State Street Co. (NYSE:STT) Shares Purchased by Aviva PLC

Aviva PLC lifted its position in State Street Co. (NYSE:STT – Get Rating) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,960 shares of the asset manager’s stock after acquiring an additional 92,356 shares during the period. Aviva PLC’s holdings in State Street were worth $22,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kentucky Retirement Systems boosted its stake in State Street by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 28,903 shares of the asset manager’s stock worth $2,242,000 after buying an additional 127 shares during the last quarter. CVA Family Office LLC boosted its stake in State Street by 16.5% during the third quarter. CVA Family Office LLC now owns 920 shares of the asset manager’s stock worth $56,000 after buying an additional 130 shares during the last quarter. Citizens Financial Group Inc RI boosted its stake in State Street by 1.7% during the fourth quarter. Citizens Financial Group Inc RI now owns 8,447 shares of the asset manager’s stock worth $661,000 after buying an additional 141 shares during the last quarter. Rossmore Private Capital boosted its stake in State Street by 3.1% during the third quarter. Rossmore Private Capital now owns 4,925 shares of the asset manager’s stock worth $299,000 after buying an additional 150 shares during the last quarter. Finally, United Capital Financial Advisers LLC boosted its stake in State Street by 3.7% during the first quarter. United Capital Financial Advisers LLC now owns 4,717 shares of the asset manager’s stock worth $411,000 after buying an additional 170 shares during the last quarter. 88.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at State Street

In related news, EVP Michael L. Richards sold 1,814 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $68.17, for a total value of $123,660.38. Following the completion of the sale, the executive vice president now directly owns 33,197 shares of the company’s stock, valued at approximately $2,263,039.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Eric W. Aboaf sold 11,899 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $68.28, for a total value of $812,463.72. Following the completion of the sale, the chief financial officer now directly owns 157,860 shares of the company’s stock, valued at approximately $10,778,680.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael L. Richards sold 1,814 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $68.17, for a total value of $123,660.38. Following the completion of the sale, the executive vice president now directly owns 33,197 shares of the company’s stock, valued at $2,263,039.49. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

State Street Trading Up 1.1 %

NYSE:STT opened at $67.75 on Friday. The stock has a 50-day simple moving average of $72.23 and a 200-day simple moving average of $79.02. The stock has a market cap of $22.65 billion, a P/E ratio of 9.49, a P/E/G ratio of 1.29 and a beta of 1.56. State Street Co. has a 1 year low of $58.62 and a 1 year high of $94.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 0.52.

State Street (NYSE:STT – Get Rating) last released its quarterly earnings data on Monday, April 17th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.12). The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.13 billion. State Street had a return on equity of 11.96% and a net margin of 18.73%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 earnings per share. As a group, analysts anticipate that State Street Co. will post 7.62 earnings per share for the current fiscal year.

State Street Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $2.52 annualized dividend and a dividend yield of 3.72%. State Street’s dividend payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on STT shares. UBS Group lowered their price objective on State Street from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 4th. Barclays cut their price objective on State Street from $102.00 to $100.00 in a report on Tuesday, April 18th. Evercore ISI cut their price objective on State Street from $80.00 to $75.00 in a report on Friday, May 12th. Morgan Stanley cut their price objective on State Street from $91.00 to $83.00 in a report on Tuesday, April 18th. Finally, Wells Fargo & Company cut their price objective on State Street from $97.00 to $90.00 in a report on Tuesday, April 18th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, State Street presently has a consensus rating of “Hold” and a consensus target price of $82.21.

State Street Company Profile

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State Street Corp. engages in the provision of financial services to institutional investors. It operates through the Commercial and Financial, and Commercial Real Estate segments. The company was founded in 1792 and is headquartered in Boston, MA.