Janus Henderson Group PLC reduced its position in shares of State Street Corp (NYSE:STT) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 459,638 shares of the asset manager’s stock after selling 84,269 shares during the period. Janus Henderson Group PLC owned 0.12% of State Street worth $43,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STT. Raymond James Trust N.A. raised its position in State Street by 26.5% in the third quarter. Raymond James Trust N.A. now owns 4,112 shares of the asset manager’s stock worth $393,000 after acquiring an additional 862 shares during the period. Commonwealth Bank of Australia raised its position in State Street by 5.8% in the second quarter. Commonwealth Bank of Australia now owns 61,202 shares of the asset manager’s stock worth $5,490,000 after acquiring an additional 3,365 shares during the period. Delta Lloyd Asset Management N.V. bought a new stake in State Street in the second quarter worth about $4,730,000. Boston Advisors LLC bought a new stake in State Street in the third quarter worth about $13,279,000. Finally, Todd Asset Management LLC raised its position in State Street by 84.0% in the third quarter. Todd Asset Management LLC now owns 399,013 shares of the asset manager’s stock worth $38,122,000 after acquiring an additional 182,164 shares during the period. 88.12% of the stock is currently owned by institutional investors.

State Street Corp (NYSE STT) opened at $98.21 on Tuesday. The company has a market cap of $36,538.54, a P/E ratio of 16.23, a P/E/G ratio of 1.68 and a beta of 1.35. State Street Corp has a 12 month low of $74.45 and a 12 month high of $100.90. 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 data on Monday, October 23rd. The asset manager reported $1.71 EPS for the quarter, beating the consensus estimate of $1.61 by $0.10. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. State Street had a net margin of 20.56% and a return on equity of 13.03%. State Street’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share. equities analysts forecast that State Street Corp will post 6.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.68 annualized dividend and a yield of 1.71%. State Street’s dividend payout ratio is currently 29.12%.

In related news, insider Andrew Erickson sold 354 shares of the business’s stock in a transaction that occurred on 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 accessible through this link. Also, Chairman Joseph L. Hooley sold 25,000 shares of the business’s stock in a transaction that occurred on 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. In the last ninety days, insiders have sold 28,724 shares of company stock valued at $2,659,741. 0.71% of the stock is owned by corporate insiders.

STT has been the topic of several research reports. Zacks Investment Research lowered shares of State Street from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley boosted their price target on shares of State Street from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Keefe, Bruyette & Woods set a $93.00 price target on shares of State Street and gave the company a “hold” rating in a research report on Monday, August 28th. Finally, Royal Bank of Canada lowered their price target on shares of State Street from $104.00 to $95.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $97.60.

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State Street 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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