Thompson Investment Management Inc. Sells 6,072 Shares of State Street Co. (NYSE:STT)

Thompson Investment Management Inc. decreased its position in State Street Co. (NYSE:STT - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 69,526 shares of the asset manager's stock after selling 6,072 shares during the period. Thompson Investment Management Inc.'s holdings in State Street were worth $6,225,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in State Street during the fourth quarter worth $42,000. Coppell Advisory Solutions LLC lifted its position in State Street by 2,942.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager's stock worth $42,000 after buying an additional 412 shares in the last quarter. MV Capital Management Inc. boosted its stake in shares of State Street by 98.4% during the 1st quarter. MV Capital Management Inc. now owns 506 shares of the asset manager's stock worth $45,000 after buying an additional 251 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of State Street by 187.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager's stock valued at $47,000 after acquiring an additional 311 shares in the last quarter. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of State Street in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STT. Citigroup reduced their price target 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. Wall Street Zen cut shares of State Street from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays dropped 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 lifted their price objective on shares of State Street from $98.00 to $99.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. Finally, Cfra Research cut shares of State Street from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 29th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $102.54.

Insiders Place Their Bets

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the 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 now owns 7,354 shares of the company's stock, valued at $667,154.88. This represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company's stock.

State Street Stock Performance

Shares of NYSE STT traded up $0.23 during trading hours on Thursday, reaching $97.53. 1,476,748 shares of the stock were exchanged, compared to its average volume of 2,105,948. The firm has a market capitalization of $27.81 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.11 and a beta of 1.44. The stock's fifty day simple moving average is $90.79 and its 200 day simple moving average is $94.08. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56. State Street Co. has a 52 week low of $70.20 and a 52 week high of $103.00.

State Street (NYSE:STT - Get Free Report) last posted 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 return on equity of 12.60% and a net margin of 12.14%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter last year, the firm earned $1.69 earnings per share. Sell-side analysts predict that State Street Co. 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. Shareholders of record on Tuesday, July 1st will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Tuesday, July 1st. State Street's dividend payout ratio is currently 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.