State Street Co. (NYSE:STT) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC trimmed its stake in State Street Co. (NYSE:STT - Free Report) by 48.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 160,451 shares of the asset manager's stock after selling 150,183 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.05% of State Street worth $15,748,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STT. Albion Financial Group UT acquired a new position in shares of State Street in the 4th quarter worth $25,000. Y.D. More Investments Ltd grew its holdings in shares of State Street by 116.6% during the fourth quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager's stock valued at $36,000 after buying an additional 197 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of State Street during the fourth quarter valued at $42,000. Coppell Advisory Solutions LLC grew its holdings in shares of State Street by 2,942.9% during the fourth quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager's stock valued at $42,000 after buying an additional 412 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in shares of State Street by 187.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager's stock valued at $47,000 after buying an additional 311 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at State Street

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $90.72, for a total value of $117,936.00. Following the transaction, the chief accounting officer now directly 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 available through this link. 0.29% of the stock is currently owned by company insiders.

State Street Stock Down 2.2%

Shares of STT stock opened at $95.56 on Thursday. The stock's 50 day simple moving average is $87.91 and its 200 day simple moving average is $93.90. State Street Co. has a twelve month low of $70.20 and a twelve month high of $103.00. 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 market capitalization of $27.25 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.11 and a beta of 1.42.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The asset manager reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.06. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.30 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. During the same quarter last year, the firm posted $1.69 earnings per share. As a group, research analysts predict that State Street Co. will post 9.68 EPS for the current year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be paid a $0.76 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $3.04 dividend on an annualized basis and a yield of 3.18%. State Street's payout ratio is presently 34.12%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on State Street from $118.00 to $113.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Truist Financial lowered their price target on State Street from $89.00 to $85.00 and set a "hold" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group set a $98.00 price target on State Street and gave the company a "buy" rating in a report on Thursday, April 17th. Citigroup reduced their price objective on State Street from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Finally, Morgan Stanley reduced their price objective on State Street from $139.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, State Street currently has an average rating of "Hold" and an average target price of $102.15.

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.

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