Kintegral Advisory LLC Has $5.80 Million Position in State Street Co. (NYSE:STT)

Kintegral Advisory LLC lessened its stake in shares of State Street Co. (NYSE:STT) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,123 shares of the asset manager’s stock after selling 2,754 shares during the period. Kintegral Advisory LLC’s holdings in State Street were worth $5,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of STT. Creative Planning grew its position in State Street by 13.4% during the third quarter. Creative Planning now owns 20,870 shares of the asset manager’s stock valued at $1,846,000 after buying an additional 2,470 shares during the period. Sequoia Financial Advisors LLC grew its position in State Street by 17.5% during the third quarter. Sequoia Financial Advisors LLC now owns 3,545 shares of the asset manager’s stock valued at $314,000 after acquiring an additional 529 shares during the last quarter. International Assets Investment Management LLC grew its position in State Street by 15,129.6% during the third quarter. International Assets Investment Management LLC now owns 32,439 shares of the asset manager’s stock valued at $2,870,000 after acquiring an additional 32,226 shares during the last quarter. Assenagon Asset Management S.A. grew its position in State Street by 9.8% during the third quarter. Assenagon Asset Management S.A. now owns 10,661 shares of the asset manager’s stock valued at $943,000 after acquiring an additional 954 shares during the last quarter. Finally, apricus wealth LLC grew its holdings in shares of State Street by 1.3% in the third quarter. apricus wealth LLC now owns 41,852 shares of the asset manager’s stock worth $3,703,000 after purchasing an additional 547 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

State Street Price Performance

STT opened at $98.74 on Friday. The stock’s 50-day moving average price is $98.55 and its 200 day moving average price is $92.79. State Street Co. has a 12-month low of $70.20 and a 12-month high of $103.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.11 and a beta of 1.43.

State Street (NYSE:STT) last released its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.31. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.27 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.04 EPS. As a group, sell-side analysts expect that State Street Co. will post 9.68 earnings per share for the current year.

State Street Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, April 1st. State Street’s dividend payout ratio is presently 36.89%.

Insider Buying and Selling

In related news, EVP Kathryn M. Horgan sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $97.97, for a total value of $1,224,625.00. Following the completion of the transaction, the executive vice president now owns 111,042 shares in the company, valued at $10,878,784.74. The trade was a 10.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ann Fogarty sold 3,705 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total transaction of $368,536.35. Following the sale, the executive vice president now owns 50,816 shares of the company’s stock, valued at $5,054,667.52. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,020 shares of company stock worth $2,674,661. 0.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on STT. Morgan Stanley cut their price target on shares of State Street from $139.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Barclays upped their price target on shares of State Street from $108.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $103.00 target price (down from $104.00) on shares of State Street in a report on Wednesday, January 22nd. StockNews.com lowered shares of State Street from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods upgraded State Street from a “market perform” rating to an “outperform” rating and increased their target price for the company from $105.00 to $120.00 in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $100.73.

State Street Profile

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.