Trilogy Capital Inc. Lowers Position in State Street Co. (NYSE:STT)

Trilogy Capital Inc. lowered its position in State Street Co. (NYSE:STT) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,828 shares of the asset manager’s stock after selling 2,848 shares during the period. Trilogy Capital Inc.’s holdings in State Street were worth $3,124,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Albion Financial Group UT purchased a new position in shares of State Street in the 4th quarter worth about $25,000. Y.D. More Investments Ltd boosted its stake in State Street by 116.6% in the fourth quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 197 shares during the last quarter. Coastline Trust Co bought a new position in shares of State Street during the 3rd quarter valued at approximately $44,000. Friedenthal Financial purchased a new stake in shares of State Street during the 4th quarter worth approximately $49,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of State Street in the 3rd quarter worth approximately $54,000. 87.44% of the stock is owned by institutional investors.

Insider Buying and Selling at State Street

In other State Street news, EVP Kathryn M. Horgan sold 12,500 shares of State Street stock in a transaction dated Monday, November 25th. The shares were 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 approximately $10,878,784.74. The trade was a 10.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on STT. Evercore ISI upped their price target on State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of State Street from $108.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of State Street from an “underweight” rating to a “neutral” rating and set a $95.00 price target on the stock in a research note on Friday, December 20th. StockNews.com raised shares of State Street from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $103.00 target price (down previously from $104.00) on shares of State Street in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $100.73.

State Street Trading Up 1.0 %

NYSE STT opened at $99.33 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03. The stock’s 50-day simple moving average is $98.49 and its two-hundred day simple moving average is $91.48. State Street Co. has a twelve month low of $70.20 and a twelve month high of $103.00. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.14 and a beta of 1.43.

State Street (NYSE:STT) last released its earnings results 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 company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.27 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. State Street’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 EPS. Research analysts forecast that State Street Co. will post 9.6 EPS for the current fiscal year.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.04 dividend on an annualized basis and a yield of 3.06%. State Street’s dividend payout ratio (DPR) is currently 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.