State Street Co. (NYSE:STT) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its holdings in State Street Co. (NYSE:STT - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,067 shares of the asset manager's stock after selling 14,094 shares during the quarter. Jefferies Financial Group Inc.'s holdings in State Street were worth $1,479,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its position in State Street by 116.6% during the fourth quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager's stock worth $36,000 after purchasing an additional 197 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of State Street in the fourth quarter worth $42,000. Coppell Advisory Solutions LLC raised its holdings in shares of State Street by 2,942.9% in the fourth quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager's stock worth $42,000 after acquiring an additional 412 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of State Street by 187.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager's stock worth $47,000 after acquiring an additional 311 shares during the last quarter. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of State Street in the fourth quarter worth $49,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Elizabeth Schaefer sold 1,300 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $90.72, for a total transaction of $117,936.00. Following the completion of the transaction, the chief accounting officer now owns 7,354 shares of the company's stock, valued at approximately $667,154.88. The trade was a 15.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on State Street from $118.00 to $113.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Citigroup cut their price target on State Street from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Keefe, Bruyette & Woods cut their price target on State Street from $118.00 to $113.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Evercore ISI cut their price target on State Street from $109.00 to $106.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Finally, Truist Financial raised State Street from a "hold" rating to a "buy" rating and boosted their price target for the stock from $85.00 to $112.00 in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $104.23.

State Street Stock Down 0.1%

Shares of State Street stock traded down $0.13 during trading on Monday, reaching $96.15. The company had a trading volume of 1,242,507 shares, compared to its average volume of 2,130,981. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56. State Street Co. has a fifty-two week low of $70.20 and a fifty-two week high of $103.00. The firm's fifty day moving average is $88.85 and its 200-day moving average is $93.98. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.11 and a beta of 1.42.

State Street (NYSE:STT - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.06. The firm had revenue of $3.28 billion for 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 firm posted $1.69 earnings per share. On average, analysts anticipate that State Street Co. will post 9.68 EPS for the current year.

State Street Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.76 per share. The ex-dividend date is Tuesday, July 1st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.16%. State Street's dividend payout ratio (DPR) is 34.12%.

State Street Company 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.