AEGON ASSET MANAGEMENT UK Plc Sells 13,286 Shares of State Street Corporation $STT

Key Points

• AEGON ASSET MANAGEMENT UK trimmed its stake in State Street by 3.0%, selling 13,286 shares and leaving 431,944 shares worth about $55.7 million (≈0.15% of the company).
• Insiders have been net sellers: multiple executives — including COO Mostapha Tahiri and EVPs John Plansky and Michael L. Richards — have sold shares recently, with 28,711 insider shares sold in the last 90 days, a potential near-term headwind for sentiment.
• Fundamentals and liquidity look constructive: State Street beat quarterly estimates ($2.84 EPS on $3.80B revenue, +15.6% YoY), declared a $0.84 quarterly dividend, issued $800M of fixed-to-floating senior notes, and has seen analyst upgrades toward a consensus "Moderate Buy" (target ~$154).

AEGON ASSET MANAGEMENT UK Plc lowered its position in shares of State Street Corporation (NYSE:STT - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 431,944 shares of the asset manager's stock after selling 13,286 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.15% of State Street worth $55,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of STT. True Wealth Design LLC lifted its stake in shares of State Street by 166.3% in the 3rd quarter. True Wealth Design LLC now owns 253 shares of the asset manager's stock valued at $29,000 after purchasing an additional 158 shares during the period. JPL Wealth Management LLC acquired a new position in shares of State Street in the 3rd quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new position in shares of State Street in the 3rd quarter valued at about $35,000. Measured Wealth Private Client Group LLC acquired a new position in shares of State Street in the 3rd quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of State Street by 2,142.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 314 shares of the asset manager's stock valued at $36,000 after purchasing an additional 300 shares during the period. Institutional investors own 87.44% of the company's stock.

Insider Activity at State Street

In related news, EVP Michael L. Richards sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $153.89, for a total transaction of $461,670.00. Following the sale, the executive vice president directly owned 43,522 shares in the company, valued at approximately $6,697,600.58. This represents a 6.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Plansky sold 16,100 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $124.32, for a total transaction of $2,001,552.00. Following the sale, the executive vice president owned 56,162 shares in the company, valued at $6,982,059.84. The trade was a 22.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 28,711 shares of company stock worth $3,933,032. 0.29% of the stock is owned by corporate insiders.

State Street News Summary

Here are the key news stories impacting State Street this week:

• Positive Sentiment: State Street issued $800 million of fixed-to-floating rate senior notes to boost liquidity and funding flexibility — a constructive move for balance-sheet readiness and liquidity management. State Street Boosts Liquidity With New Senior Notes Offering
• Positive Sentiment: Zacks Research upgraded STT from "hold" to "strong-buy," which can attract buyer interest and supports sentiment following recent earnings strength. Zacks.com
• Positive Sentiment: Short interest dropped ~27.8% month-over-month to ~3.52M shares (≈1.3% of float), reducing short pressure and the potential for short-driven volatility. No external link
• Neutral Sentiment: State Street reported portfolio moves where it ceased to be a substantial holder in Elsight Ltd., a routine passive-tracking/subsidiary rebalancing item that is unlikely to affect STT’s core business. State Street Ceases to Be Substantial Holder in Elsight
• Neutral Sentiment: Similar filings show State Street ceased being a substantial holder in Select Harvests and in Collins Foods — portfolio/ownership disclosures that are standard for an asset manager. State Street Ceases to Be Substantial Holder in Select Harvests State Street Group Ceases to Be Substantial Holder in Collins Foods
• Negative Sentiment: Multiple insider sales were disclosed today — a common near-term headwind for sentiment as investors watch insider behavior. Top State Street Insiders Quietly Unload a Chunk of Their Shares
• Negative Sentiment: COO Mostapha Tahiri sold 9,611 shares at an average $152.93 (~$1.47M), cutting his stake ~12.9%; the Form 4 is available on the SEC site. COO Form 4
• Negative Sentiment: EVP Michael L. Richards sold 3,000 shares at an average $153.89 (~$462k), reducing his ownership by ~6.5%; details on the SEC filing. EVP Form 4

State Street Stock Performance

Shares of STT opened at $150.69 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $41.75 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 0.84 and a beta of 1.37. The stock has a 50 day moving average of $130.81 and a 200 day moving average of $126.22. State Street Corporation has a 12 month low of $85.68 and a 12 month high of $156.18.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings results on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $0.20. State Street had a return on equity of 14.22% and a net margin of 13.47%.The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the business posted $2.04 earnings per share. State Street's revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts forecast that State Street Corporation will post 12.23 earnings per share for the current year.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Wednesday, April 1st were paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, April 1st. State Street's dividend payout ratio is presently 34.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Loop Capital set a $144.00 price target on State Street in a research note on Tuesday, January 6th. Barclays set a $165.00 price target on State Street in a research note on Monday, April 20th. Argus upped their price target on State Street from $140.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on State Street from $157.00 to $175.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of State Street in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.00.

State Street Company Profile

State Street Corporation is a global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors. Its principal activities include custody and fund administration, securities lending, performance and risk analytics, trading and execution services, and foreign exchange. The company also offers investment management through State Street Global Advisors, a major provider of exchange-traded funds and institutional investment strategies.

State Street serves a broad client base of asset managers, insurance companies, pension funds, endowments, and other institutions across North America, Europe, Asia and other global markets.

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