Trilogy Capital Inc. Has $3.12 Million Holdings in State Street Co. (NYSE:STT)

Trilogy Capital Inc. trimmed its holdings in State Street Co. (NYSE:STT) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,828 shares of the asset manager’s stock after selling 2,848 shares during the period. Trilogy Capital Inc.’s holdings in State Street were worth $3,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of State Street by 11.2% during the 2nd quarter. Creative Planning now owns 18,400 shares of the asset manager’s stock worth $1,362,000 after purchasing an additional 1,857 shares in the last quarter. Sanctuary Advisors LLC bought a new position in State Street in the 2nd quarter valued at about $1,016,000. Park Avenue Securities LLC raised its position in shares of State Street by 5.7% in the 3rd quarter. Park Avenue Securities LLC now owns 4,971 shares of the asset manager’s stock valued at $440,000 after buying an additional 267 shares in the last quarter. Czech National Bank lifted its holdings in shares of State Street by 6.0% during the 3rd quarter. Czech National Bank now owns 60,832 shares of the asset manager’s stock worth $5,382,000 after acquiring an additional 3,424 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of State Street by 36.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,493 shares of the asset manager’s stock worth $221,000 after acquiring an additional 661 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

State Street Stock Up 1.0 %

Shares of NYSE STT opened at $99.33 on Thursday. State Street Co. has a 52-week low of $70.20 and a 52-week high of $103.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56. The company’s 50 day moving average price is $98.49 and its 200-day moving average price is $91.48. The company has a market capitalization of $29.12 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43.

State Street (NYSE:STT) last issued 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 business had revenue of $3.41 billion for 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%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Equities analysts forecast that State Street Co. will post 9.6 earnings per share for the current year.

State Street Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.04 annualized dividend and a dividend yield of 3.06%. State Street’s dividend payout ratio is currently 36.89%.

Analyst Ratings Changes

A number of brokerages have weighed in on STT. Keefe, Bruyette & Woods raised State Street from a “market perform” rating to an “outperform” rating and raised their target price for the company from $105.00 to $120.00 in a report on Tuesday, December 3rd. StockNews.com upgraded State Street from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. Wells Fargo & Company raised their price target on shares of State Street from $108.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $103.00 price objective (down from $104.00) on shares of State Street in a research report on Wednesday, January 22nd. Finally, Morgan Stanley cut 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 Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.73.

Insider Buying and Selling

In other news, EVP Kathryn M. Horgan sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the completion of the sale, the executive vice president now owns 111,042 shares in the company, valued at $10,878,784.74. The trade was a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by 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.