Kintegral Advisory LLC Has $3.55 Million Holdings in State Street Corporation (NYSE:STT)

Kintegral Advisory LLC reduced its stake in State Street Corporation (NYSE:STT - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,668 shares of the asset manager's stock after selling 19,455 shares during the period. Kintegral Advisory LLC's holdings in State Street were worth $3,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of State Street in the 4th quarter valued at about $161,021,000. Price T Rowe Associates Inc. MD raised its holdings in State Street by 236.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,309,130 shares of the asset manager's stock valued at $226,642,000 after acquiring an additional 1,622,408 shares in the last quarter. FMR LLC lifted its stake in State Street by 14.2% in the fourth quarter. FMR LLC now owns 6,983,607 shares of the asset manager's stock worth $685,441,000 after acquiring an additional 870,849 shares during the last quarter. Azora Capital LP purchased a new position in State Street in the fourth quarter worth approximately $80,294,000. Finally, Northern Trust Corp grew its holdings in State Street by 15.7% during the 4th 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 in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

State Street Price Performance

Shares of State Street stock traded up $0.82 during trading on Friday, hitting $110.31. 1,166,677 shares of the company were exchanged, compared to its average volume of 2,111,077. State Street Corporation has a fifty-two week low of $72.65 and a fifty-two week high of $110.80. 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 firm has a 50 day moving average price of $97.77 and a 200 day moving average price of $94.54. The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.28 and a beta of 1.45.

State Street (NYSE:STT - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The asset manager reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.06. State Street had a net margin of 12.85% and a return on equity of 12.79%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the company posted $1.69 EPS. On average, equities analysts expect that State Street Corporation 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 will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $3.04 annualized dividend and a yield of 2.76%. State Street's dividend payout ratio (DPR) is 34.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of State Street from $110.00 to $114.00 and gave the company an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of State Street from $118.00 to $113.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Cfra Research cut shares of State Street from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 29th. Bank of America raised their price objective on State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. Finally, Evercore ISI boosted their target price on State Street from $102.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday. 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $106.46.

Insider Activity

In other news, CAO Elizabeth Schaefer sold 1,300 shares of State Street stock in a transaction that occurred on 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 owned 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company's stock.

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.