John G Ullman & Associates Inc. Has $3.63 Million Stock Holdings in State Street Co. (NYSE:STT)

John G Ullman & Associates Inc. raised its position in State Street Co. (NYSE:STT) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,810 shares of the asset manager’s stock after buying an additional 5,100 shares during the quarter. John G Ullman & Associates Inc.’s holdings in State Street were worth $3,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STT. CVA Family Office LLC acquired a new position in State Street in the 4th quarter valued at $27,000. Venturi Wealth Management LLC lifted its position in shares of State Street by 92.5% during the 4th quarter. Venturi Wealth Management LLC now owns 383 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 184 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of State Street during the 4th quarter valued at $35,000. State of Wyoming lifted its position in shares of State Street by 51.3% during the 2nd quarter. State of Wyoming now owns 619 shares of the asset manager’s stock worth $45,000 after buying an additional 210 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of State Street by 69.2% during the 1st quarter. Covestor Ltd now owns 572 shares of the asset manager’s stock worth $50,000 after buying an additional 234 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley upped their price objective on State Street from $89.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday. Argus raised their price objective on State Street from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday. Barclays raised their price objective on State Street from $87.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods lowered their target price on State Street from $89.00 to $86.00 and set a “market perform” rating for the company in a report on Monday, January 22nd. Finally, The Goldman Sachs Group upgraded State Street from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $69.00 to $92.00 in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $84.04.

Insiders Place Their Bets

In other news, EVP Anthony Bisegna sold 2,606 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $73.00, for a total value of $190,238.00. Following the completion of the transaction, the executive vice president now directly owns 17,737 shares in the company, valued at approximately $1,294,801. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Anthony Bisegna sold 2,606 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $73.00, for a total value of $190,238.00. Following the completion of the transaction, the executive vice president now directly owns 17,737 shares in the company, valued at approximately $1,294,801. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric W. Aboaf sold 12,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $73.90, for a total value of $886,800.00. Following the sale, the chief financial officer now owns 149,063 shares of the company’s stock, valued at $11,015,755.70. The disclosure for this sale can be found here. Insiders have sold 18,864 shares of company stock worth $1,390,597 in the last ninety days. 0.31% of the stock is currently owned by insiders.

State Street Stock Performance

Shares of STT traded up $0.33 during mid-day trading on Friday, hitting $73.37. The stock had a trading volume of 2,973,789 shares, compared to its average volume of 2,272,854. The firm has a market cap of $22.15 billion, a P/E ratio of 13.80, a PEG ratio of 1.30 and a beta of 1.52. The business has a fifty day moving average price of $73.99 and a 200-day moving average price of $72.37. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.61 and a quick ratio of 0.55. State Street Co. has a 52 week low of $62.78 and a 52 week high of $79.90.

State Street (NYSE:STT) last released its quarterly earnings data on Friday, January 19th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.21. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.95 billion. State Street had a return on equity of 12.03% and a net margin of 9.62%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 EPS. On average, equities research analysts expect that State Street Co. will post 7.91 EPS for the current year.

State Street Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Monday, April 1st were paid a $0.69 dividend. The ex-dividend date was Thursday, March 28th. This represents a $2.76 dividend on an annualized basis and a yield of 3.76%. State Street’s dividend payout ratio is currently 51.69%.

State Street 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, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.