State Street Co. (NYSE:STT) Shares Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC increased its stake in shares of State Street Co. (NYSE:STT) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,455 shares of the asset manager’s stock after purchasing an additional 499 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in State Street were worth $437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Albion Financial Group UT purchased a new stake in State Street during the 4th quarter worth about $25,000. Y.D. More Investments Ltd lifted its holdings in State Street by 116.6% during the 4th quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager’s stock worth $36,000 after buying an additional 197 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in State Street during the 4th quarter worth about $42,000. Coppell Advisory Solutions LLC lifted its holdings in State Street by 2,942.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager’s stock worth $42,000 after buying an additional 412 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in State Street by 187.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager’s stock worth $47,000 after buying an additional 311 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

State Street Stock Up 0.0%

State Street stock opened at $98.23 on Friday. State Street Co. has a fifty-two week low of $70.20 and a fifty-two 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 has a market capitalization of $28.01 billion, a P/E ratio of 11.92, a PEG ratio of 1.11 and a beta of 1.42. The stock has a 50-day simple moving average of $87.22 and a 200-day simple moving average of $93.82.

State Street (NYSE:STT) last posted its quarterly earnings data on Thursday, April 17th. The asset manager reported $2.04 EPS for the quarter, beating the consensus estimate of $1.98 by $0.06. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.30 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. During the same period in the prior year, the business earned $1.69 EPS. Equities research analysts expect that State Street Co. will post 9.68 earnings per share for the current year.

State Street Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, July 1st. State Street’s dividend payout ratio is presently 34.12%.

Insider Buying and Selling at State Street

In other State Street news, Director Gregory L. Summe sold 10,815 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the completion of the sale, the director now directly owns 100,023 shares of the company’s stock, valued at $10,002,300. This represents a 9.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Elizabeth Schaefer sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $90.72, for a total value of $117,936.00. Following the sale, the chief accounting officer now directly owns 7,354 shares of the company’s stock, valued at approximately $667,154.88. This represents a 15.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,820 shares of company stock valued at $1,567,972 in the last ninety days. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STT. Keefe, Bruyette & Woods decreased their price target on State Street from $118.00 to $113.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Bank of America lifted their price target on State Street from $98.00 to $99.00 and gave the stock an “underperform” rating in a report on Wednesday, April 2nd. Evercore ISI decreased their price target on State Street from $109.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. The Goldman Sachs Group set a $98.00 price target on State Street and gave the stock a “buy” rating in a report on Thursday, April 17th. Finally, Morgan Stanley decreased their price target on State Street from $139.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, State Street presently has a consensus rating of “Hold” and a consensus price target of $102.15.

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.