Paragon Capital Management Ltd decreased its position in State Street Corp (NYSE:STT) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,945 shares of the asset manager’s stock after selling 234 shares during the quarter. Paragon Capital Management Ltd’s holdings in State Street were worth $312,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in STT. California State Teachers Retirement System increased its position in State Street by 0.5% during the third quarter. California State Teachers Retirement System now owns 632,050 shares of the asset manager’s stock worth $37,411,000 after acquiring an additional 3,285 shares during the period. First Trust Advisors LP boosted its stake in State Street by 0.3% during the fourth quarter. First Trust Advisors LP now owns 750,434 shares of the asset manager’s stock worth $59,359,000 after buying an additional 2,175 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in State Street by 105.2% during the third quarter. Public Employees Retirement System of Ohio now owns 261,132 shares of the asset manager’s stock worth $15,456,000 after buying an additional 133,872 shares in the last quarter. Highland Capital Management LLC acquired a new stake in State Street during the third quarter worth $207,000. Finally, Pictet Asset Management Ltd. boosted its stake in State Street by 4.1% during the third quarter. Pictet Asset Management Ltd. now owns 334,270 shares of the asset manager’s stock worth $19,785,000 after buying an additional 13,248 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

Shares of NYSE:STT traded down $1.00 on Friday, hitting $77.85. The stock had a trading volume of 1,855,610 shares, compared to its average volume of 2,574,878. State Street Corp has a twelve month low of $48.62 and a twelve month high of $85.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.50. The firm’s 50 day moving average price is $79.72 and its 200-day moving average price is $67.53. The company has a market capitalization of $28.77 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 1.08 and a beta of 1.56.

State Street (NYSE:STT) last issued its earnings results on Friday, January 17th. The asset manager reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.28. State Street had a net margin of 18.14% and a return on equity of 11.79%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that State Street Corp will post 6.9 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.52 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 2.67%. State Street’s dividend payout ratio is presently 33.71%.

In related news, EVP Joerg Ambrosius sold 2,500 shares of State Street stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $75.08, for a total value of $187,700.00. Following the completion of the transaction, the executive vice president now directly owns 14,654 shares of the company’s stock, valued at $1,100,222.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karen C. Keenan sold 4,778 shares of State Street stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.29, for a total value of $354,957.62. Insiders own 0.40% of the company’s stock.

A number of equities research analysts have weighed in on STT shares. UBS Group lifted their price target on shares of State Street from $65.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Morgan Stanley lifted their price target on shares of State Street from $71.00 to $76.00 and gave the stock an “underweight” rating in a research note on Monday, December 23rd. ValuEngine downgraded shares of State Street from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Deutsche Bank lifted their price target on shares of State Street from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Bank of America boosted their target price on shares of State Street from $64.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $81.73.

About State Street

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.

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

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