Teachers Advisors LLC reduced its position in State Street Corp (NYSE:STT) by 24.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,120,471 shares of the asset manager’s stock after selling 354,377 shares during the quarter. Teachers Advisors LLC’s holdings in State Street were worth $109,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in State Street by 1.3% during the fourth quarter. BlackRock Inc. now owns 21,564,559 shares of the asset manager’s stock worth $2,104,916,000 after acquiring an additional 276,242 shares during the period. Longview Partners Guernsey LTD raised its position in State Street by 0.9% during the fourth quarter. Longview Partners Guernsey LTD now owns 8,131,523 shares of the asset manager’s stock worth $793,718,000 after acquiring an additional 68,797 shares during the period. Capital International Investors raised its position in State Street by 63.3% during the third quarter. Capital International Investors now owns 5,771,226 shares of the asset manager’s stock worth $551,383,000 after acquiring an additional 2,237,595 shares during the period. Artisan Partners Limited Partnership raised its position in State Street by 44.8% during the third quarter. Artisan Partners Limited Partnership now owns 4,470,723 shares of the asset manager’s stock worth $427,133,000 after acquiring an additional 1,383,249 shares during the period. Finally, Bank of New York Mellon Corp raised its position in State Street by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 4,349,477 shares of the asset manager’s stock worth $415,547,000 after acquiring an additional 13,453 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

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Shares of State Street Corp (NYSE:STT) opened at $107.33 on Wednesday. State Street Corp has a 1-year low of $75.27 and a 1-year high of $114.27. The stock has a market cap of $40,011.70, a price-to-earnings ratio of 16.95, a PEG ratio of 1.42 and a beta of 1.29. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.61.

State Street (NYSE:STT) last released its earnings results on Tuesday, January 23rd. The asset manager reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.10). State Street had a return on equity of 13.41% and a net margin of 17.94%. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the company earned $1.48 EPS. State Street’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts forecast that State Street Corp will post 7.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, March 29th. State Street’s payout ratio is 32.12%.

In related news, insider Jeff D. Conway sold 747 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $103.07, for a total value of $76,993.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph L. Hooley sold 33,568 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $102.65, for a total transaction of $3,445,755.20. The disclosure for this sale can be found here. Insiders sold 49,531 shares of company stock valued at $5,146,169 in the last three months. 0.71% of the stock is currently owned by insiders.

A number of research firms have weighed in on STT. Zacks Investment Research upgraded shares of State Street from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Thursday, January 25th. Morgan Stanley upped their price objective on shares of State Street from $105.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Bank of America upped their price objective on shares of State Street from $108.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Buckingham Research upped their price objective on shares of State Street from $124.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods set a $120.00 price objective on shares of State Street and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. State Street presently has an average rating of “Buy” and a consensus target price of $108.33.

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About State Street

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.

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

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