ST Germain D J Co. Inc. Has $282,000 Position in State Street Co. (NYSE:STT)

ST Germain D J Co. Inc. lifted its holdings in State Street Co. (NYSE:STT) by 6.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,869 shares of the asset manager’s stock after purchasing an additional 180 shares during the quarter. ST Germain D J Co. Inc.’s holdings in State Street were worth $282,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of State Street during the second quarter worth about $27,000. Coastline Trust Co acquired a new position in State Street during the 3rd quarter worth approximately $44,000. Capital Performance Advisors LLP bought a new position in shares of State Street during the 3rd quarter worth approximately $54,000. Versant Capital Management Inc raised its holdings in shares of State Street by 37.0% in the fourth 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 bought a new stake in shares of State Street in the third quarter worth $77,000. 87.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STT. Wells Fargo & Company lifted their price target on shares of State Street from $108.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded State Street from an “underweight” rating to a “neutral” rating and set a $95.00 target price on the stock in a report on Friday, December 20th. Morgan Stanley decreased their price target on State Street from $139.00 to $132.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. StockNews.com cut State Street from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Truist Financial assumed coverage on shares of State Street in a research note on Tuesday, January 7th. They issued a “hold” rating and a $106.00 target price for the company. Two 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $100.33.

Insider Buying and Selling

In other news, EVP Kathryn M. Horgan sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the transaction, the executive vice president now directly owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. This trade represents a 10.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Plansky sold 13,859 shares of State Street stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $91.32, for a total transaction of $1,265,603.88. Following the completion of the sale, the executive vice president now owns 55,108 shares of the company’s stock, valued at approximately $5,032,462.56. The trade was a 20.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,460 shares of company stock valued at $2,499,860. 0.31% of the stock is owned by company insiders.

State Street Trading Down 3.8 %

Shares of STT stock opened at $94.04 on Friday. State Street Co. has a 12-month low of $70.20 and a 12-month high of $101.91. The firm has a 50 day moving average price of $97.41 and a two-hundred day moving average price of $88.79. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $27.57 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43.

State Street (NYSE:STT) last released its quarterly earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.14. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 EPS. As a group, analysts predict that State Street Co. will post 8.42 earnings per share for the current year.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, January 2nd will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $3.04 annualized dividend and a dividend yield of 3.23%. State Street’s dividend payout ratio (DPR) is presently 48.03%.

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.