Fifth Third Bancorp decreased its stake in shares of State Street Co. (NYSE:STT – Get Rating) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,740 shares of the asset manager’s stock after selling 4,940 shares during the quarter. Fifth Third Bancorp’s holdings in State Street were worth $4,013,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of STT. CVA Family Office LLC boosted its position in shares of State Street by 16.5% during the 3rd quarter. CVA Family Office LLC now owns 920 shares of the asset manager’s stock worth $56,000 after acquiring an additional 130 shares in the last quarter. Rossmore Private Capital boosted its position in shares of State Street by 3.1% during the 3rd quarter. Rossmore Private Capital now owns 4,925 shares of the asset manager’s stock worth $299,000 after acquiring an additional 150 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of State Street by 2.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,316 shares of the asset manager’s stock worth $384,000 after acquiring an additional 158 shares in the last quarter. FORVIS Wealth Advisors LLC boosted its position in shares of State Street by 4.2% during the 3rd quarter. FORVIS Wealth Advisors LLC now owns 3,922 shares of the asset manager’s stock worth $239,000 after acquiring an additional 159 shares in the last quarter. Finally, Krilogy Financial LLC boosted its position in shares of State Street by 1.4% during the 3rd quarter. Krilogy Financial LLC now owns 11,454 shares of the asset manager’s stock worth $697,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 88.41% of the company’s stock.
Insider Transactions at State Street
In other news, EVP David C. Phelan sold 15,000 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $86.63, for a total transaction of $1,299,450.00. Following the completion of the transaction, the executive vice president now directly owns 72,491 shares of the company’s stock, valued at approximately $6,279,895.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP David C. Phelan sold 15,000 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $86.63, for a total transaction of $1,299,450.00. Following the completion of the transaction, the executive vice president now directly owns 72,491 shares of the company’s stock, valued at approximately $6,279,895.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John Plansky sold 11,168 shares of the stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $92.22, for a total value of $1,029,912.96. Following the transaction, the executive vice president now directly owns 42,455 shares of the company’s stock, valued at $3,915,200.10. The disclosure for this sale can be found here. In the last three months, insiders sold 32,893 shares of company stock valued at $2,923,987. Corporate insiders own 0.25% of the company’s stock.
Wall Street Analyst Weigh In
State Street Stock Up 0.8 %
State Street stock opened at $76.16 on Friday. State Street Co. has a twelve month low of $58.62 and a twelve month high of $94.74. The stock has a 50 day moving average of $84.14 and a two-hundred day moving average of $77.89. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $26.24 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.99 and a beta of 1.56.
State Street (NYSE:STT – Get Rating) last posted its quarterly earnings data on Friday, January 20th. The asset manager reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. State Street had a return on equity of 12.03% and a net margin of 20.92%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.06 billion. As a group, research analysts expect that State Street Co. will post 8.43 earnings per share for the current year.
State Street Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Monday, April 3rd will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, March 31st. This represents a $2.52 dividend on an annualized basis and a yield of 3.31%. State Street’s payout ratio is 35.05%.
State Street Profile
State Street Corp. engages in the provision of financial services to institutional investors. It operates through the Commercial and Financial, and Commercial Real Estate segments. The company was founded in 1792 and is headquartered in Boston, MA.
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