Wellington Management Group LLP Has $54.10 Million Stock Position in State Street Co. (NYSE:STT)

Wellington Management Group LLP raised its stake in State Street Co. (NYSE:STT - Free Report) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 551,210 shares of the asset manager's stock after buying an additional 32,513 shares during the period. Wellington Management Group LLP owned approximately 0.19% of State Street worth $54,101,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Y.D. More Investments Ltd grew its holdings in shares of State Street by 116.6% during the fourth quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager's stock valued at $36,000 after buying an additional 197 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of State Street during the fourth quarter valued at $42,000. Coppell Advisory Solutions LLC grew its holdings in shares of 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 buying an additional 412 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of State Street by 187.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager's stock valued at $47,000 after buying an additional 311 shares in the last quarter. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of State Street during the fourth quarter valued at $49,000. Institutional investors own 87.44% of the company's stock.

State Street Stock Down 0.0%

Shares of STT traded down $0.04 during trading hours on Monday, hitting $96.24. 524,888 shares of the company were exchanged, compared to its average volume of 2,128,289. The company has a market cap of $27.45 billion, a PE ratio of 11.68, a PEG ratio of 1.11 and a beta of 1.42. The firm's 50 day moving average is $88.78 and its 200-day moving average is $93.98. State Street Co. has a 52 week low of $70.20 and a 52 week high of $103.00. 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 (NYSE:STT - Get Free Report) last issued 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 company 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 period last year, the business posted $1.69 earnings per share. On average, equities research analysts forecast that State Street Co. will post 9.68 EPS for the current fiscal year.

State Street Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Tuesday, July 1st. State Street's dividend payout ratio is currently 34.12%.

Analysts Set New Price Targets

STT has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price target on shares of 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 upped their price target 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. The Goldman Sachs Group set a $98.00 price target on shares of State Street and gave the stock a "buy" rating in a research note on Thursday, April 17th. 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 note on Monday, April 21st. Finally, Evercore ISI dropped their price target 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. 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 data from MarketBeat.com, State Street presently has an average rating of "Hold" and a consensus price target of $104.23.

Insider Activity

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 7,354 shares in the company, valued at approximately $667,154.88. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is currently owned by company insiders.

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.