Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Position in State Street Co. (NYSE:STT)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in State Street Co. (NYSE:STT - Free Report) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,207 shares of the asset manager's stock after selling 15,730 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in State Street were worth $3,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Symmetry Partners LLC raised its position in State Street by 3.5% in the 1st quarter. Symmetry Partners LLC now owns 3,802 shares of the asset manager's stock worth $294,000 after purchasing an additional 130 shares during the period. Tompkins Financial Corp increased its position in shares of State Street by 28.3% in the first quarter. Tompkins Financial Corp now owns 680 shares of the asset manager's stock valued at $53,000 after acquiring an additional 150 shares during the period. HBK Sorce Advisory LLC increased its position in shares of State Street by 0.8% in the third quarter. HBK Sorce Advisory LLC now owns 20,131 shares of the asset manager's stock valued at $1,348,000 after acquiring an additional 151 shares during the period. CWM LLC increased its position in shares of State Street by 2.6% in the first quarter. CWM LLC now owns 6,435 shares of the asset manager's stock valued at $498,000 after acquiring an additional 165 shares during the period. Finally, Syon Capital LLC increased its position in shares of State Street by 3.7% in the fourth quarter. Syon Capital LLC now owns 4,735 shares of the asset manager's stock valued at $367,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

State Street Stock Up 0.1 %

NYSE:STT traded up $0.06 during mid-day trading on Thursday, hitting $73.17. 1,883,398 shares of the company's stock were exchanged, compared to its average volume of 2,392,962. State Street Co. has a one year low of $62.78 and a one year high of $79.90. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.61 and a quick ratio of 0.55. The business has a fifty day moving average price of $74.24 and a 200 day moving average price of $72.98. The company has a market cap of $22.09 billion, a PE ratio of 13.70, a P/E/G ratio of 1.29 and a beta of 1.52.

State Street Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Monday, April 1st were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, March 28th. State Street's payout ratio is currently 51.69%.

Insider Buying and Selling

In other news, CFO Eric W. Aboaf sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $73.90, for a total value of $886,800.00. Following the transaction, the chief financial officer now owns 149,063 shares in the company, valued at $11,015,755.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Anthony Bisegna sold 2,606 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $73.00, for a total value of $190,238.00. Following the transaction, the executive vice president now owns 17,737 shares in the company, valued at $1,294,801. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Eric W. Aboaf sold 12,000 shares of the company'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 transaction of $886,800.00. Following the completion of the transaction, the chief financial officer now owns 149,063 shares in the company, valued at approximately $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 over the last quarter. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group boosted their price objective on shares of State Street from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 12th. Morgan Stanley boosted their price objective on shares of State Street from $89.00 to $90.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. The Goldman Sachs Group raised shares of State Street from a "neutral" rating to a "buy" rating and lifted their target price for the company from $69.00 to $92.00 in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their target price on shares of State Street from $79.50 to $80.50 in a research note on Friday, April 12th. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $84.04.

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.

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