State Street Co. (NYSE:STT) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. decreased its position in shares of State Street Co. (NYSE:STTFree Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,773 shares of the asset manager’s stock after selling 288 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in State Street were worth $601,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. CVA Family Office LLC bought a new stake in State Street in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC boosted its position in shares of State Street by 92.5% during the fourth quarter. Venturi Wealth Management LLC now owns 383 shares of the asset manager’s stock worth $30,000 after buying an additional 184 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in State Street in the 4th quarter worth approximately $35,000. Norwood Financial Corp acquired a new stake in State Street in the 1st quarter valued at approximately $35,000. Finally, Accent Capital Management LLC bought a new stake in State Street during the 4th quarter valued at $39,000. Institutional investors own 87.44% of the company’s stock.

State Street Stock Performance

Shares of NYSE STT opened at $73.29 on Monday. The stock’s fifty day simple moving average is $74.31 and its 200 day simple moving average is $74.53. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.28 and a beta of 1.48. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.90. State Street Co. has a 52-week low of $62.78 and a 52-week high of $79.90.

State Street (NYSE:STTGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The asset manager reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.21. State Street had a return on equity of 12.03% and a net margin of 9.62%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.06 billion. As a group, sell-side analysts forecast that State Street Co. will post 7.95 earnings per share for the current fiscal year.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Monday, July 1st will be given a $0.69 dividend. The ex-dividend date is Monday, July 1st. This represents a $2.76 annualized dividend and a dividend yield of 3.77%. State Street’s dividend payout ratio (DPR) is presently 51.69%.

Analysts Set New Price Targets

STT has been the subject of several recent analyst reports. Argus increased their price target on State Street from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Wolfe Research reissued an “underperform” rating and set a $73.00 target price on shares of State Street in a research note on Monday. Evercore ISI reaffirmed an “outperform” rating and issued a $88.00 price target on shares of State Street in a research note on Wednesday, July 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price objective on shares of State Street in a research note on Wednesday, June 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $85.00 target price on shares of State Street in a research report on Monday, July 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.11.

Check Out Our Latest Stock Analysis on STT

State Street Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding STT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State Street Co. (NYSE:STTFree Report).

Institutional Ownership by Quarter for State Street (NYSE:STT)

Receive News & Ratings for State Street Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Street and related companies with MarketBeat.com's FREE daily email newsletter.