OMERS ADMINISTRATION Corp Sells 9,136 Shares of State Street Co. (NYSE:STT)

OMERS ADMINISTRATION Corp trimmed its holdings in shares of State Street Co. (NYSE:STT - Free Report) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,385 shares of the asset manager's stock after selling 9,136 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in State Street were worth $2,688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in STT. Albion Financial Group UT acquired a new position in shares of State Street in the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its stake in shares of State Street by 116.6% in the 4th quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager's stock valued at $36,000 after purchasing an additional 197 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of State Street in the 4th quarter valued at $42,000. Coppell Advisory Solutions LLC boosted its stake in shares of State Street by 2,942.9% in the 4th quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager's stock valued at $42,000 after purchasing an additional 412 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of State Street by 187.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager's stock valued at $47,000 after purchasing an additional 311 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

State Street Stock Up 0.0%

Shares of NYSE STT traded up $0.03 during trading on Friday, hitting $98.23. The stock had a trading volume of 1,682,941 shares, compared to its average volume of 2,155,981. State Street Co. has a 12 month low of $70.20 and a 12 month high of $103.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $28.01 billion, a PE ratio of 11.92, a PEG ratio of 1.11 and a beta of 1.42. The firm has a fifty day moving average of $87.22 and a two-hundred day moving average of $93.81.

State Street (NYSE:STT - Get Free Report) last posted its earnings results on Thursday, April 17th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.06. State Street had a net margin of 12.14% and a return on equity of 12.60%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the prior year, the business posted $1.69 EPS. As a group, equities research analysts forecast that State Street Co. will post 9.68 EPS for the current fiscal year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be paid a $0.76 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $3.04 annualized dividend and a dividend yield of 3.09%. State Street's payout ratio is 34.12%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on STT shares. Truist Financial reduced their price objective on shares of State Street from $89.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Evercore ISI dropped their target price on shares of State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Barclays dropped their target price on shares of State Street from $127.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $103.00 target price (down previously from $104.00) on shares of State Street in a research report on Wednesday, January 22nd. Finally, Citigroup dropped their target price on shares of State Street from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, State Street has an average rating of "Hold" and a consensus price target of $102.15.

Insider Transactions at State Street

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $90.72, for a total transaction of $117,936.00. Following the completion of the transaction, the chief accounting officer now owns 7,354 shares in the company, valued at approximately $667,154.88. This represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Fogarty sold 3,705 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total transaction of $368,536.35. Following the transaction, the executive vice president now owns 50,816 shares of the company's stock, valued at approximately $5,054,667.52. The trade was a 6.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,820 shares of company stock worth $1,567,972 in the last quarter. 0.29% of the stock is currently owned by corporate insiders.

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.