State Street Co. (NYSE:STT) Stock Position Reduced by Metis Global Partners LLC

Metis Global Partners LLC lowered its stake in shares of State Street Co. (NYSE:STT) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,633 shares of the asset manager’s stock after selling 1,865 shares during the period. Metis Global Partners LLC’s holdings in State Street were worth $1,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STT. CVA Family Office LLC bought a new position in State Street during the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC lifted its position in State Street by 92.5% in the fourth quarter. Venturi Wealth Management LLC now owns 383 shares of the asset manager’s stock worth $30,000 after purchasing an additional 184 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in State Street during the fourth quarter worth $35,000. Bruce G. Allen Investments LLC acquired a new position in shares of State Street in the 4th quarter valued at $51,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in State Street in the third quarter worth about $72,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

State Street Trading Up 1.2 %

NYSE STT opened at $76.26 on Friday. 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 12 month low of $62.78 and a 12 month high of $79.90. The company has a market capitalization of $22.97 billion, a PE ratio of 14.28, a P/E/G ratio of 1.32 and a beta of 1.52. The stock has a 50-day simple moving average of $74.38 and a 200 day simple moving average of $73.26.

State Street (NYSE:STT) last announced its quarterly earnings results on Friday, April 12th. The asset manager reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.21. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.06 billion. State Street had a net margin of 9.62% and a return on equity of 12.03%. Research analysts forecast that State Street Co. will post 7.96 EPS for the current year.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Monday, April 1st were given a dividend of $0.69 per share. The ex-dividend date was Thursday, March 28th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.62%. State Street’s dividend payout ratio is 51.69%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Evercore ISI boosted their price target on State Street from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Royal Bank of Canada lifted their price target 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. Keefe, Bruyette & Woods reduced their price objective on State Street from $89.00 to $86.00 and set a “market perform” rating on the stock in a research note on Monday, January 22nd. UBS Group increased their price target on shares of State Street from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Argus upped their price objective on State Street from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $84.04.

Insider Activity

In other State Street news, EVP Anthony Bisegna sold 2,606 shares of State Street stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $73.00, for a total transaction of $190,238.00. Following the transaction, the executive vice president now directly owns 17,737 shares in the company, valued at $1,294,801. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Anthony Bisegna sold 2,606 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $73.00, for a total value of $190,238.00. Following the completion of the transaction, the executive vice president now owns 17,737 shares in the company, valued at $1,294,801. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric W. Aboaf sold 12,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $73.90, for a total transaction of $886,800.00. Following the sale, the chief financial officer now directly owns 149,063 shares of the company’s stock, valued at approximately $11,015,755.70. The disclosure for this sale can be found here. Insiders sold 18,864 shares of company stock valued at $1,390,597 in the last quarter. Company insiders own 0.31% of the company’s stock.

State Street Company 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.