Diversified Trust Co Has $1.41 Million Stock Position in State Street Corporation (NYSE:STT)

Diversified Trust Co decreased its holdings in shares of State Street Corporation (NYSE:STT - Free Report) by 28.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,792 shares of the asset manager's stock after selling 6,401 shares during the quarter. Diversified Trust Co's holdings in State Street were worth $1,414,000 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. Board of the Pension Protection Fund purchased a new stake in State Street in the first quarter valued at approximately $116,000. Sequoia Financial Advisors LLC raised its position in shares of State Street by 2.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,414 shares of the asset manager's stock valued at $395,000 after buying an additional 118 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of State Street by 3.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 897,016 shares of the asset manager's stock worth $80,310,000 after purchasing an additional 28,495 shares during the period. Golden State Wealth Management LLC lifted its holdings in State Street by 186.7% during the 1st quarter. Golden State Wealth Management LLC now owns 476 shares of the asset manager's stock worth $43,000 after buying an additional 310 shares in the last quarter. Finally, First Pacific Financial acquired a new position in shares of State Street during the first quarter worth about $25,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Transactions at State Street

In other news, CAO Elizabeth Schaefer sold 1,300 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $90.72, for a total transaction of $117,936.00. Following the sale, the chief accounting officer now owns 7,354 shares of the company's stock, valued at $667,154.88. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STT. Cfra Research cut State Street from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 29th. Wall Street Zen lowered State Street from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Wells Fargo & Company decreased their price objective on shares of State Street from $118.00 to $113.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Keefe, Bruyette & Woods reduced their price objective on shares of State Street from $118.00 to $113.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Finally, Citigroup decreased their target price on shares of State Street from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $102.54.

State Street Price Performance

NYSE:STT traded up $0.31 during trading hours on Monday, reaching $106.31. The company had a trading volume of 182,069 shares, compared to its average volume of 2,101,385. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average of $95.40 and a two-hundred day moving average of $94.16. State Street Corporation has a one year low of $71.24 and a one year high of $106.71. The firm has a market capitalization of $30.32 billion, a PE ratio of 11.95, a PEG ratio of 1.24 and a beta of 1.45.

State Street (NYSE:STT - Get Free Report) last posted its earnings results on Thursday, April 17th. The asset manager reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.06. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.30 billion. State Street had a net margin of 12.85% and a return on equity of 12.79%. During the same quarter in the prior year, the firm earned $1.69 EPS. Analysts forecast that State Street Corporation will post 9.68 earnings per share for the current year.

State Street Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, July 1st. State Street's dividend payout ratio (DPR) is presently 34.12%.

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.