13,246 Shares in State Street Co. (NYSE:STT) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new stake in State Street Co. (NYSE:STT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,246 shares of the asset manager's stock, valued at approximately $1,302,000.

Several other institutional investors also recently modified their holdings of the stock. Adero Partners LLC increased its holdings in shares of State Street by 3.6% in the fourth quarter. Adero Partners LLC now owns 2,900 shares of the asset manager's stock valued at $285,000 after buying an additional 100 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in shares of State Street by 1.0% in the fourth quarter. Jacobi Capital Management LLC now owns 12,232 shares of the asset manager's stock valued at $1,201,000 after buying an additional 121 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of State Street by 0.7% in the fourth quarter. Moors & Cabot Inc. now owns 18,332 shares of the asset manager's stock valued at $1,799,000 after buying an additional 131 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of State Street by 1.4% in the fourth quarter. Apollon Wealth Management LLC now owns 10,050 shares of the asset manager's stock valued at $986,000 after buying an additional 138 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of State Street by 1.3% in the fourth quarter. Huntington National Bank now owns 11,671 shares of the asset manager's stock valued at $1,146,000 after buying an additional 150 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

Insider Buying and Selling

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was 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 of the company's stock, valued at approximately $667,154.88. The trade was a 15.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by insiders.

State Street Stock Down 0.6%

Shares of State Street stock traded down $0.55 on Tuesday, hitting $97.73. 1,262,646 shares of the company traded hands, compared to its average volume of 2,145,358. The company has a 50-day moving average price of $87.47 and a 200 day moving average price of $93.86. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03. State Street Co. has a 12-month low of $70.20 and a 12-month high of $103.00. The company has a market cap of $27.87 billion, a PE ratio of 11.86, a PEG ratio of 1.11 and a beta of 1.42.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.06. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.30 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. During the same period in the prior year, the company posted $1.69 earnings per share. Sell-side analysts predict that State Street Co. will post 9.68 earnings per share for the current year.

State Street Announces Dividend

The company also recently disclosed 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. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Tuesday, July 1st. State Street's payout ratio is 34.12%.

Analyst Ratings Changes

STT has been the topic of several recent analyst reports. Wolfe Research raised shares of State Street from an "underperform" rating to a "peer perform" rating in a research note on Monday, January 27th. Evercore ISI cut 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 note on Tuesday, April 1st. StockNews.com downgraded shares of State Street from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Wells Fargo & Company cut their target price on shares of State Street from $118.00 to $113.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $103.00 target price (down from $104.00) on shares of State Street in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, State Street currently has a consensus rating of "Hold" and a consensus target price of $102.15.

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.