Universal Beteiligungs und Servicegesellschaft mbH Sells 15,186 Shares of State Street Corporation $STT

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in State Street Corporation (NYSE:STT) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,657 shares of the asset manager’s stock after selling 15,186 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in State Street were worth $38,637,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in STT. True Wealth Design LLC grew its stake in shares of State Street by 166.3% in the 3rd quarter. True Wealth Design LLC now owns 253 shares of the asset manager’s stock worth $29,000 after acquiring an additional 158 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of State Street in the 3rd quarter worth $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of State Street in the 3rd quarter worth $35,000. Measured Wealth Private Client Group LLC purchased a new position in shares of State Street in the 3rd quarter worth about $35,000. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of State Street by 2,142.9% in 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 last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP John Plansky sold 16,100 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $124.32, for a total value of $2,001,552.00. Following the sale, the executive vice president directly owned 56,162 shares of the company’s stock, valued at approximately $6,982,059.84. This represents a 22.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

STT has been the topic of a number of research analyst reports. Bank of America raised shares of State Street from an “underperform” rating to a “neutral” rating and set a $143.00 price target on the stock in a report on Monday, April 6th. Weiss Ratings reissued a “buy (b)” rating on shares of State Street in a report on Monday. Morgan Stanley boosted their price target on shares of State Street from $155.00 to $166.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank Of Canada boosted their price target on shares of State Street from $135.00 to $155.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Seaport Research Partners reissued a “buy” rating and issued a $170.00 price target on shares of State Street in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, State Street has an average rating of “Moderate Buy” and an average price target of $154.00.

State Street Price Performance

NYSE STT opened at $151.25 on Friday. The company has a market cap of $41.90 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. State Street Corporation has a 52 week low of $85.05 and a 52 week high of $156.18. The company has a quick ratio of 0.61, a current ratio of 0.57 and a debt-to-equity ratio of 1.04. The firm’s 50-day simple moving average is $130.35 and its two-hundred day simple moving average is $125.92.

State Street (NYSE:STT) last released its quarterly earnings data on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, beating the consensus estimate of $2.64 by $0.20. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.59 billion. State Street had a net margin of 13.47% and a return on equity of 14.22%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 earnings per share. Research analysts predict that State Street Corporation will post 12.23 earnings per share for the current year.

State Street Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $3.36 annualized dividend and a yield of 2.2%. State Street’s dividend payout ratio is 34.08%.

State Street 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.