State Street Co. (NYSE:STT) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its position in State Street Co. (NYSE:STT) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,186 shares of the asset manager’s stock after purchasing an additional 475 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in State Street were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its stake in shares of State Street by 8.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,667 shares of the asset manager’s stock valued at $262,000 after buying an additional 211 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of State Street by 1.4% during the fourth quarter. Apollon Wealth Management LLC now owns 10,050 shares of the asset manager’s stock worth $986,000 after purchasing an additional 138 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of State Street by 2.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,073 shares of the asset manager’s stock valued at $3,148,000 after purchasing an additional 656 shares during the period. Adero Partners LLC increased its stake in State Street by 3.6% in the fourth quarter. Adero Partners LLC now owns 2,900 shares of the asset manager’s stock valued at $285,000 after purchasing an additional 100 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in State Street by 7.6% in the 4th quarter. Bleakley Financial Group LLC now owns 7,596 shares of the asset manager’s stock worth $746,000 after buying an additional 539 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

State Street Trading Down 0.2 %

NYSE:STT opened at $99.44 on Monday. The stock has a market cap of $29.15 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. State Street Co. has a one year low of $70.20 and a one year 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 business’s 50-day simple moving average is $98.53 and its 200 day simple moving average is $91.76.

State Street (NYSE:STT) last released its earnings results on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the prior year, the business posted $2.04 EPS. The business’s revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts predict that State Street Co. will post 9.6 earnings per share for the current fiscal year.

State Street Dividend Announcement

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

Insider Activity at State Street

In other State Street news, EVP Kathryn M. Horgan sold 12,500 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the sale, the executive vice president now directly owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. This represents a 10.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of State Street from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $105.00 to $120.00 in a research note on Tuesday, December 3rd. StockNews.com raised shares of State Street from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. Wells Fargo & Company lifted their price target on shares of State Street from $108.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, January 2nd. Wolfe Research raised shares of State Street from an “underperform” rating to a “peer perform” rating in a research report on Monday, January 27th. Finally, Barclays lifted their target price on shares of State Street from $108.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, State Street currently has an average rating of “Hold” and an average price target of $100.73.

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.