Professional Advisory Services Inc. lessened its position in State Street Corp (NYSE:STT) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,963 shares of the asset manager’s stock after selling 543 shares during the period. State Street accounts for 2.5% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 25th biggest position. Professional Advisory Services Inc.’s holdings in State Street were worth $12,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STT. Zions Bancorporation grew its holdings in State Street by 318.0% in the 3rd quarter. Zions Bancorporation now owns 1,045 shares of the asset manager’s stock worth $100,000 after acquiring an additional 795 shares during the last quarter. Sabal Trust CO bought a new stake in shares of State Street during the 3rd quarter valued at about $201,000. Trustmark National Bank Trust Department bought a new stake in shares of State Street during the 3rd quarter valued at about $204,000. Tiemann Investment Advisors LLC bought a new stake in shares of State Street during the 3rd quarter valued at about $204,000. Finally, KLCM Advisors Inc. bought a new stake in shares of State Street during the 2nd quarter valued at about $205,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Andrew Erickson sold 354 shares of State Street stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $92.00, for a total transaction of $32,568.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joseph L. Hooley sold 25,000 shares of State Street stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $92.60, for a total transaction of $2,315,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,724 shares of company stock valued at $2,659,741. 0.71% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of State Street from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Jefferies Group reaffirmed a “hold” rating and set a $107.00 target price on shares of State Street in a research note on Tuesday, January 9th. Citigroup raised shares of State Street from a “neutral” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Wednesday, January 10th. Vining Sparks reaffirmed a “buy” rating and set a $120.00 target price on shares of State Street in a research note on Monday, January 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $114.00 target price on shares of State Street in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $101.13.

Shares of State Street Corp (NYSE STT) traded down $1.35 during midday trading on Friday, reaching $105.05. 2,504,300 shares of the company were exchanged, compared to its average volume of 1,615,617. State Street Corp has a one year low of $74.45 and a one year high of $108.50. The stock has a market cap of $39,820.00, a PE ratio of 18.17, a P/E/G ratio of 1.38 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.48 and a current ratio of 0.48.

State Street (NYSE:STT) last issued its quarterly earnings results on Monday, October 23rd. The asset manager reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. State Street had a net margin of 20.56% and a return on equity of 13.03%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the company posted $1.35 EPS. State Street’s revenue was up 7.7% on a year-over-year basis. research analysts anticipate that State Street Corp will post 6.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Tuesday, January 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.68 dividend on an annualized basis and a yield of 1.60%. State Street’s dividend payout ratio (DPR) is currently 29.07%.

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State Street Company Profile

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.

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

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