Signaturefd LLC Grows Position in State Street Co. (NYSE:STT)

Signaturefd LLC increased its holdings in State Street Co. (NYSE:STT) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,919 shares of the asset manager’s stock after acquiring an additional 636 shares during the quarter. Signaturefd LLC’s holdings in State Street were worth $536,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC lifted its position in shares of State Street by 0.8% during the third quarter. HBK Sorce Advisory LLC now owns 20,131 shares of the asset manager’s stock valued at $1,348,000 after buying an additional 151 shares during the last quarter. Cardinal Capital Management lifted its position in shares of State Street by 0.4% during the fourth quarter. Cardinal Capital Management now owns 48,917 shares of the asset manager’s stock valued at $3,822,000 after buying an additional 174 shares during the last quarter. Mathes Company Inc. lifted its position in shares of State Street by 0.5% during the third quarter. Mathes Company Inc. now owns 32,550 shares of the asset manager’s stock valued at $2,180,000 after buying an additional 175 shares during the last quarter. Lido Advisors LLC lifted its position in shares of State Street by 1.6% during the third quarter. Lido Advisors LLC now owns 11,298 shares of the asset manager’s stock valued at $756,000 after buying an additional 178 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of State Street by 5.6% during the third quarter. HB Wealth Management LLC now owns 3,390 shares of the asset manager’s stock valued at $227,000 after buying an additional 181 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other State Street news, CFO Eric W. Aboaf sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $73.90, for a total value of $886,800.00. Following the sale, the chief financial officer now owns 149,063 shares in the company, valued at approximately $11,015,755.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other State Street news, CFO Eric W. Aboaf sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $73.90, for a total value of $886,800.00. Following the sale, the chief financial officer now owns 149,063 shares in the company, valued at approximately $11,015,755.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Anthony Bisegna sold 2,606 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $73.00, for a total value of $190,238.00. Following the completion of the sale, the executive vice president now owns 17,737 shares in the company, valued at approximately $1,294,801. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,864 shares of company stock worth $1,390,597. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on STT. JPMorgan Chase & Co. increased their price target on shares of State Street from $79.50 to $80.50 in a research report on Friday, April 12th. Argus increased their price target on shares of State Street from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Barclays upped their price objective on shares of State Street from $87.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. The Goldman Sachs Group upgraded shares of State Street from a “neutral” rating to a “buy” rating and upped their price objective for the company from $69.00 to $92.00 in a report on Wednesday, January 3rd. Finally, Bank of America restated an “underperform” rating and set a $81.00 price objective on shares of State Street in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, State Street has an average rating of “Hold” and an average price target of $84.04.

State Street Price Performance

Shares of NYSE:STT opened at $74.29 on Thursday. State Street Co. has a twelve month low of $62.78 and a twelve month high of $79.90. The company’s 50 day moving average is $74.14 and its 200 day moving average is $72.68. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.90. The company has a market cap of $22.43 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.52.

State Street Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Monday, April 1st were given a $0.69 dividend. The ex-dividend date was Thursday, March 28th. This represents a $2.76 annualized dividend and a yield of 3.72%. State Street’s dividend payout ratio is presently 51.69%.

State Street Profile

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.