State Street Corporation (STT) Position Held by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. maintained its stake in shares of State Street Corporation (NYSE:STT) during the second quarter, Holdings Channel reports. The fund owned 4,150 shares of the asset manager’s stock at the end of the second quarter. Neville Rodie & Shaw Inc.’s holdings in State Street Corporation were worth $373,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in shares of State Street Corporation during the first quarter valued at approximately $123,000. FTB Advisors Inc. increased its stake in shares of State Street Corporation by 15.7% in the first quarter. FTB Advisors Inc. now owns 1,523 shares of the asset manager’s stock valued at $127,000 after buying an additional 207 shares during the last quarter. Pinnacle Bank purchased a new stake in shares of State Street Corporation during the first quarter valued at approximately $129,000. Salem Investment Counselors Inc. increased its stake in shares of State Street Corporation by 2,677.8% in the first quarter. Salem Investment Counselors Inc. now owns 1,000 shares of the asset manager’s stock valued at $131,000 after buying an additional 964 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of State Street Corporation during the first quarter valued at approximately $155,000. 87.97% of the stock is owned by hedge funds and other institutional investors.

State Street Corporation (NYSE:STT) opened at 92.07 on Monday. The firm has a market cap of $34.64 billion, a PE ratio of 17.23 and a beta of 1.29. The company’s 50-day moving average is $84.95 and its 200 day moving average is $80.96. State Street Corporation has a one year low of $55.88 and a one year high of $92.31.

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State Street Corporation (NYSE:STT) last posted its quarterly earnings data on Wednesday, April 26th. The asset manager reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.11. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.75 billion. State Street Corporation had a net margin of 20.54% and a return on equity of 12.38%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. Equities analysts anticipate that State Street Corporation will post $5.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Monday, July 3rd will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Thursday, June 29th. State Street Corporation’s dividend payout ratio (DPR) is currently 28.46%.

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STT has been the subject of several recent analyst reports. BidaskClub raised shares of State Street Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. UBS AG raised shares of State Street Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $92.00 in a research note on Monday, June 5th. Goldman Sachs Group, Inc. (The) upped their target price on shares of State Street Corporation from $88.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Buckingham Research reaffirmed a “buy” rating and issued a $107.00 target price (up previously from $94.00) on shares of State Street Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research raised shares of State Street Corporation from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. State Street Corporation currently has an average rating of “Hold” and an average price target of $87.75.

In related news, Chairman Joseph L. Hooley sold 5,666 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $87.88, for a total value of $497,928.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Karen C. Keenan sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $78.56, for a total value of $78,560.00. Following the completion of the sale, the executive vice president now owns 60,934 shares in the company, valued at $4,786,975.04. The disclosure for this sale can be found here. Insiders sold a total of 14,069 shares of company stock worth $1,201,189 over the last three months. 0.64% of the stock is owned by insiders.

About State Street Corporation

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.

Want to see what other hedge funds are holding STT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State Street Corporation (NYSE:STT).

Institutional Ownership by Quarter for State Street Corporation (NYSE:STT)

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