2,489 Shares in State Street Co. (NYSE:STT) Acquired by SYM FINANCIAL Corp

SYM FINANCIAL Corp purchased a new stake in State Street Co. (NYSE:STT) in the 4th quarter, Holdings Channel.com reports. The fund purchased 2,489 shares of the asset manager’s stock, valued at approximately $244,000.

A number of other large investors also recently made changes to their positions in STT. Creative Planning boosted its stake in State Street by 11.2% in the 2nd quarter. Creative Planning now owns 18,400 shares of the asset manager’s stock worth $1,362,000 after buying an additional 1,857 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of State Street by 5.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,863 shares of the asset manager’s stock worth $878,000 after acquiring an additional 588 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of State Street in the second quarter worth approximately $1,016,000. Czech National Bank increased its position in State Street by 6.0% during the third quarter. Czech National Bank now owns 60,832 shares of the asset manager’s stock worth $5,382,000 after purchasing an additional 3,424 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in State Street by 5.7% during the third quarter. Park Avenue Securities LLC now owns 4,971 shares of the asset manager’s stock worth $440,000 after purchasing an additional 267 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

State Street Price Performance

STT stock opened at $101.61 on Monday. The stock’s 50 day moving average is $98.51 and its two-hundred day moving average is $91.25. State Street Co. has a 52-week low of $70.20 and a 52-week high of $103.00. The company has a market capitalization of $29.79 billion, a PE ratio of 12.33, a P/E/G ratio of 1.13 and a beta of 1.43. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03.

State Street (NYSE:STT) last issued its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.31. State Street had a net margin of 12.14% and a return on equity of 12.60%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the firm earned $2.04 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. Analysts predict that State Street Co. will post 9.6 earnings per share for the current fiscal year.

State Street Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, January 2nd. State Street’s dividend payout ratio is presently 36.89%.

Insider Transactions at State Street

In other State Street news, EVP Kathryn M. Horgan sold 12,500 shares of State Street stock in a transaction on Monday, November 25th. The shares were sold at an average price of $97.97, for a total value of $1,224,625.00. Following the completion of the transaction, the executive vice president now owns 111,042 shares of the company’s stock, 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 document filed with the SEC, which is available through this link. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

STT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded State Street from an “underweight” rating to a “neutral” rating and set a $95.00 price objective for the company in a report on Friday, December 20th. Evercore ISI lifted their price objective on State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays raised their price target 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. Morgan Stanley decreased 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 note on Friday, January 3rd. Finally, StockNews.com upgraded shares of State Street from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus 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.