QS Investors LLC decreased its position in State Street Corp (NYSE:STT) by 4.4% during the 4th quarter, Holdings Channel reports. The firm owned 97,007 shares of the asset manager’s stock after selling 4,471 shares during the quarter. QS Investors LLC’s holdings in State Street were worth $9,469,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in State Street by 13.6% in the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,534 shares of the asset manager’s stock valued at $443,000 after purchasing an additional 542 shares during the last quarter. Puzo Michael J grew its holdings in State Street by 7.8% in the fourth quarter. Puzo Michael J now owns 7,599 shares of the asset manager’s stock valued at $743,000 after purchasing an additional 550 shares during the last quarter. Covenant Asset Management LLC grew its holdings in State Street by 3.8% in the fourth quarter. Covenant Asset Management LLC now owns 15,382 shares of the asset manager’s stock valued at $1,501,000 after purchasing an additional 564 shares during the last quarter. Ledyard National Bank grew its holdings in State Street by 12.1% in the fourth quarter. Ledyard National Bank now owns 5,703 shares of the asset manager’s stock valued at $557,000 after purchasing an additional 615 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of State Street by 1.8% in the third quarter. Evergreen Capital Management LLC now owns 34,775 shares of the asset manager’s stock valued at $3,322,000 after acquiring an additional 629 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors.
In related news, CAO Elizabeth Schaefer sold 1,473 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $105.00, for a total transaction of $154,665.00. Following the transaction, the chief accounting officer now directly owns 9,362 shares in the company, valued at $983,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew P. Kuritzkes sold 10,248 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $108.17, for a total value of $1,108,526.16. The disclosure for this sale can be found here. Insiders have sold 49,531 shares of company stock worth $5,146,169 over the last quarter. 0.71% of the stock is currently owned by company insiders.
State Street Corp (NYSE STT) opened at $109.83 on Monday. State Street Corp has a 12-month low of $75.27 and a 12-month high of $114.27. The firm has a market capitalization of $40,379.35, a PE ratio of 17.11, a P/E/G ratio of 1.43 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.49 and a current ratio of 0.49.
State Street (NYSE:STT) last released its earnings results on Tuesday, January 23rd. The asset manager reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ 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 quarter last year, the company posted $1.48 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. analysts predict 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. Investors of record on Monday, April 2nd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.68 annualized dividend and a yield of 1.53%. State Street’s dividend payout ratio (DPR) is presently 32.12%.
State Street Company Profile
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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