Capital Insight Partners LLC Has $206,000 Stock Holdings in State Street Co. (NYSE:STT)

Capital Insight Partners LLC lowered its position in shares of State Street Co. (NYSE:STT) by 24.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,334 shares of the asset manager’s stock after selling 775 shares during the quarter. Capital Insight Partners LLC’s holdings in State Street were worth $206,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. LRI Investments LLC acquired a new position in State Street during the 1st quarter valued at about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of State Street during the second quarter worth $27,000. Norwood Financial Corp acquired a new position in State Street in the first quarter valued at about $35,000. Versant Capital Management Inc grew its position in shares of State Street by 411.9% during the 2nd quarter. Versant Capital Management Inc now owns 517 shares of the asset manager’s stock worth $38,000 after buying an additional 416 shares during the period. Finally, Accent Capital Management LLC bought a new stake in shares of State Street in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on STT shares. Morgan Stanley boosted their price objective on shares of State Street from $93.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Wolfe Research reaffirmed an “underperform” rating and set a $73.00 price objective on shares of State Street in a research note on Monday, July 8th. Evercore ISI boosted their target price on State Street from $88.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Bank of America raised their price target on State Street from $85.00 to $96.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods decreased their price objective on State Street from $88.00 to $84.00 and set a “market perform” rating for the company in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $90.11.

State Street Stock Up 0.5 %

STT stock opened at $89.34 on Friday. State Street Co. has a twelve month low of $62.78 and a twelve month high of $89.78. The company has a market cap of $26.68 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.30 and a beta of 1.48. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $84.14 and a two-hundred day moving average price of $78.85.

State Street (NYSE:STT) last posted its quarterly earnings results on Tuesday, July 16th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.12. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.15 billion. State Street had a return on equity of 11.78% and a net margin of 8.98%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 EPS. Analysts anticipate that State Street Co. will post 8.14 EPS for the current fiscal year.

State Street Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.40%. This is a boost from State Street’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Tuesday, October 1st. State Street’s dividend payout ratio is presently 57.14%.

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.