44,951 Shares in State Street Corporation $STT Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in State Street Corporation (NYSE:STT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 44,951 shares of the asset manager’s stock, valued at approximately $5,215,000.

A number of other large investors also recently bought and sold shares of STT. Invesco Ltd. raised its stake in shares of State Street by 4.7% in the 2nd quarter. Invesco Ltd. now owns 8,566,237 shares of the asset manager’s stock valued at $910,934,000 after acquiring an additional 381,547 shares during the period. Dodge & Cox raised its position in State Street by 1.1% in the second quarter. Dodge & Cox now owns 7,412,414 shares of the asset manager’s stock valued at $788,236,000 after purchasing an additional 80,855 shares during the period. Geode Capital Management LLC lifted its stake in State Street by 0.4% during the second quarter. Geode Capital Management LLC now owns 7,412,130 shares of the asset manager’s stock worth $784,930,000 after purchasing an additional 27,098 shares in the last quarter. Regents of The University of California purchased a new position in shares of State Street during the third quarter worth $324,576,000. Finally, First Trust Advisors LP boosted its position in shares of State Street by 36.8% during the third quarter. First Trust Advisors LP now owns 2,747,646 shares of the asset manager’s stock worth $318,754,000 after buying an additional 738,456 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

State Street Stock Up 0.5%

Shares of NYSE STT opened at $121.67 on Tuesday. The business has a 50-day moving average price of $129.41 and a 200 day moving average price of $121.87. The stock has a market cap of $33.91 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. State Street Corporation has a 52-week low of $72.81 and a 52-week high of $137.05.

State Street (NYSE:STT) last issued its quarterly earnings data on Friday, January 16th. The asset manager reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.15. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.57 billion. State Street had a return on equity of 13.46% and a net margin of 13.02%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.60 earnings per share. Equities research analysts forecast that State Street Corporation will post 9.68 earnings per share for the current year.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.84 per share. The ex-dividend date is Wednesday, April 1st. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. State Street’s dividend payout ratio is currently 35.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Loop Capital set a $144.00 price objective on State Street in a report on Tuesday, January 6th. Wall Street Zen upgraded State Street from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Citigroup started coverage on State Street in a research report on Monday, February 23rd. They issued a “buy” rating and a $150.00 target price for the company. TD Cowen reiterated a “buy” rating on shares of State Street in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of State Street in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.83.

About State Street

State Street Corporation is a global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors. Its principal activities include custody and fund administration, securities lending, performance and risk analytics, trading and execution services, and foreign exchange. The company also offers investment management through State Street Global Advisors, a major provider of exchange-traded funds and institutional investment strategies.

State Street serves a broad client base of asset managers, insurance companies, pension funds, endowments, and other institutions across North America, Europe, Asia and other global markets.