Signaturefd LLC Increases Stock Position in State Street Co. (NYSE:STT)

Signaturefd LLC raised its position in shares of State Street Co. (NYSE:STT) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,919 shares of the asset manager’s stock after buying an additional 636 shares during the period. Signaturefd LLC’s holdings in State Street were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STT. CVA Family Office LLC purchased a new stake in shares of State Street in the 4th quarter worth about $27,000. Venturi Wealth Management LLC lifted its position in shares of State Street by 92.5% in the 4th quarter. Venturi Wealth Management LLC now owns 383 shares of the asset manager’s stock worth $30,000 after purchasing an additional 184 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of State Street in the 4th quarter worth about $35,000. Bruce G. Allen Investments LLC purchased a new stake in shares of State Street in the 4th quarter worth about $51,000. Finally, Life Planning Partners Inc purchased a new stake in shares of State Street in the 4th quarter worth about $79,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

State Street Stock Down 0.1 %

NYSE:STT opened at $74.29 on Thursday. The firm has a market cap of $22.43 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.32 and a beta of 1.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.55 and a current ratio of 0.61. State Street Co. has a fifty-two week low of $62.78 and a fifty-two week high of $79.90. The firm has a 50-day simple moving average of $74.14 and a two-hundred day simple moving average of $72.68.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Monday, April 1st were paid a $0.69 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.72%. State Street’s dividend payout ratio is presently 51.69%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on STT. Morgan Stanley raised their target price on shares of State Street from $89.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Bank of America reiterated an “underperform” rating and issued a $81.00 price target on shares of State Street in a research note on Thursday, January 4th. Keefe, Bruyette & Woods decreased their price target on shares of State Street from $89.00 to $86.00 and set a “market perform” rating for the company in a research note on Monday, January 22nd. Argus increased their price target on shares of State Street from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of State Street from $79.50 to $80.50 in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $84.04.

Insider Transactions at State Street

In other news, EVP Anthony Bisegna sold 2,606 shares of State Street stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $73.00, for a total value of $190,238.00. Following the completion of the sale, the executive vice president now directly owns 17,737 shares in the company, valued at $1,294,801. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Anthony Bisegna sold 2,606 shares of State Street stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $73.00, for a total value of $190,238.00. Following the completion of the sale, the executive vice president now directly owns 17,737 shares in the company, valued at $1,294,801. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric W. Aboaf sold 12,000 shares of State Street stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $73.90, for a total transaction of $886,800.00. Following the completion of the sale, the chief financial officer now owns 149,063 shares of the company’s stock, valued at $11,015,755.70. The disclosure for this sale can be found here. Insiders sold 18,864 shares of company stock worth $1,390,597 over the last three months. 0.31% of the stock is currently owned by company insiders.

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.