35,751 Shares in State Street Co. (NYSE:STT) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new position in State Street Co. (NYSE:STT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 35,751 shares of the asset manager's stock, valued at approximately $2,769,000. State Street makes up 1.0% of Lecap Asset Management Ltd.'s portfolio, making the stock its 6th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of State Street in the 4th quarter valued at $184,482,000. Morgan Stanley boosted its position in State Street by 31.1% during the fourth quarter. Morgan Stanley now owns 6,031,661 shares of the asset manager's stock valued at $467,876,000 after buying an additional 1,430,237 shares during the period. Eaton Vance Management grew its stake in shares of State Street by 159.8% during the first quarter. Eaton Vance Management now owns 1,750,857 shares of the asset manager's stock valued at $152,535,000 after buying an additional 1,077,013 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of State Street by 327.0% during the third quarter. AustralianSuper Pty Ltd now owns 1,325,417 shares of the asset manager's stock valued at $88,750,000 after buying an additional 1,015,022 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of State Street in the fourth quarter worth about $45,687,000. Institutional investors own 87.44% of the company's stock.

Insider Activity at State Street

In other news, EVP Anthony Bisegna sold 2,606 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $73.00, for a total value of $190,238.00. Following the sale, the executive vice president now directly owns 17,737 shares of the company's stock, valued at approximately $1,294,801. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other State Street news, CFO Eric W. Aboaf sold 12,000 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $73.90, for a total transaction of $886,800.00. Following the completion of the sale, the chief financial officer now directly owns 149,063 shares in the company, valued at approximately $11,015,755.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Anthony Bisegna sold 2,606 shares of State Street stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $73.00, for a total transaction of $190,238.00. Following the completion of the transaction, the executive vice president now directly owns 17,737 shares of the company's stock, valued at $1,294,801. The disclosure for this sale can be found here. Insiders sold a total of 18,864 shares of company stock valued at $1,390,597 in the last three months. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on STT. Morgan Stanley raised their price target on State Street from $83.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. upped their price target on shares of State Street from $79.50 to $80.50 in a report on Friday. Bank of America reissued an "underperform" rating and issued a $81.00 price target on shares of State Street in a report on Thursday, January 4th. The Goldman Sachs Group raised shares of State Street from a "neutral" rating to a "buy" rating and upped their price objective for the company from $69.00 to $92.00 in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada increased their target price on shares of State Street from $75.00 to $85.00 and gave the stock a "sector perform" rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $83.71.

State Street Stock Up 2.5 %

Shares of STT stock traded up $1.87 during midday trading on Friday, reaching $75.78. 6,622,170 shares of the stock were exchanged, compared to its average volume of 2,124,874. State Street Co. has a 1 year low of $62.78 and a 1 year high of $81.37. The firm has a market cap of $22.88 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52. The company's 50 day moving average is $73.92 and its two-hundred day moving average is $72.23. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.86.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings results on Friday, April 12th. The asset manager reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.21. The company had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $3.06 billion. State Street had a return on equity of 11.86% and a net margin of 10.59%. On average, equities research analysts predict that State Street Co. will post 7.87 EPS for the current year.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Monday, April 1st were paid a $0.69 dividend. The ex-dividend date was Thursday, March 28th. This represents a $2.76 annualized dividend and a dividend yield of 3.64%. State Street's payout ratio is 50.27%.

State Street 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.