Nisa Investment Advisors LLC Has $12.82 Million Holdings in State Street Co. (NYSE:STT)

Nisa Investment Advisors LLC decreased its position in shares of State Street Co. (NYSE:STT) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,579 shares of the asset manager’s stock after selling 1,070 shares during the period. Nisa Investment Advisors LLC’s holdings in State Street were worth $12,816,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of STT. Coastline Trust Co acquired a new position in shares of State Street during the 3rd quarter worth about $44,000. Friedenthal Financial acquired a new position in shares of State Street during the fourth quarter worth approximately $49,000. Capital Performance Advisors LLP acquired a new position in shares of State Street during the third quarter worth approximately $54,000. Versant Capital Management Inc boosted its position 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 acquiring an additional 197 shares during the period. Finally, Tobam acquired a new stake in shares of State Street in the third quarter worth $77,000. 87.44% of the stock is currently owned by institutional investors.

State Street Stock Up 0.4 %

Shares of NYSE STT opened at $97.58 on Friday. The business has a fifty day moving average of $97.86 and a two-hundred day moving average of $90.13. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56. State Street Co. has a 52-week low of $70.20 and a 52-week high of $101.91. The stock has a market cap of $28.61 billion, a PE ratio of 11.84, a PEG ratio of 1.07 and a beta of 1.43.

State Street (NYSE:STT) last released its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.31. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3,267,560 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.04 earnings per share. As a group, equities research analysts expect that State Street Co. will post 9.57 earnings per share for the current fiscal year.

State Street Announces Dividend

The firm also recently disclosed 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 payout ratio is 36.89%.

Analyst Upgrades and Downgrades

Several research firms recently commented on STT. Evercore ISI upped their target price on shares of State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays upped their price objective on shares of State Street from $108.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $103.00 price target (down from $104.00) on shares of State Street in a research note on Wednesday. The Goldman Sachs Group upped their price target on State Street from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Morgan Stanley decreased their price objective on State Street from $139.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, State Street currently has an average rating of “Hold” and an average target price of $100.73.

Insiders Place Their Bets

In related news, EVP Kathryn M. Horgan sold 12,500 shares of State Street stock in a transaction dated 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 directly owns 111,042 shares of the company’s stock, valued at $10,878,784.74. The trade was a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

About State Street

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.