State Street Co. (NYSE:STT) Shares Sold by Ossiam

Ossiam lessened its stake in shares of State Street Co. (NYSE:STTFree Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 268,917 shares of the asset manager’s stock after selling 32,913 shares during the period. Ossiam owned about 0.09% of State Street worth $20,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of State Street by 0.3% during the 3rd quarter. Invesco Ltd. now owns 10,434,030 shares of the asset manager’s stock valued at $698,663,000 after acquiring an additional 29,190 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of State Street by 4.1% in the third quarter. Northern Trust Corp now owns 4,624,813 shares of the asset manager’s stock valued at $309,677,000 after purchasing an additional 180,093 shares in the last quarter. LSV Asset Management lifted its holdings in shares of State Street by 0.7% in the fourth quarter. LSV Asset Management now owns 3,658,731 shares of the asset manager’s stock valued at $283,405,000 after purchasing an additional 23,756 shares in the last quarter. Metropolis Capital Ltd lifted its holdings in shares of State Street by 18.4% in the fourth quarter. Metropolis Capital Ltd now owns 3,462,044 shares of the asset manager’s stock valued at $268,170,000 after purchasing an additional 537,431 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of State Street by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,597,783 shares of the asset manager’s stock valued at $201,243,000 after purchasing an additional 79,746 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

State Street Stock Up 0.3 %

State Street stock traded up $0.26 during mid-day trading on Friday, hitting $74.76. 2,213,609 shares of the company’s stock were exchanged, compared to its average volume of 1,862,589. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.90. The stock has a market cap of $22.52 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.27 and a beta of 1.47. State Street Co. has a 1-year low of $62.78 and a 1-year high of $79.90. The stock has a 50 day moving average of $75.13 and a two-hundred day moving average of $74.65.

State Street (NYSE:STTGet Free Report) last released its quarterly earnings results on Friday, April 12th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.21. State Street had a net margin of 9.62% and a return on equity of 12.03%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.06 billion. As a group, analysts anticipate that State Street Co. will post 7.95 EPS for the current fiscal year.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Monday, July 1st. State Street’s dividend payout ratio (DPR) is 51.69%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI increased their target price on State Street from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Morgan Stanley upped their price target on shares of State Street from $89.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Argus upped their price target on shares of State Street from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped their price target on shares of State Street from $79.50 to $80.50 in a research note on Friday, April 12th. Finally, UBS Group upped their price target on shares of State Street from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.04.

Check Out Our Latest Stock Analysis on State Street

State Street Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for State Street (NYSE:STT)

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