Axa S.A. Has $32.20 Million Stock Holdings in State Street Co. (NYSE:STT)

AXA S.A. lifted its holdings in State Street Co. (NYSE:STT - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 328,026 shares of the asset manager's stock after acquiring an additional 25,725 shares during the quarter. AXA S.A. owned 0.11% of State Street worth $32,196,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of State Street during the 3rd quarter worth approximately $1,125,000. Synovus Financial Corp increased its position in State Street by 10.3% during the third quarter. Synovus Financial Corp now owns 13,321 shares of the asset manager's stock worth $1,179,000 after purchasing an additional 1,247 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in shares of State Street by 2.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 5,283 shares of the asset manager's stock valued at $467,000 after buying an additional 103 shares during the period. Franklin Resources Inc. grew its position in State Street by 13.8% in the third quarter. Franklin Resources Inc. now owns 3,366,549 shares of the asset manager's stock worth $306,116,000 after acquiring an additional 408,792 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in State Street during the third quarter worth $209,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STT. Truist Financial cut their price objective on State Street from $89.00 to $85.00 and set a "hold" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group set a $98.00 price target on shares of State Street and gave the company a "buy" rating in a research note on Thursday, April 17th. Evercore ISI lowered their price objective on shares of State Street from $109.00 to $106.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Barclays decreased their price target on State Street from $127.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Bank of America lifted their price objective on State Street from $98.00 to $99.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $102.15.

Insider Activity at State Street

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

State Street Stock Performance

Shares of NYSE:STT traded down $0.05 during trading on Friday, hitting $94.01. 397,303 shares of the company traded hands, compared to its average volume of 2,147,038. The stock has a market capitalization of $26.81 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.11 and a beta of 1.42. The business's fifty day moving average is $86.32 and its 200-day moving average is $93.59. 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 one year low of $70.20 and a one year high of $103.00.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.06. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.30 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. During the same quarter in the prior year, the business posted $1.69 earnings per share. As a group, equities analysts predict that State Street Co. will post 9.68 earnings per share for the current fiscal year.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were paid a $0.76 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.04 dividend on an annualized basis and a yield of 3.23%. State Street's dividend payout ratio is currently 34.12%.

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.