Bryn Mawr Capital Management LLC Sells 1,737 Shares of State Street Co. (NYSE:STT)

Bryn Mawr Capital Management LLC decreased its holdings in shares of State Street Co. (NYSE:STT) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,660 shares of the asset manager’s stock after selling 1,737 shares during the period. Bryn Mawr Capital Management LLC’s holdings in State Street were worth $1,213,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in STT. CVA Family Office LLC bought a new stake in State Street during the fourth quarter valued at $27,000. Venturi Wealth Management LLC raised its position in State Street by 92.5% during the fourth quarter. Venturi Wealth Management LLC now owns 383 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 184 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in State Street during the fourth quarter valued at about $35,000. Bruce G. Allen Investments LLC purchased a new stake in State Street during the fourth quarter valued at about $51,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in State Street during the third quarter valued at about $72,000. Institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on STT. Keefe, Bruyette & Woods lowered their price target on State Street from $89.00 to $86.00 and set a “market perform” rating on the stock in a research report on Monday, January 22nd. Argus lifted their price objective on State Street from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Morgan Stanley lifted their price objective on State Street from $89.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Barclays lifted their price objective on State Street from $87.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on State Street from $79.50 to $80.50 in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $84.04.

Insider Buying and Selling at State Street

In other State Street news, CFO Eric W. Aboaf sold 12,000 shares of State Street stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $73.90, for a total transaction of $886,800.00. Following the sale, the chief financial officer now directly owns 149,063 shares of the company’s stock, valued at approximately $11,015,755.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Anthony Bisegna sold 4,258 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $73.64, for a total value of $313,559.12. Following the sale, the executive vice president now directly owns 23,328 shares of the company’s stock, valued at approximately $1,717,873.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Eric W. Aboaf sold 12,000 shares of the business’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 completion of the sale, the chief financial officer now directly owns 149,063 shares in the company, valued at $11,015,755.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,864 shares of company stock valued at $1,390,597. 0.31% of the stock is currently owned by corporate insiders.

State Street Stock Performance

State Street stock opened at $73.39 on Friday. The stock’s 50 day simple moving average is $74.16 and its two-hundred day simple moving average is $72.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.55 and a current ratio of 0.61. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.30 and a beta of 1.52. State Street Co. has a fifty-two week low of $62.78 and a fifty-two week high of $79.90.

State Street Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Monday, April 1st were given a dividend of $0.69 per share. The ex-dividend date was Thursday, March 28th. This represents a $2.76 annualized dividend and a yield of 3.76%. State Street’s payout ratio is 51.69%.

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.