Ethic Inc. Has $4.03 Million Position in State Street Co. (NYSE:STT)

Ethic Inc. boosted its position in shares of State Street Co. (NYSE:STT) by 22.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,050 shares of the asset manager’s stock after purchasing an additional 7,419 shares during the quarter. Ethic Inc.’s holdings in State Street were worth $4,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of STT. Principal Financial Group Inc. increased its stake in State Street by 1.2% in the third quarter. Principal Financial Group Inc. now owns 346,252 shares of the asset manager’s stock valued at $30,633,000 after purchasing an additional 4,052 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in State Street by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,321 shares of the asset manager’s stock valued at $2,878,000 after purchasing an additional 535 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in State Street by 6.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 2,869 shares of the asset manager’s stock worth $282,000 after acquiring an additional 180 shares in the last quarter. Graypoint LLC bought a new position in shares of State Street in the fourth quarter valued at $203,000. Finally, Czech National Bank increased its stake in shares of State Street by 4.5% during the 4th quarter. Czech National Bank now owns 63,561 shares of the asset manager’s stock worth $6,239,000 after purchasing an additional 2,729 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on STT shares. Wolfe Research upgraded shares of State Street from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 27th. StockNews.com lowered shares of State Street from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods lowered their target price on State Street from $118.00 to $113.00 and set an “outperform” rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group set a $98.00 price target on State Street and gave the company a “buy” rating in a research note on Thursday, April 17th. Finally, Barclays dropped their price target on shares of State Street from $127.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, State Street presently has an average rating of “Hold” and an average target price of $102.15.

State Street Trading Down 0.3 %

NYSE:STT opened at $93.81 on Friday. State Street Co. has a 12 month low of $70.20 and a 12 month high of $103.00. The stock has a market capitalization of $26.75 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.11 and a beta of 1.42. The firm has a fifty day simple moving average of $86.36 and a two-hundred day simple moving average of $93.63. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03.

State Street (NYSE:STT) last announced its quarterly earnings results on Thursday, April 17th. The asset manager reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.06. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.30 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. During the same quarter in the previous year, the business posted $1.69 EPS. Analysts expect that State Street Co. will post 9.68 EPS for the current fiscal year.

State Street Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were issued a dividend of $0.76 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.04 annualized dividend and a yield of 3.24%. State Street’s dividend payout ratio (DPR) is currently 34.12%.

Insider Activity at State Street

In other State Street news, EVP Ann Fogarty sold 3,705 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total value of $368,536.35. Following the completion of the sale, the executive vice president now directly owns 50,816 shares of the company’s stock, valued at approximately $5,054,667.52. This represents a 6.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory L. Summe sold 10,815 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the completion of the sale, the director now owns 100,023 shares of the company’s stock, valued at approximately $10,002,300. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,820 shares of company stock valued at $1,567,972. 0.29% of the stock is owned by insiders.

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.