UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $261.48 Million Stock Holdings in State Street Co. (NYSE:STT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in State Street Co. (NYSE:STT - Free Report) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,664,062 shares of the asset manager's stock after buying an additional 242,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.91% of State Street worth $261,478,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of STT. Invesco Ltd. boosted its holdings in State Street by 5.7% in the fourth quarter. Invesco Ltd. now owns 7,510,570 shares of the asset manager's stock valued at $737,162,000 after acquiring an additional 406,396 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of State Street by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 7,193,687 shares of the asset manager's stock valued at $704,238,000 after purchasing an additional 24,617 shares during the last quarter. FMR LLC boosted its stake in shares of 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 purchasing an additional 870,849 shares during the last quarter. Amundi boosted its stake in shares of State Street by 11.1% in the 4th quarter. Amundi now owns 5,602,547 shares of the asset manager's stock valued at $547,636,000 after purchasing an additional 561,773 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of State Street by 15.7% in the 4th quarter. Northern Trust Corp now owns 4,148,410 shares of the asset manager's stock valued at $407,166,000 after purchasing an additional 563,790 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

State Street Stock Down 0.2%

Shares of STT traded down $0.18 on Friday, hitting $96.18. The company's stock had a trading volume of 1,116,330 shares, compared to its average volume of 2,135,513. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03. The firm's fifty day moving average price is $88.24 and its 200-day moving average price is $93.95. State Street Co. has a fifty-two week low of $70.20 and a fifty-two week high of $103.00. The firm has a market capitalization of $27.43 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.11 and a beta of 1.42.

State Street (NYSE:STT - Get Free Report) last issued 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. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.30 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. During the same period in the previous year, the firm earned $1.69 EPS. On average, equities research analysts expect that State Street Co. will post 9.68 EPS for the current year.

State Street Dividend Announcement

The business also recently declared 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 dividend payout ratio (DPR) is presently 34.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STT. Wolfe Research raised shares of State Street from an "underperform" rating to a "peer perform" rating in a research note on Monday, January 27th. Bank of America raised their price target on State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. Wall Street Zen lowered State Street from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley reduced their target price on State Street from $139.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Citigroup reduced their target price on State Street from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $102.15.

Insider Buying and Selling

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the company'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 completion of the transaction, the chief accounting officer now directly owns 7,354 shares of the company's stock, valued at approximately $667,154.88. This represents a 15.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.