State Street Co. (NYSE:STT) Shares Purchased by Trust Co. of Vermont

Trust Co. of Vermont raised its position in State Street Co. (NYSE:STT) by 190.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,889 shares of the asset manager’s stock after acquiring an additional 1,239 shares during the quarter. Trust Co. of Vermont’s holdings in State Street were worth $185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastline Trust Co acquired a new stake in State Street during the 3rd quarter worth approximately $44,000. Friedenthal Financial purchased a new position in State Street in the fourth quarter valued at $49,000. Capital Performance Advisors LLP acquired a new position in shares of State Street during the third quarter worth about $54,000. Versant Capital Management Inc increased its position in shares of State Street by 37.0% in the 4th quarter. Versant Capital Management Inc now owns 730 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 197 shares during the last quarter. Finally, Tobam acquired a new stake in State Street in the third quarter valued at $77,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

State Street Trading Down 3.0 %

Shares of NYSE:STT opened at $97.51 on Monday. The company has a 50 day moving average of $97.72 and a 200-day moving average of $89.63. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.91. The firm has a market cap of $28.58 billion, a P/E ratio of 15.40, a P/E/G ratio of 0.97 and a beta of 1.43. State Street Co. has a twelve month low of $70.20 and a twelve month high of $101.91.

State Street (NYSE:STT) last announced its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.31. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3,267,560 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.04 earnings per share. As a group, analysts anticipate that State Street Co. will post 8.45 earnings per share for the current fiscal year.

State Street Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were given a $0.76 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.04 annualized dividend and a yield of 3.12%. State Street’s dividend payout ratio (DPR) is 48.03%.

Insider Buying and Selling

In related news, EVP Kathryn M. Horgan sold 12,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $97.97, for a total value of $1,224,625.00. Following the completion of the transaction, the executive vice president now owns 111,042 shares in the company, valued at $10,878,784.74. This trade represents a 10.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of State Street from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley reduced their price objective on shares of State Street from $139.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. upgraded shares of State Street from an “underweight” rating to a “neutral” rating and set a $95.00 target price on the stock in a research report on Friday, December 20th. Truist Financial initiated coverage on State Street in a research note on Tuesday, January 7th. They set a “hold” rating and a $106.00 price target for the company. Finally, Evercore ISI raised their price target on State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $100.33.

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.