B. Metzler seel. Sohn & Co. AG Sells 3,170 Shares of State Street Co. (NYSE:STT)

B. Metzler seel. Sohn & Co. AG cut its position in State Street Co. (NYSE:STT - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,126 shares of the asset manager's stock after selling 3,170 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in State Street were worth $3,644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STT. Albion Financial Group UT acquired a new stake in shares of State Street during the fourth quarter worth $25,000. Y.D. More Investments Ltd increased its position in State Street by 116.6% during 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 period. Kohmann Bosshard Financial Services LLC acquired a new stake in State Street in the 4th quarter worth about $42,000. Loomis Sayles & Co. L P boosted its holdings 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 during the period. Finally, Friedenthal Financial acquired a new position in shares of State Street during the 4th quarter worth approximately $49,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on STT shares. Deutsche Bank Aktiengesellschaft reiterated 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. Citigroup dropped their price objective on State Street from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Truist Financial reduced their target price on State Street from $106.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Evercore ISI decreased their price target on State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Morgan Stanley cut their price objective on shares of State Street from $139.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, State Street has a consensus rating of "Hold" and a consensus price target of $102.07.

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Insider Transactions at State Street

In other State Street news, Director Gregory L. Summe sold 10,815 shares of the business's stock in a transaction that occurred 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 sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Fogarty sold 3,705 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total transaction of $368,536.35. Following the completion of the transaction, the executive vice president now owns 50,816 shares of the company's stock, valued at approximately $5,054,667.52. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.31% of the company's stock.

State Street Price Performance

NYSE:STT traded down $6.95 on Thursday, hitting $82.64. The company had a trading volume of 3,019,991 shares, compared to its average volume of 2,168,103. State Street Co. has a 52 week low of $70.20 and a 52 week high of $103.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.11 and a beta of 1.44. The firm has a 50 day moving average of $94.55 and a two-hundred day moving average of $94.53.

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 analysts' consensus estimates 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 return on equity of 12.60% and a net margin of 12.14%. State Street's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.04 EPS. On average, research analysts anticipate that State Street Co. will post 9.68 earnings per share for the current year.

State Street Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Tuesday, April 1st. State Street's payout ratio is 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.