BNP Paribas Financial Markets Has $62.41 Million Stock Holdings in State Street Co. (NYSE:STT)

BNP Paribas Financial Markets grew its position in shares of State Street Co. (NYSE:STT - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 635,884 shares of the asset manager's stock after acquiring an additional 117,858 shares during the quarter. BNP Paribas Financial Markets owned about 0.22% of State Street worth $62,412,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of State Street during the fourth quarter worth approximately $161,021,000. Price T Rowe Associates Inc. MD lifted its stake in shares of State Street by 236.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,309,130 shares of the asset manager's stock worth $226,642,000 after acquiring an additional 1,622,408 shares during the period. FMR LLC lifted its holdings in shares of State Street by 14.2% in the fourth quarter. FMR LLC now owns 6,983,607 shares of the asset manager's stock valued at $685,441,000 after buying an additional 870,849 shares during the period. Northern Trust Corp grew its holdings in State Street by 15.7% during the fourth quarter. Northern Trust Corp now owns 4,148,410 shares of the asset manager's stock worth $407,166,000 after acquiring an additional 563,790 shares during the period. Finally, Amundi raised its position in State Street by 11.1% in the fourth quarter. Amundi now owns 5,602,547 shares of the asset manager's stock worth $547,636,000 after acquiring an additional 561,773 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STT has been the topic of several analyst reports. Citigroup dropped their target price on shares of State Street from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Wolfe Research upgraded State Street from an "underperform" rating to a "peer perform" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $103.00 target price (down previously from $104.00) on shares of State Street in a report on Wednesday, January 22nd. Bank of America boosted their price objective on shares of State Street from $98.00 to $99.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. Finally, Evercore ISI decreased their target price on shares of State Street from $109.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $102.15.

State Street Stock Performance

STT traded down $0.25 on Friday, hitting $93.81. The company had a trading volume of 1,422,187 shares, compared to its average volume of 2,153,940. State Street Co. has a 1-year low of $70.20 and a 1-year high of $103.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56. The company's fifty day moving average price is $86.36 and its 200 day moving average price is $93.61. The stock has a market cap of $26.75 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.42.

State Street (NYSE:STT - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.30 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. During the same period in the prior year, the firm earned $1.69 EPS. Equities analysts predict that State Street Co. will post 9.68 earnings per share for the current fiscal year.

State Street Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders 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 dividend yield of 3.24%. State Street's payout ratio is presently 34.12%.

Insider Activity at State Street

In related news, EVP Ann Fogarty sold 3,705 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 50,816 shares in the company, valued at approximately $5,054,667.52. This trade represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Elizabeth Schaefer sold 1,300 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $90.72, for a total value of $117,936.00. Following the transaction, the chief accounting officer now owns 7,354 shares in the company, valued at $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 worth $1,567,972 in the last 90 days. 0.29% of the stock is owned by company insiders.

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.