State Street Corp (NYSE:STT) CEO Joseph L. Hooley sold 25,000 shares of State Street stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $83.01, for a total value of $2,075,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE STT traded up $0.73 during midday trading on Friday, reaching $84.94. 203,586 shares of the company’s stock were exchanged, compared to its average volume of 1,977,068. State Street Corp has a 52-week low of $82.43 and a 52-week high of $114.27. The firm has a market cap of $30.73 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.52.

State Street (NYSE:STT) last posted its quarterly earnings results on Friday, July 20th. The asset manager reported $1.88 EPS for the quarter, missing the Zacks’ consensus estimate of $2.01 by ($0.13). The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.05 billion. State Street had a return on equity of 14.98% and a net margin of 19.56%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.67 earnings per share. research analysts predict that State Street Corp will post 7.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.21%. This is an increase from State Street’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, September 28th. State Street’s dividend payout ratio (DPR) is 28.19%.

STT has been the topic of a number of analyst reports. Zacks Investment Research lowered State Street from a “buy” rating to a “hold” rating in a research report on Monday, May 28th. Bank of America dropped their target price on State Street from $104.00 to $97.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 25th. Sandler O’Neill reaffirmed a “hold” rating on shares of State Street in a research report on Friday, July 13th. Deutsche Bank dropped their target price on State Street from $116.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, June 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $91.00 target price on shares of State Street in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $105.29.

Large investors have recently bought and sold shares of the stock. Delta Asset Management LLC TN acquired a new position in State Street in the second quarter worth about $142,000. First National Trust Co grew its stake in State Street by 2.2% in the second quarter. First National Trust Co now owns 43,211 shares of the asset manager’s stock worth $4,023,000 after purchasing an additional 949 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in State Street by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,334,164 shares of the asset manager’s stock worth $133,057,000 after purchasing an additional 29,642 shares in the last quarter. SG Americas Securities LLC grew its stake in State Street by 3.5% in the first quarter. SG Americas Securities LLC now owns 78,824 shares of the asset manager’s stock worth $7,861,000 after purchasing an additional 2,685 shares in the last quarter. Finally, M&T Bank Corp grew its stake in State Street by 4.9% in the first quarter. M&T Bank Corp now owns 143,327 shares of the asset manager’s stock worth $14,294,000 after purchasing an additional 6,674 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

State Street Company 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; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.

See Also: Average Daily Trade Volume Explained

Insider Buying and Selling by Quarter for State Street (NYSE:STT)

Receive News & Ratings for State Street Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Street and related companies with MarketBeat.com's FREE daily email newsletter.