2,500 Shares in State Street Corp (STT) Acquired by Wealthstreet Investment Advisors LLC

Wealthstreet Investment Advisors LLC acquired a new stake in State Street Corp (NYSE:STT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,500 shares of the asset manager’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Longview Partners Guernsey LTD boosted its stake in State Street by 0.9% in the fourth quarter. Longview Partners Guernsey LTD now owns 8,131,523 shares of the asset manager’s stock valued at $793,718,000 after acquiring an additional 68,797 shares in the last quarter. Capital International Investors boosted its stake in State Street by 63.3% in the third quarter. Capital International Investors now owns 5,771,226 shares of the asset manager’s stock valued at $551,383,000 after acquiring an additional 2,237,595 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in State Street by 44.8% in the third quarter. Artisan Partners Limited Partnership now owns 4,470,723 shares of the asset manager’s stock valued at $427,133,000 after acquiring an additional 1,383,249 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in State Street by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 4,349,477 shares of the asset manager’s stock valued at $415,547,000 after acquiring an additional 13,453 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in State Street by 27.7% in the third quarter. JPMorgan Chase & Co. now owns 2,908,094 shares of the asset manager’s stock valued at $278,625,000 after acquiring an additional 630,368 shares in the last quarter. Institutional investors own 88.46% of the company’s stock.

STT has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of State Street from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Thursday, January 25th. Morgan Stanley upped their price objective on shares of State Street from $114.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Citigroup upgraded shares of State Street from a “neutral” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Wednesday, January 10th. ValuEngine downgraded shares of State Street from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Barclays upped their price objective on shares of State Street from $104.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $106.69.

Shares of State Street Corp (STT) opened at $104.55 on Friday. State Street Corp has a 12 month low of $75.27 and a 12 month high of $114.27. The firm has a market cap of $38,220.89, a PE ratio of 19.99, a PEG ratio of 1.71 and a beta of 1.31. The company has a current ratio of 0.49, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61.

State Street (NYSE:STT) last announced its earnings results on Tuesday, January 23rd. The asset manager reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.10). State Street had a return on equity of 13.41% and a net margin of 17.94%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the company posted $1.48 EPS. State Street’s quarterly revenue was up 8.5% on a year-over-year basis. research analysts expect that State Street Corp will post 7.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.68 annualized dividend and a dividend yield of 1.61%. State Street’s dividend payout ratio (DPR) is 32.12%.

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State Street Profile

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.

Institutional Ownership by Quarter for State Street (NYSE:STT)

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