State Street Corporation (NYSE:STT) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its position in State Street Corporation (NYSE:STT - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 237,260 shares of the asset manager's stock after acquiring an additional 7,941 shares during the quarter. Achmea Investment Management B.V. owned about 0.08% of State Street worth $21,242,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

STT has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of State Street from $118.00 to $113.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Barclays cut their target price on State Street from $127.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods decreased their price target on State Street from $118.00 to $113.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Bank of America increased their price objective on shares of State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. Finally, Evercore ISI dropped their target price on shares of State Street from $109.00 to $106.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. One investment 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. According to MarketBeat, State Street has a consensus rating of "Hold" and a consensus target price of $102.54.

State Street Price Performance

STT stock opened at $105.57 on Friday. The business's 50-day moving average is $94.90 and its two-hundred day moving average is $94.20. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $30.11 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.22 and a beta of 1.44. State Street Corporation has a 1 year low of $71.96 and a 1 year high of $105.85.

State Street (NYSE:STT - Get Free Report) last released its earnings results on Thursday, April 17th. The asset manager reported $2.04 earnings per share for the quarter, topping 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 firm 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 firm earned $1.69 earnings per share. Analysts anticipate that State Street Corporation will post 9.68 earnings per share for the current fiscal year.

State Street Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be given 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 dividend yield of 2.88%. State Street's dividend payout ratio is presently 34.12%.

Insider Activity at State Street

In other State Street 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 transaction, the chief accounting officer now owns 7,354 shares of the company's stock, valued at approximately $667,154.88. This trade represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.

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