Winslow Evans & Crocker Inc. reduced its position in shares of State Street Corp. (NYSE:STT) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 17,826 shares of the company’s stock after selling 548 shares during the period. Winslow Evans & Crocker Inc.’s holdings in State Street Corp. were worth $961,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Hermes Investment Management Ltd. raised its position in State Street Corp. by 55.8% in the second quarter. Hermes Investment Management Ltd. now owns 192,298 shares of the company’s stock worth $10,369,000 after buying an additional 68,900 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of State Street Corp. by 4.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 33,466 shares of the company’s stock worth $1,805,000 after buying an additional 1,469 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in shares of State Street Corp. during the second quarter worth $3,582,000. Rothschild Investment Corp IL increased its position in shares of State Street Corp. by 6.7% in the second quarter. Rothschild Investment Corp IL now owns 8,000 shares of the company’s stock worth $431,000 after buying an additional 500 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of State Street Corp. by 9.9% in the second quarter. CIBC World Markets Inc. now owns 16,078 shares of the company’s stock worth $867,000 after buying an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 86.10% of the company’s stock.

State Street Corp. (NYSE:STT) traded down 1.53% on Friday, hitting $69.29. 6,730,457 shares of the stock traded hands. The stock has a 50-day moving average price of $68.21 and a 200 day moving average price of $61.09. The company has a market cap of $27.02 billion, a price-to-earnings ratio of 14.14 and a beta of 1.49. State Street Corp. has a 1-year low of $50.60 and a 1-year high of $75.40.

State Street Corp. (NYSE:STT) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.20. State Street Corp. had a net margin of 20.19% and a return on equity of 11.22%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the company posted $1.36 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts anticipate that State Street Corp. will post $0.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a $0.38 dividend. This is an increase from State Street Corp.’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, September 29th. State Street Corp.’s dividend payout ratio (DPR) is presently 27.64%.

STT has been the subject of a number of research analyst reports. Buckingham Research reaffirmed a “buy” rating on shares of State Street Corp. in a research note on Tuesday, June 21st. Barclays PLC reaffirmed a “buy” rating on shares of State Street Corp. in a research note on Saturday, July 9th. Jefferies Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of State Street Corp. in a research note on Wednesday, July 6th. TheStreet raised shares of State Street Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Finally, Zacks Investment Research raised shares of State Street Corp. from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $70.13.

In other news, EVP Jeffrey N. Carp sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $53.80, for a total value of $2,421,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Karen C. Keenan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $57.51, for a total transaction of $57,510.00. Following the completion of the sale, the executive vice president now owns 65,883 shares in the company, valued at $3,788,931.33. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

State Street Corp. Company Profile

State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world.

5 Day Chart for NYSE:STT

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