State Street Co. (NYSE:STT) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lowered its stake in State Street Co. (NYSE:STT - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,767,084 shares of the asset manager's stock after selling 125,629 shares during the period. State Street makes up approximately 2.6% of Cooke & Bieler LP's holdings, making the stock its 4th biggest position. Cooke & Bieler LP owned about 1.22% of State Street worth $291,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Greenleaf Trust lifted its position in shares of State Street by 3.1% in the fourth quarter. Greenleaf Trust now owns 15,079 shares of the asset manager's stock worth $1,168,000 after buying an additional 454 shares during the last quarter. John G Ullman & Associates Inc. lifted its position in shares of State Street by 12.2% during the 4th quarter. John G Ullman & Associates Inc. now owns 46,810 shares of the asset manager's stock worth $3,626,000 after purchasing an additional 5,100 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new position in shares of State Street during the 4th quarter worth about $531,000. Davidson Trust Co. acquired a new position in shares of State Street during the 4th quarter worth about $204,000. Finally, Federated Hermes Inc. lifted its position in shares of State Street by 4.9% during the 4th quarter. Federated Hermes Inc. now owns 270,342 shares of the asset manager's stock worth $20,941,000 after purchasing an additional 12,594 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Ratings Changes

STT has been the subject of several research analyst reports. Barclays boosted their price objective on State Street from $87.00 to $102.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 2nd. The Goldman Sachs Group raised State Street from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $69.00 to $92.00 in a research report on Wednesday, January 3rd. Royal Bank of Canada boosted their price objective on State Street from $75.00 to $85.00 and gave the stock a "sector perform" rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. boosted their price objective on State Street from $79.50 to $80.50 in a research report on Friday, April 12th. Finally, Keefe, Bruyette & Woods lowered their price target on State Street from $89.00 to $86.00 and set a "market perform" rating on the stock in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $84.04.

State Street Price Performance

Shares of STT stock traded up $0.33 during trading hours on Friday, hitting $73.37. The company had a trading volume of 3,005,467 shares, compared to its average volume of 2,290,095. State Street Co. has a 12 month low of $62.78 and a 12 month high of $79.90. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.30 and a beta of 1.52. The firm's fifty day moving average is $74.00 and its 200 day moving average is $72.53. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.55 and a current ratio of 0.61.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings data on Friday, January 19th. The asset manager reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.21. State Street had a return on equity of 12.03% and a net margin of 9.62%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the company posted $2.07 EPS. The company's revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts predict that State Street Co. will post 7.93 EPS for the current fiscal year.

State Street Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders 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 3.76%. State Street's dividend payout ratio is currently 51.69%.

Insider Transactions 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric W. Aboaf sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $73.90, for a total value of $886,800.00. Following the completion of the transaction, the chief financial officer now directly owns 149,063 shares in the company, valued at $11,015,755.70. The disclosure for this sale can be found here. Insiders have sold 18,864 shares of company stock valued at $1,390,597 in the last three months. 0.31% of the stock is owned by corporate insiders.

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.