State Street Corporation (NYSE:STT) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in State Street Corporation (NYSE:STT - Free Report) by 24.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,629 shares of the asset manager's stock after selling 6,587 shares during the period. Vontobel Holding Ltd.'s holdings in State Street were worth $1,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of STT. First Pacific Financial acquired a new stake in shares of State Street during the first quarter worth $25,000. Coppell Advisory Solutions LLC lifted its holdings in 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 purchasing an additional 412 shares in the last quarter. Golden State Wealth Management LLC increased its stake in State Street by 186.7% during the 1st quarter. Golden State Wealth Management LLC now owns 476 shares of the asset manager's stock worth $43,000 after buying an additional 310 shares in the last quarter. MV Capital Management Inc. raised its holdings in shares of State Street by 98.4% during the first quarter. MV Capital Management Inc. now owns 506 shares of the asset manager's stock valued at $45,000 after acquiring an additional 251 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake 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. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on STT shares. Morgan Stanley increased their price objective on State Street from $110.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wells Fargo & Company reduced their target price on shares of State Street from $118.00 to $113.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Barclays lowered their price target on shares of State Street from $127.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Bank of America raised their target price on shares of State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Finally, Cfra Research lowered State Street from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, State Street currently has a consensus rating of "Hold" and a consensus price target of $106.46.

State Street Trading Up 0.7%

Shares of State Street stock traded up $0.82 during trading hours on Friday, hitting $110.31. The company's stock had a trading volume of 1,166,677 shares, compared to its average volume of 2,113,371. The stock has a market cap 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. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.57 and a current ratio of 0.57. State Street Corporation has a twelve month low of $72.65 and a twelve month high of $110.80. The firm has a fifty day moving average of $97.77 and a 200-day moving average of $94.54.

State Street (NYSE:STT - Get Free Report) last posted 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. State Street had a return on equity of 12.79% and a net margin of 12.85%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the previous year, the business earned $1.69 EPS. Research analysts forecast that State Street Corporation will post 9.68 EPS for the current year.

State Street Dividend Announcement

The firm 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 is Tuesday, July 1st. This represents a $3.04 annualized dividend and a dividend yield of 2.76%. State Street's dividend payout ratio is currently 34.12%.

Insider Activity

In other news, CAO Elizabeth Schaefer sold 1,300 shares of the company'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 completion of the transaction, the chief accounting officer directly owned 7,354 shares of the company's stock, valued at approximately $667,154.88. This represents a 15.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.29% of the company's stock.

About State Street

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.