State Street Co. (NYSE:STT) Shares Sold by McAdam LLC

McAdam LLC lowered its position in shares of State Street Co. (NYSE:STT) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,452 shares of the asset manager’s stock after selling 142 shares during the quarter. McAdam LLC’s holdings in State Street were worth $500,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of STT. CVA Family Office LLC acquired a new position in shares of State Street in the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC grew its position in State Street by 92.5% in the fourth quarter. Venturi Wealth Management LLC now owns 383 shares of the asset manager’s stock worth $30,000 after buying an additional 184 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of State Street in the fourth quarter valued at $35,000. Bruce G. Allen Investments LLC acquired a new stake in shares of State Street during the 4th quarter valued at $51,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of State Street during the 3rd quarter worth $72,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley upped their target price on State Street from $89.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. UBS Group raised their target price on shares of State Street from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada lifted their target price on shares of State Street from $75.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of State Street from $79.50 to $80.50 in a research report on Friday, April 12th. Finally, The Goldman Sachs Group raised shares of State Street from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $92.00 in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $84.04.

State Street Trading Up 0.8 %

State Street stock opened at $73.99 on Tuesday. State Street Co. has a 12 month low of $62.78 and a 12 month high of $79.90. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.90. The stock has a market cap of $22.34 billion, a P/E ratio of 13.86, a P/E/G ratio of 1.30 and a beta of 1.52. The company’s fifty day simple moving average is $74.19 and its 200-day simple moving average is $72.92.

State Street Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Monday, April 1st were paid a $0.69 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.76 dividend on an annualized basis and a yield of 3.73%. State Street’s dividend payout ratio (DPR) is currently 51.69%.

Insiders Place Their Bets

In related news, EVP Anthony Bisegna sold 2,606 shares of the 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 transaction, the executive vice president now owns 17,737 shares in the company, valued at $1,294,801. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other State Street news, EVP Anthony Bisegna sold 2,606 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were 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 directly owns 17,737 shares of the company’s stock, valued at $1,294,801. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric W. Aboaf sold 12,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $73.90, for a total transaction of $886,800.00. Following the transaction, the chief financial officer now owns 149,063 shares in the company, valued at approximately $11,015,755.70. The disclosure for this sale can be found here. Insiders have sold a total of 18,864 shares of company stock valued at $1,390,597 in the last three months. Insiders own 0.31% of the company’s stock.

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.