State Street Co. (NYSE:STT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in shares of State Street Co. (NYSE:STT - Free Report) by 71.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,043 shares of the asset manager's stock after selling 25,238 shares during the period. Assenagon Asset Management S.A.'s holdings in State Street were worth $777,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. CVA Family Office LLC purchased a new position in shares of State Street in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC lifted its position in shares of State Street by 92.5% during the 4th quarter. Venturi Wealth Management LLC now owns 383 shares of the asset manager's stock worth $30,000 after buying an additional 184 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of State Street in the 4th quarter valued at $35,000. Norwood Financial Corp acquired a new stake in State Street during the 1st quarter worth $35,000. Finally, Accent Capital Management LLC acquired a new position in State Street in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

State Street Price Performance

Shares of STT traded down $0.07 during mid-day trading on Tuesday, hitting $77.08. The company's stock had a trading volume of 1,575,703 shares, compared to its average volume of 2,318,004. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.90. State Street Co. has a 1-year low of $62.78 and a 1-year high of $79.90. The firm has a market capitalization of $23.22 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.34 and a beta of 1.52. The firm has a 50-day simple moving average of $75.00 and a 200 day simple moving average of $74.02.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings data on Friday, April 12th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.21. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.06 billion. State Street had a return on equity of 12.03% and a net margin of 9.62%. Analysts predict that State Street Co. will post 7.95 EPS for the current fiscal year.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Monday, July 1st will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $2.76 annualized dividend and a dividend yield of 3.58%. State Street's dividend payout ratio is presently 51.69%.

Wall Street Analyst Weigh In

STT has been the subject of several research reports. Keefe, Bruyette & Woods reduced their target price on State Street from $89.00 to $86.00 and set a "market perform" rating for the company in a report on Monday, January 22nd. Royal Bank of Canada lifted their target price on shares of State Street from $75.00 to $85.00 and gave the company a "sector perform" rating in a report on Monday, January 22nd. Morgan Stanley increased their price target on shares of State Street from $89.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. Evercore ISI lifted their price objective on shares of State Street from $85.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, April 4th. Finally, UBS Group increased their target price on shares of State Street from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $84.04.

Insider Transactions at State Street

In other news, EVP Anthony Bisegna sold 4,258 shares of State Street stock in a transaction on Friday, March 1st. The stock was sold at an average price of $73.64, for a total value of $313,559.12. Following the completion of the sale, the executive vice president now owns 23,328 shares of the company's stock, valued at $1,717,873.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Anthony Bisegna sold 4,258 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $73.64, for a total transaction of $313,559.12. Following the completion of the sale, the executive vice president now directly owns 23,328 shares in the company, valued at approximately $1,717,873.92. The transaction 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 State Street stock in a transaction 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 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 own 0.31% of the company's stock.

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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