O Shaughnessy Asset Management LLC Sells 231,374 Shares of State Street Co. (NYSE:STT)

O Shaughnessy Asset Management LLC lowered its stake in shares of State Street Co. (NYSE:STT - Free Report) by 76.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,060 shares of the asset manager's stock after selling 231,374 shares during the period. O Shaughnessy Asset Management LLC's holdings in State Street were worth $6,876,000 as of its most recent SEC filing.

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

State Street Price Performance

STT traded down $6.95 during trading on Thursday, reaching $82.64. 3,019,991 shares of the company traded hands, compared to its average volume of 2,168,103. The company has a market cap of $23.84 billion, a P/E ratio of 10.03, a PEG ratio of 1.11 and a beta of 1.44. 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 Co. has a 12-month low of $70.20 and a 12-month high of $103.00. The firm has a fifty day simple moving average of $94.55 and a 200 day simple moving average of $94.53.

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State Street (NYSE:STT - Get Free Report) last posted its earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.31. The company had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.27 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. State Street's quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $2.04 earnings per share. On average, equities analysts forecast that State Street Co. will post 9.68 EPS for the current year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a $0.76 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.04 annualized dividend and a dividend yield of 3.68%. State Street's dividend payout ratio (DPR) is 36.89%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays increased their target price on State Street from $108.00 to $127.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Bank of America raised their price objective on shares of State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of State Street from an "underweight" rating to a "neutral" rating and set a $95.00 target price for the company in a research report on Friday, December 20th. Wolfe Research upgraded shares of State Street from an "underperform" rating to a "peer perform" rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded shares of State Street from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $102.07.

Insider Buying and Selling

In related news, EVP Ann Fogarty sold 3,705 shares of the business's 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 sale, the executive vice president now owns 50,816 shares in the company, valued at approximately $5,054,667.52. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory L. Summe sold 10,815 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the transaction, the director now owns 100,023 shares of the company's stock, valued at $10,002,300. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

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.