Chicago Equity Partners LLC raised its stake in shares of State Street Corp (NYSE:STT) by 105.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,175 shares of the asset manager’s stock after acquiring an additional 3,680 shares during the period. Chicago Equity Partners LLC’s holdings in State Street were worth $700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in shares of State Street by 530.5% in the second quarter. Janus Henderson Group PLC now owns 543,907 shares of the asset manager’s stock valued at $48,806,000 after purchasing an additional 457,639 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of State Street in the second quarter valued at $208,000. BlueCrest Capital Management Ltd purchased a new position in shares of State Street in the second quarter valued at $1,114,000. Cubist Systematic Strategies LLC grew its holdings in shares of State Street by 32.1% in the second quarter. Cubist Systematic Strategies LLC now owns 7,484 shares of the asset manager’s stock valued at $672,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of State Street by 20.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 27,220 shares of the asset manager’s stock valued at $2,443,000 after purchasing an additional 4,602 shares in the last quarter. 86.95% of the stock is owned by institutional investors and hedge funds.

In other news, insider Andrew Erickson sold 354 shares of State Street stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $92.00, for a total transaction of $32,568.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of State Street from $114.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. ValuEngine raised shares of State Street from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of State Street from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a report on Thursday, January 25th. Keefe, Bruyette & Woods set a $120.00 target price on shares of State Street and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Bank of America raised their target price on shares of State Street from $108.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. State Street has an average rating of “Buy” and an average target price of $106.69.

Shares of State Street Corp (NYSE:STT) opened at $100.01 on Friday. The stock has a market capitalization of $37,640.00, a price-to-earnings ratio of 19.09, a P/E/G ratio of 1.64 and a beta of 1.31. State Street Corp has a 52-week low of $75.27 and a 52-week high of $114.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.49 and a quick ratio of 0.48.

State Street (NYSE:STT) last issued its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.10). The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. State Street had a return on equity of 13.41% and a net margin of 17.94%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 earnings per share. analysts anticipate that State Street Corp will post 7.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Tuesday, January 2nd were given a $0.42 dividend. The ex-dividend date was Friday, December 29th. This represents a $1.68 dividend on an annualized basis and a yield of 1.68%. State Street’s dividend payout ratio is presently 32.06%.

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About State Street

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.

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

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