State Street Co. (NYSE:STT) Shares Acquired by Greenleaf Trust

Greenleaf Trust grew its position in State Street Co. (NYSE:STT) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,781 shares of the asset manager’s stock after acquiring an additional 384 shares during the quarter. Greenleaf Trust’s holdings in State Street were worth $1,647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in STT. Albion Financial Group UT acquired a new stake in State Street during the 4th quarter worth $25,000. Coastline Trust Co acquired a new position in State Street during the third quarter worth about $44,000. Friedenthal Financial purchased a new stake in State Street during the 4th quarter valued at about $49,000. Capital Performance Advisors LLP purchased a new position in State Street in the 3rd quarter worth approximately $54,000. Finally, R Squared Ltd acquired a new position in shares of State Street during the 4th quarter worth approximately $58,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other State Street news, EVP Kathryn M. Horgan sold 12,500 shares of the firm’s 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 sale, the executive vice president now directly owns 111,042 shares in the company, valued at $10,878,784.74. This trade represents a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on STT. Wells Fargo & Company increased their price target on State Street from $108.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Truist Financial reduced their price target on State Street from $106.00 to $104.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Wolfe Research raised shares of State Street from an “underperform” rating to a “peer perform” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $103.00 target price (down from $104.00) on shares of State Street in a research note on Wednesday, January 22nd. Finally, Barclays increased their price target on shares of State Street from $108.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, State Street has an average rating of “Hold” and a consensus price target of $100.73.

State Street Stock Down 0.6 %

Shares of NYSE:STT opened at $101.61 on Monday. State Street Co. has a 1 year low of $70.20 and a 1 year high of $103.00. The firm’s 50-day moving average is $98.51 and its two-hundred day moving average is $91.25. The firm has a market capitalization of $29.79 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56.

State Street (NYSE:STT) last posted its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.31. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.27 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.04 earnings per share. Analysts predict that State Street Co. will post 9.6 EPS for the current year.

State Street Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Thursday, January 2nd. State Street’s dividend payout ratio is presently 36.89%.

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.