XTX Topco Ltd Sells 2,950 Shares of State Street Co. (NYSE:STT)

XTX Topco Ltd reduced its position in State Street Co. (NYSE:STT - Free Report) by 52.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,645 shares of the asset manager's stock after selling 2,950 shares during the quarter. XTX Topco Ltd's holdings in State Street were worth $260,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of STT. Albion Financial Group UT acquired a new position in State Street during the fourth quarter worth $25,000. Y.D. More Investments Ltd raised its holdings in 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 buying an additional 197 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of State Street in the 4th quarter valued at approximately $42,000. Loomis Sayles & Co. L P lifted its stake in State Street by 187.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager's stock worth $47,000 after purchasing an additional 311 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in State Street during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on STT shares. Wells Fargo & Company reduced their price objective on State Street from $118.00 to $113.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. StockNews.com cut shares of State Street from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley reduced their target price on shares of State Street from $139.00 to $132.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Barclays lowered their target price on State Street from $127.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Wolfe Research upgraded State Street from an "underperform" rating to a "peer perform" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $102.15.

State Street Stock Performance

Shares of STT traded down $1.04 during trading hours on Wednesday, reaching $87.49. 663,713 shares of the company's stock traded hands, compared to its average volume of 2,146,377. The business's fifty day simple moving average is $87.35 and its two-hundred day simple moving average is $93.65. The firm has a market capitalization of $25.25 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.11 and a beta of 1.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56. State Street Co. has a twelve month low of $70.20 and a twelve month high of $103.00.

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

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were given a $0.76 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.04 annualized dividend and a yield of 3.47%. State Street's dividend payout ratio (DPR) is 34.12%.

Insider Buying and Selling at State Street

In other State Street news, EVP Ann Fogarty sold 3,705 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total transaction of $368,536.35. Following the sale, the executive vice president now directly owns 50,816 shares of the company's stock, valued at $5,054,667.52. The trade was a 6.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory L. Summe sold 10,815 shares of State Street stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total value of $1,081,500.00. Following the transaction, the director now owns 100,023 shares in the company, valued at $10,002,300. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is 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.