State Street Co. (NYSE:STT) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in shares of State Street Co. (NYSE:STT) by 27.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,056 shares of the asset manager’s stock after selling 3,040 shares during the quarter. International Assets Investment Management LLC’s holdings in State Street were worth $624,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in State Street during the 4th quarter worth $27,000. Venturi Wealth Management LLC grew its holdings in State Street by 92.5% during the 4th quarter. Venturi Wealth Management LLC now owns 383 shares of the asset manager’s stock worth $30,000 after acquiring an additional 184 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in State Street during the 4th quarter worth $51,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in State Street during the 3rd quarter worth $72,000. Finally, Life Planning Partners Inc acquired a new position in State Street during the 4th quarter worth $79,000. 87.44% of the stock is owned by institutional investors and hedge funds.

State Street Trading Down 0.1 %

Shares of NYSE:STT opened at $74.29 on Thursday. The company has a market cap of $22.43 billion, a PE ratio of 13.91, a P/E/G ratio of 1.32 and a beta of 1.52. The company’s 50-day moving average price is $74.14 and its 200 day moving average price is $72.68. State Street Co. has a fifty-two week low of $62.78 and a fifty-two week high of $79.90. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.90.

State Street Announces Dividend

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

Insider Activity at State Street

In related news, EVP Anthony Bisegna sold 2,606 shares of State Street stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $73.00, for a total value of $190,238.00. Following the sale, the executive vice president now directly owns 17,737 shares in the company, valued at approximately $1,294,801. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other State Street news, EVP Anthony Bisegna sold 2,606 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $73.00, for a total transaction of $190,238.00. Following the sale, the executive vice president now directly owns 17,737 shares in the company, valued at approximately $1,294,801. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric W. Aboaf sold 12,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $73.90, for a total transaction of $886,800.00. Following the sale, the chief financial officer now owns 149,063 shares in the company, valued at $11,015,755.70. The disclosure for this sale can be found here. Insiders have sold a total of 18,864 shares of company stock worth $1,390,597 in the last ninety days. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

STT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of State Street from $89.00 to $86.00 and set a “market perform” rating for the company in a report on Monday, January 22nd. UBS Group lifted their price target on shares of State Street from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, April 12th. JPMorgan Chase & Co. lifted their price target on shares of State Street from $79.50 to $80.50 in a report on Friday, April 12th. Morgan Stanley lifted their price target on shares of State Street from $89.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, The Goldman Sachs Group raised shares of State Street from a “neutral” rating to a “buy” rating and lifted their price target for the company from $69.00 to $92.00 in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, State Street presently has an average rating of “Hold” and a consensus price target of $84.04.

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.