, the director now owns 100,023 shares of the company's stock, valued at $10,002,300. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

State Street Trading Up 0.2 %

STT traded up $0.21 during trading on Monday, reaching $87.59. The company had a trading volume of 1,379,308 shares, compared to its average volume of 2,231,946. State Street Co. has a 12-month low of $70.20 and a 12-month high of $103.00. The firm's 50-day simple moving average is $87.81 and its 200 day simple moving average is $93.70. The company has a market cap of $25.28 billion, a price-to-earnings ratio of 10.63, a PEG 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.

State Street (NYSE:STT - Get Free Report) last issued its earnings results on Thursday, April 17th. The asset manager reported $2.04 EPS for the quarter, topping the consensus estimate of $1.98 by $0.06. State Street had a return on equity of 12.60% and a net margin of 12.14%. The business had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.30 billion. During the same quarter last year, the firm posted $1.69 earnings per share. Equities research analysts anticipate that State Street Co. will post 9.68 earnings per share for the current year.

State Street Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.04 dividend on an annualized basis and a yield of 3.47%. State Street's payout ratio is 34.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on STT. The Goldman Sachs Group set a $98.00 price target on State Street and gave the stock a "buy" rating in a research note on Thursday, April 17th. Bank of America upped their price target on shares of State Street from $98.00 to $99.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. Wolfe Research upgraded State Street from an "underperform" rating to a "peer perform" rating in a research report on Monday, January 27th. Evercore ISI lowered their target price on State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, Wells Fargo & Company cut their price target on State Street from $118.00 to $113.00 and set an "overweight" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, State Street has a consensus rating of "Hold" and a consensus target price of $102.15.

About State Street

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.