Coldstream Capital Management Inc. Purchases 170 Shares of State Street Co. (NYSE:STT)

Coldstream Capital Management Inc. lifted its stake in shares of State Street Co. (NYSE:STT) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,132 shares of the asset manager’s stock after buying an additional 170 shares during the quarter. Coldstream Capital Management Inc.’s holdings in State Street were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of State Street during the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC grew its position in shares of State Street by 92.5% during the 4th 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 period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of State Street during the 4th quarter worth approximately $35,000. Bruce G. Allen Investments LLC acquired a new stake in shares of State Street during the 4th quarter worth approximately $51,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of State Street during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insider Transactions at State Street

In other news, EVP Anthony Bisegna sold 4,258 shares of State Street stock in a transaction on Friday, March 1st. The stock was sold at an average price of $73.64, for a total transaction of $313,559.12. Following the sale, the executive vice president now directly owns 23,328 shares in the company, valued at approximately $1,717,873.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Eric W. Aboaf sold 12,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $73.90, for a total value of $886,800.00. Following the sale, the chief financial officer now directly owns 149,063 shares in the company, valued at approximately $11,015,755.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anthony Bisegna sold 4,258 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $73.64, for a total value of $313,559.12. Following the completion of the sale, the executive vice president now owns 23,328 shares in the company, valued at $1,717,873.92. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of State Street from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Morgan Stanley lifted their price target on shares of State Street from $89.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Evercore ISI lifted their price target on shares of State Street from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Argus lifted their price target on shares of State Street from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of State Street from $79.50 to $80.50 in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, State Street currently has an average rating of “Hold” and a consensus target price of $84.04.

State Street Price Performance

STT opened at $75.39 on Friday. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.29 and a beta of 1.51. State Street Co. has a 1 year low of $62.78 and a 1 year high of $79.90. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.61 and a quick ratio of 0.61. The firm’s fifty day moving average price is $75.28 and its two-hundred day moving average price is $74.22.

State Street (NYSE:STT) last released its earnings results on Friday, April 12th. The asset manager reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.21. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.06 billion. State Street had a return on equity of 12.03% and a net margin of 9.62%. As a group, analysts anticipate that State Street Co. will post 7.95 earnings per share for the current fiscal year.

State Street Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Monday, July 1st. State Street’s payout ratio is 51.69%.

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.