B. Metzler seel. Sohn & Co. AG Raises Stake in State Street Corporation $STT

Key Points

• B. Metzler seel. Sohn & Co. AG raised its stake in State Street by 34.7% to 31,018 shares (worth about $4.00M), with institutional investors now owning roughly 87.44% of the company.
• State Street posted a quarterly EPS beat ($2.84 vs. $2.64) and 15.6% revenue growth, received analyst upgrades (including Zacks to "strong-buy" and a consensus "Moderate Buy" with a $154 target), and issued $800 million of fixed-to-floating senior notes to boost liquidity.
• Despite the positive fundamentals, multiple insiders sold a total of 28,711 shares (~$3.93M) in the last 90 days, while short interest fell about 27.8% to ~3.52M shares (~1.3% of float), creating mixed sentiment.

B. Metzler seel. Sohn & Co. AG lifted its position in shares of State Street Corporation (NYSE:STT - Free Report) by 34.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,018 shares of the asset manager's stock after purchasing an additional 7,989 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in State Street were worth $4,002,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. JPL Wealth Management LLC acquired a new position in State Street during the 3rd quarter worth approximately $29,000. True Wealth Design LLC raised its position 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 in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of State Street in the 4th quarter valued at approximately $39,000. Flagship Wealth Advisors LLC acquired a new position in shares of State Street in the 3rd quarter valued at approximately $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of State Street in the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Key Stories Impacting State Street

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research raised State Street from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. TD Cowen reaffirmed a "buy" rating on shares of State Street in a research report on Wednesday, January 7th. Barclays set a $165.00 target price on State Street in a research report on Monday. Weiss Ratings reissued a "buy (b)" rating on shares of State Street in a research report on Monday. Finally, Argus upped their price target on State Street from $140.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $154.00.

Insider Activity

In other news, EVP Michael L. Richards sold 3,000 shares of the company's stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the sale, the executive vice president directly owned 43,522 shares of the company's stock, valued at $6,697,600.58. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John Plansky sold 16,100 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $124.32, for a total value of $2,001,552.00. Following the completion of the sale, the executive vice president directly owned 56,162 shares of the company's stock, valued at approximately $6,982,059.84. This represents a 22.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,711 shares of company stock worth $3,933,032 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

State Street Trading Down 0.4%

NYSE:STT opened at $150.69 on Friday. State Street Corporation has a 1 year low of $85.68 and a 1 year high of $156.18. The stock has a market cap 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 business has a fifty day moving average of $130.81 and a 200-day moving average of $126.15. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.57.

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

State Street Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Wednesday, April 1st were issued a $0.84 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $3.36 annualized dividend and a dividend yield of 2.2%. State Street's dividend payout ratio is 34.08%.

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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