Eukles Asset Management Sells 1,463 Shares of State Street Co. (NYSE:STT)

Eukles Asset Management reduced its stake in shares of State Street Co. (NYSE:STT) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,247 shares of the asset manager’s stock after selling 1,463 shares during the period. State Street makes up approximately 1.3% of Eukles Asset Management’s holdings, making the stock its 27th biggest holding. Eukles Asset Management’s holdings in State Street were worth $2,969,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. lifted its position in State Street by 3.6% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,064,840 shares of the asset manager’s stock valued at $104,514,000 after acquiring an additional 36,691 shares in the last quarter. Savant Capital LLC raised its stake in shares of State Street by 1.1% in the 4th quarter. Savant Capital LLC now owns 28,172 shares of the asset manager’s stock valued at $2,765,000 after purchasing an additional 310 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of State Street by 49.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,704 shares of the asset manager’s stock valued at $462,000 after purchasing an additional 1,561 shares in the last quarter. Howland Capital Management LLC acquired a new position in shares of State Street during the fourth quarter worth about $439,000. Finally, Entropy Technologies LP bought a new position in shares of State Street during the fourth quarter worth about $1,827,000. Institutional investors own 87.44% of the company’s stock.

Insider Transactions at State Street

In other news, EVP Kathryn M. Horgan sold 12,500 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. The trade was a 10.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

State Street Stock Down 0.2 %

STT stock opened at $99.44 on Monday. State Street Co. has a 1-year low of $70.20 and a 1-year high of $103.00. The business’s 50 day simple moving average is $98.53 and its 200 day simple moving average is $91.76. 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 firm has a market capitalization of $29.15 billion, a PE ratio of 12.07, a PEG ratio of 1.12 and a beta of 1.43.

State Street (NYSE:STT) last released its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, beating the consensus estimate of $2.29 by $0.31. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.27 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 earnings per share. As a group, research analysts anticipate that State Street Co. will post 9.6 EPS for the current year.

State Street Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on STT shares. Wells Fargo & Company boosted their target price on State Street from $108.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, January 2nd. Truist Financial cut their price objective on shares of State Street from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley decreased their target price on shares of State Street from $139.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Evercore ISI boosted their price target on shares of State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $103.00 price objective (down previously from $104.00) on shares of State Street in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, State Street currently has a consensus rating of “Hold” and a consensus target price 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.