Mn Services Vermogensbeheer B.V. Buys 2,000 Shares of State Street Co. (NYSE:STT)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of State Street Co. (NYSE:STT) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,319 shares of the asset manager’s stock after purchasing an additional 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in State Street were worth $11,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in shares of State Street during the 4th quarter worth about $61,000. Carlson Capital L.P. bought a new position in State Street in the 4th quarter valued at about $422,000. DMKC Advisory Services LLC bought a new position in State Street in the 4th quarter valued at about $2,079,000. Longbow Finance SA bought a new position in State Street in the 4th quarter valued at about $8,963,000. Finally, Ascent Wealth Partners LLC bought a new position in State Street in the 4th quarter valued at about $406,000. Institutional investors own 87.44% of the company’s stock.

Insider Activity at State Street

In related news, EVP Ann Fogarty sold 3,705 shares of State Street stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total value of $368,536.35. Following the completion of the transaction, the executive vice president now directly owns 50,816 shares in the company, valued at approximately $5,054,667.52. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory L. Summe sold 10,815 shares of State Street stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the completion of the transaction, the director now owns 100,023 shares of the company’s stock, valued at $10,002,300. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on STT. 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 research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of State Street from an “underweight” rating to a “neutral” rating and set a $95.00 price target on the stock in a research report on Friday, December 20th. Wells Fargo & Company raised 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. Keefe, Bruyette & Woods raised shares of State Street from a “market perform” rating to an “outperform” rating and raised their price target for the company from $105.00 to $120.00 in a research report on Tuesday, December 3rd. Finally, StockNews.com raised shares of State Street from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $100.73.

State Street Trading Up 2.0 %

Shares of STT stock opened at $99.45 on Friday. The company has a 50 day moving average of $98.59 and a 200-day moving average of $93.51. 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 Co. has a 12-month low of $70.20 and a 12-month high of $103.00. The firm has a market cap of $28.69 billion, a P/E ratio of 12.07, a PEG ratio of 1.11 and a beta of 1.43.

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 the consensus estimate of $2.29 by $0.31. State Street had a net margin of 12.14% and a return on equity of 12.60%. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the business posted $2.04 EPS. State Street’s quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that State Street Co. will post 9.68 earnings per share for the current year.

State Street Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a $0.76 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.04 dividend on an annualized basis and a yield of 3.06%. State Street’s dividend payout ratio is 36.89%.

About State Street

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.