State Street Co. (NYSE:STT) Shares Bought by LSV Asset Management

LSV Asset Management grew its holdings in shares of State Street Co. (NYSE:STT - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,658,731 shares of the asset manager's stock after purchasing an additional 23,756 shares during the quarter. LSV Asset Management owned approximately 1.19% of State Street worth $283,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STT. Banque Cantonale Vaudoise raised its position in shares of State Street by 54.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 10,839 shares of the asset manager's stock valued at $726,000 after purchasing an additional 3,841 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of State Street in the 4th quarter worth approximately $45,687,000. Crestwood Advisors Group LLC lifted its holdings in shares of State Street by 11.0% during the third quarter. Crestwood Advisors Group LLC now owns 83,069 shares of the asset manager's stock valued at $5,562,000 after purchasing an additional 8,202 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its position in State Street by 3.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 484,411 shares of the asset manager's stock worth $37,522,000 after purchasing an additional 17,270 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in State Street by 4.9% during the 4th quarter. Federated Hermes Inc. now owns 270,342 shares of the asset manager's stock valued at $20,941,000 after acquiring an additional 12,594 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

State Street Trading Up 1.6 %

Shares of STT traded up $1.19 during mid-day trading on Friday, reaching $74.39. The company's stock had a trading volume of 1,623,097 shares, compared to its average volume of 2,916,756. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.90. State Street Co. has a 52 week low of $62.78 and a 52 week high of $79.90. The company's fifty day moving average price is $74.26 and its two-hundred day moving average price is $73.11. The stock has a market cap of $22.46 billion, a PE ratio of 13.93, a P/E/G ratio of 1.32 and a beta of 1.52.

State Street (NYSE:STT - Get Free Report) last announced its quarterly earnings results on Friday, April 12th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.21. State Street had a net margin of 9.62% and a return on equity of 12.03%. The company had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $3.06 billion. On average, analysts predict that State Street Co. will post 7.96 earnings per share for the current fiscal year.

State Street Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Monday, April 1st were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Thursday, March 28th. State Street's dividend payout ratio (DPR) is presently 51.69%.

Insider Buying and Selling at State Street

In other State Street news, CFO Eric W. Aboaf sold 12,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now owns 149,063 shares in the company, valued at $11,015,755.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Anthony Bisegna sold 4,258 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $73.64, for a total value of $313,559.12. Following the transaction, the executive vice president now directly owns 23,328 shares in the company, valued at $1,717,873.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric W. Aboaf sold 12,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $73.90, for a total value of $886,800.00. Following the sale, the chief financial officer now owns 149,063 shares of the company's stock, valued at approximately $11,015,755.70. The disclosure for this sale can be found here. Insiders sold a total of 18,864 shares of company stock worth $1,390,597 in the last three months. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

STT has been the topic of several recent research reports. Morgan Stanley raised 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. Royal Bank of Canada lifted their price objective on State Street from $75.00 to $85.00 and gave the company a "sector perform" rating in a report on Monday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of State Street from $79.50 to $80.50 in a research report on Friday, April 12th. Argus lifted their price objective on State Street from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods decreased their price target 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 analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.