State Street Co. (NYSE:STT) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in State Street Co. (NYSE:STT) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 868,521 shares of the asset manager’s stock after selling 62,389 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in State Street were worth $85,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Albion Financial Group UT purchased a new position in shares of State Street during the 4th quarter worth approximately $25,000. Coastline Trust Co purchased a new position in State Street during the third quarter worth $44,000. Friedenthal Financial acquired a new position in shares of State Street in the fourth quarter worth $49,000. Capital Performance Advisors LLP purchased a new stake in shares of State Street in the third quarter valued at $54,000. Finally, R Squared Ltd acquired a new stake in shares of State Street during the fourth quarter valued at $58,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kathryn M. Horgan sold 12,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $97.97, for a total value of $1,224,625.00. Following the completion of the transaction, the executive vice president now directly owns 111,042 shares in the company, valued at approximately $10,878,784.74. This represents a 10.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

State Street Price Performance

State Street stock opened at $100.90 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $29.58 billion, a P/E ratio of 12.25, a PEG ratio of 1.11 and a beta of 1.43. The firm has a fifty day moving average of $98.20 and a 200-day moving average of $90.90. State Street Co. has a 52-week low of $70.20 and a 52-week high of $102.63.

State Street (NYSE:STT) last released its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, beating the consensus estimate of $2.29 by $0.31. State Street had a return on equity of 12.60% and a net margin of 12.14%. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period last year, the company posted $2.04 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, analysts predict that State Street Co. will post 9.43 EPS for the current year.

State Street Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.01%. The ex-dividend date was Thursday, January 2nd. State Street’s dividend payout ratio (DPR) is presently 36.89%.

Analysts Set New Price Targets

A number of research analysts have issued reports on STT shares. Truist Financial reduced their target price on shares of State Street from $106.00 to $104.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. StockNews.com upgraded shares of State Street from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. JPMorgan Chase & Co. upgraded State Street from an “underweight” rating to a “neutral” rating and set a $95.00 price target for the company in a report on Friday, December 20th. Wells Fargo & Company raised their price objective on State Street from $108.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods upgraded State Street from a “market perform” rating to an “outperform” rating and upped their target price for the company from $105.00 to $120.00 in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, State Street presently has an average rating of “Hold” and an average price target of $100.73.

About State Street

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.