State Street Co. (NYSE:STT) Holdings Raised by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in State Street Co. (NYSE:STT - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,225 shares of the asset manager's stock after purchasing an additional 6,473 shares during the period. Schroder Investment Management Group owned about 0.06% of State Street worth $17,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STT. Albion Financial Group UT acquired a new position in shares of State Street during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd raised its holdings in shares of State Street by 116.6% in the fourth 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 during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of State Street in the fourth quarter valued at $42,000. Loomis Sayles & Co. L P boosted its stake in shares of State Street by 187.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager's stock valued at $47,000 after acquiring an additional 311 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of State Street during the fourth quarter valued at $49,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other State Street news, EVP Ann Fogarty sold 3,705 shares of State Street 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 directly owns 50,816 shares in the company, valued at $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 available through the SEC website. Also, Director Gregory L. Summe sold 10,815 shares of the stock in a transaction that occurred on 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 owns 100,023 shares of the company's stock, valued at approximately $10,002,300. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.31% of the company's stock.

Remove Ads

State Street Trading Down 8.0 %

STT traded down $6.60 during trading on Friday, hitting $76.23. 3,147,886 shares of the company's stock were exchanged, compared to its average volume of 2,173,015. State Street Co. has a 1 year low of $70.20 and a 1 year high of $103.00. The stock has a 50 day moving average price of $94.09 and a 200 day moving average price of $94.47. The firm has a market cap of $21.99 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.42. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.31. State Street had a return on equity of 12.60% and a net margin of 12.14%. The company had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.27 billion. During the same quarter in the previous year, the firm posted $2.04 earnings per share. The firm's quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts expect that State Street Co. will post 9.68 EPS for the current fiscal year.

State Street Dividend Announcement

The company 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 3.99%. The ex-dividend date of this dividend is Tuesday, April 1st. State Street's dividend payout ratio (DPR) is 36.89%.

Wall Street Analyst Weigh In

STT has been the topic of a number of recent research reports. Wolfe Research upgraded shares of State Street from an "underperform" rating to a "peer perform" rating in a report on Monday, January 27th. Morgan Stanley decreased their target price on shares of State Street from $139.00 to $132.00 and set an "overweight" rating on the stock in a research report on Wednesday. Bank of America boosted their price target on State Street from $98.00 to $99.00 and gave the company an "underperform" rating in a report on Wednesday. Barclays increased their price target on State Street from $108.00 to $127.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. raised State Street from an "underweight" rating to a "neutral" rating and set a $95.00 price objective for the company in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $101.07.

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.