Two Sigma Investments LP Has $5.03 Million Stock Holdings in State Street Co. (NYSE:STT)

Two Sigma Investments LP grew its holdings in State Street Co. (NYSE:STT - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,195 shares of the asset manager's stock after buying an additional 13,251 shares during the quarter. Two Sigma Investments LP's holdings in State Street were worth $5,025,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Adero Partners LLC increased its position in State Street by 3.6% in the 4th quarter. Adero Partners LLC now owns 2,900 shares of the asset manager's stock valued at $285,000 after acquiring an additional 100 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in shares of State Street by 1.0% in the fourth quarter. Jacobi Capital Management LLC now owns 12,232 shares of the asset manager's stock valued at $1,201,000 after purchasing an additional 121 shares in the last quarter. Moors & Cabot Inc. raised its position in State Street by 0.7% in the 4th quarter. Moors & Cabot Inc. now owns 18,332 shares of the asset manager's stock worth $1,799,000 after purchasing an additional 131 shares during the last quarter. Apollon Wealth Management LLC raised its position in State Street by 1.4% in the 4th quarter. Apollon Wealth Management LLC now owns 10,050 shares of the asset manager's stock worth $986,000 after purchasing an additional 138 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in State Street by 1.3% during the 4th quarter. Huntington National Bank now owns 11,671 shares of the asset manager's stock worth $1,146,000 after buying an additional 150 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

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 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 completion of the sale, the chief accounting officer now owns 7,354 shares of the company's stock, valued at $667,154.88. This trade represents a 15.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STT. Evercore ISI reduced their price objective on shares of State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Truist Financial upgraded State Street from a "hold" rating to a "buy" rating and raised their price target for the stock from $85.00 to $112.00 in a research report on Wednesday. Wells Fargo & Company decreased their price objective on State Street from $118.00 to $113.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Wall Street Zen lowered State Street from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Bank of America raised their target price on State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $104.23.

State Street Stock Down 0.8%

STT traded down $0.82 during trading on Friday, hitting $96.22. The company had a trading volume of 2,683,856 shares, compared to its average volume of 2,134,549. The company has a market capitalization of $27.44 billion, a PE ratio of 11.68, a PEG ratio of 1.11 and a beta of 1.42. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03. State Street Co. has a one year low of $70.20 and a one year high of $103.00. The firm's 50-day moving average price is $88.78 and its 200 day moving average price is $93.98.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.30 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. During the same quarter last year, the business posted $1.69 EPS. As a group, equities analysts expect that State Street Co. will post 9.68 earnings per share for the current year.

State Street Announces Dividend

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 issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, July 1st. State Street's payout ratio is 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.