Natixis Advisors L.P. Buys 7,285 Shares of State Street Co. (NYSE:STT)

Natixis Advisors L.P. increased its stake in State Street Co. (NYSE:STT) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,046 shares of the asset manager’s stock after purchasing an additional 7,285 shares during the period. Natixis Advisors L.P. owned 0.08% of State Street worth $18,980,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STT. Banque Cantonale Vaudoise raised its position in shares of State Street by 54.9% during the third quarter. Banque Cantonale Vaudoise now owns 10,839 shares of the asset manager’s stock worth $726,000 after acquiring an additional 3,841 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in State Street during the 4th quarter valued at about $45,687,000. Crestwood Advisors Group LLC lifted its position in State Street by 11.0% during the 3rd quarter. Crestwood Advisors Group LLC now owns 83,069 shares of the asset manager’s stock valued at $5,562,000 after purchasing an additional 8,202 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in shares of State Street by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 484,411 shares of the asset manager’s stock valued at $37,522,000 after purchasing an additional 17,270 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of State Street by 4.9% during the 4th quarter. Federated Hermes Inc. now owns 270,342 shares of the asset manager’s stock worth $20,941,000 after buying an additional 12,594 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore ISI raised their price objective on shares of State Street from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Argus lifted their price objective on State Street from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods cut their target price on State Street from $89.00 to $86.00 and set a “market perform” rating on the stock in a research note on Monday, January 22nd. Royal Bank of Canada boosted their target price on State Street from $75.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Finally, Morgan Stanley increased their price target on shares of State Street from $89.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $84.04.

State Street Price Performance

NYSE STT opened at $74.39 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.32 and a beta of 1.52. The business has a 50 day simple moving average of $74.26 and a 200 day simple moving average of $73.11. State Street Co. has a 52-week low of $62.78 and a 52-week high of $79.90.

State Street (NYSE:STT) last issued its quarterly earnings data on Friday, April 12th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $3.06 billion. Analysts anticipate that State Street Co. will post 7.96 earnings per share for the current fiscal year.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Monday, April 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Thursday, March 28th. State Street’s dividend payout ratio is 51.69%.

Insider Activity

In related news, EVP Anthony Bisegna sold 2,606 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $73.00, for a total transaction of $190,238.00. Following the completion of the transaction, the executive vice president now directly owns 17,737 shares in the company, valued at $1,294,801. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Eric W. Aboaf sold 12,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $73.90, for a total transaction of $886,800.00. Following the completion of the transaction, the chief financial officer now owns 149,063 shares in the company, valued at $11,015,755.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony Bisegna sold 2,606 shares of State Street stock in a transaction on Friday, February 16th. The shares were sold at an average price of $73.00, for a total transaction of $190,238.00. Following the completion of the sale, the executive vice president now owns 17,737 shares in the company, valued at $1,294,801. The disclosure for this sale can be found here. Insiders have sold a total of 18,864 shares of company stock worth $1,390,597 over the last three months. Corporate insiders own 0.31% of the company’s stock.

State Street Company 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.