International Assets Investment Management LLC Sells 3,040 Shares of State Street Co. (NYSE:STT)

International Assets Investment Management LLC lowered its position in State Street Co. (NYSE:STT) by 27.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,056 shares of the asset manager’s stock after selling 3,040 shares during the period. International Assets Investment Management LLC’s holdings in State Street were worth $624,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in State Street during the 4th quarter valued at $27,000. Venturi Wealth Management LLC lifted 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. Bruce G. Allen Investments LLC bought a new stake in State Street during the fourth quarter valued at about $51,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in State Street during the third quarter valued at about $72,000. Finally, Life Planning Partners Inc bought a new stake in State Street during the fourth quarter valued at about $79,000. Institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

STT has been the topic of several research reports. Morgan Stanley lifted their target price on State Street from $89.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. UBS Group boosted their price objective on State Street from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. The Goldman Sachs Group raised State Street from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $69.00 to $92.00 in a research note on Wednesday, January 3rd. Evercore ISI boosted their price objective on State Street from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, Keefe, Bruyette & Woods reduced their price objective on State Street from $89.00 to $86.00 and set a “market perform” rating on the stock in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.04.

State Street Stock Down 0.1 %

Shares of NYSE STT opened at $74.29 on Thursday. 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 firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.32 and a beta of 1.52. The stock has a 50 day moving average price of $74.14 and a 200 day moving average price of $72.68. State Street Co. has a 52-week low of $62.78 and a 52-week high of $79.90.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Monday, April 1st were issued 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 dividend yield of 3.72%. State Street’s payout ratio is 51.69%.

Insider Activity at State Street

In related 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 transaction, the executive vice president now owns 17,737 shares of the company’s stock, valued at $1,294,801. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related 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 transaction, the executive vice president now owns 17,737 shares of the company’s stock, valued at $1,294,801. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $886,800.00. Following the completion of the transaction, the chief financial officer now directly owns 149,063 shares of the company’s stock, valued at approximately $11,015,755.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,864 shares of company stock worth $1,390,597. Company insiders own 0.31% of the company’s stock.

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.