State Street Corporation $STT Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in State Street Corporation (NYSE:STT) by 23.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 292,526 shares of the asset manager’s stock after acquiring an additional 55,558 shares during the quarter. Natixis Advisors LLC owned about 0.10% of State Street worth $33,936,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC boosted its stake in shares of State Street by 166.3% in the third quarter. True Wealth Design LLC now owns 253 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 158 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in State Street during the 3rd quarter valued at $35,000. SJS Investment Consulting Inc. increased its stake in State Street by 2,142.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 314 shares of the asset manager’s stock worth $36,000 after buying an additional 300 shares during the period. Ameriflex Group Inc. lifted its holdings in State Street by 102.5% in the 3rd quarter. Ameriflex Group Inc. now owns 318 shares of the asset manager’s stock worth $37,000 after buying an additional 161 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in State Street by 38.2% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 340 shares of the asset manager’s stock worth $39,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on STT shares. Wall Street Zen upgraded State Street from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Loop Capital set a $144.00 price target on State Street in a research note on Tuesday, January 6th. Citigroup started coverage on State Street in a report on Monday, February 23rd. They issued a “buy” rating and a $150.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of State Street in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of State Street in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, State Street has a consensus rating of “Moderate Buy” and a consensus price target of $135.83.

State Street Price Performance

Shares of STT stock opened at $122.50 on Wednesday. The firm has a fifty day moving average of $129.25 and a two-hundred day moving average of $121.92. The firm has a market cap of $34.14 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.07 and a beta of 1.43. State Street Corporation has a 1-year low of $72.81 and a 1-year high of $137.05. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.61.

State Street (NYSE:STT) last issued its earnings results on Friday, January 16th. The asset manager reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.15. State Street had a net margin of 13.02% and a return on equity of 13.46%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the business posted $2.60 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that State Street Corporation will post 9.68 earnings per share for the current fiscal year.

State Street Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.84 per share. The ex-dividend date is Wednesday, April 1st. This represents a $3.36 annualized dividend and a yield of 2.7%. State Street’s dividend payout ratio is presently 35.71%.

State Street Company Profile

State Street Corporation is a global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors. Its principal activities include custody and fund administration, securities lending, performance and risk analytics, trading and execution services, and foreign exchange. The company also offers investment management through State Street Global Advisors, a major provider of exchange-traded funds and institutional investment strategies.

State Street serves a broad client base of asset managers, insurance companies, pension funds, endowments, and other institutions across North America, Europe, Asia and other global markets.