State Street Co. (NYSE:STT) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth grew its holdings in State Street Co. (NYSE:STT - Free Report) by 384.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,784 shares of the asset manager's stock after buying an additional 37,117 shares during the quarter. Focus Partners Wealth's holdings in State Street were worth $4,592,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Albion Financial Group UT purchased a new stake in State Street in the 4th quarter worth $25,000. Y.D. More Investments Ltd increased its stake 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 worth $36,000 after purchasing an additional 197 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of State Street during the 4th quarter worth about $42,000. Coppell Advisory Solutions LLC lifted its stake in State Street by 2,942.9% in the 4th 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. Finally, Loomis Sayles & Co. L P lifted its stake in 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 buying an additional 311 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at State Street

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $90.72, for a total transaction of $117,936.00. Following the sale, the chief accounting officer now directly owns 7,354 shares of the company's stock, valued at $667,154.88. This represents a 15.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company's stock.

State Street Trading Down 0.4%

Shares of State Street stock traded down $0.38 on Tuesday, reaching $97.90. The company had a trading volume of 156,986 shares, compared to its average volume of 2,143,962. The firm's 50 day moving average price is $87.47 and its two-hundred day moving average price is $93.86. 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. The firm has a market cap of $27.92 billion, a PE ratio of 11.88, a PEG ratio of 1.11 and a beta of 1.42.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The asset manager reported $2.04 EPS 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 for the quarter, compared to analysts' expectations of $3.30 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. Sell-side analysts predict that State Street Co. will post 9.68 earnings per share for the current fiscal year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.11%. The ex-dividend date is Tuesday, July 1st. State Street's dividend payout ratio is currently 34.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wolfe Research raised State Street from an "underperform" rating to a "peer perform" rating in a report on Monday, January 27th. Evercore ISI dropped their price target on State Street from $109.00 to $106.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Barclays decreased their price objective on State Street from $127.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Citigroup decreased their price target on shares of State Street from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Finally, Bank of America boosted 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $102.15.

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.