State Street Co. (NYSE:STT) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of State Street Co. (NYSE:STT - Free Report) by 504.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,965 shares of the asset manager's stock after purchasing an additional 85,104 shares during the quarter. SG Americas Securities LLC's holdings in State Street were worth $9,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of STT. GAMMA Investing LLC raised its holdings in shares of State Street by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 3,674 shares of the asset manager's stock valued at $329,000 after buying an additional 472 shares in the last quarter. Investment Advisory Group LLC purchased a new stake in State Street in the first quarter worth $211,000. Pallas Capital Advisors LLC lifted its position in shares of State Street by 58.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,528 shares of the asset manager's stock worth $405,000 after purchasing an additional 1,662 shares during the period. CHICAGO TRUST Co NA lifted its holdings in State Street by 7.2% in the first quarter. CHICAGO TRUST Co NA now owns 6,483 shares of the asset manager's stock worth $580,000 after buying an additional 434 shares during the period. Finally, Park Avenue Securities LLC grew its stake in State Street by 4.5% in the first quarter. Park Avenue Securities LLC now owns 6,919 shares of the asset manager's stock worth $619,000 after purchasing an additional 297 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Cfra Research downgraded shares of State Street from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 29th. Evercore ISI lowered their target price on State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Wells Fargo & Company dropped their price target on shares of State Street from $118.00 to $113.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Bank of America upped their target price on shares of State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. Finally, Citigroup reduced their target price on State Street from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $102.54.

Insiders Place Their Bets

In other State Street news, CAO Elizabeth Schaefer sold 1,300 shares of State Street 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 completion of the transaction, the chief accounting officer now owns 7,354 shares in the company, valued at approximately $667,154.88. This trade represents a 15.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by insiders.

State Street Stock Performance

Shares of NYSE STT traded up $0.23 during mid-day trading on Thursday, hitting $97.53. The stock had a trading volume of 1,476,748 shares, compared to its average volume of 2,105,948. The firm has a market cap of $27.81 billion, a PE ratio of 11.84, a PEG ratio of 1.11 and a beta of 1.44. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56. The company has a 50 day moving average of $90.37 and a two-hundred day moving average of $94.09. State Street Co. has a twelve month low of $70.20 and a twelve month high of $103.00.

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 for the quarter, beating analysts' consensus estimates of $1.98 by $0.06. State Street had a return on equity of 12.60% and a net margin of 12.14%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same period in the prior year, the company earned $1.69 earnings per share. Research analysts predict that State Street Co. will post 9.68 EPS for the current fiscal year.

State Street Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be issued a $0.76 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $3.04 annualized dividend and a yield of 3.12%. State Street's dividend payout ratio (DPR) is presently 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.