Neville Rodie & Shaw Inc. Purchases 14,000 Shares of State Street Co. (NYSE:STT)

Neville Rodie & Shaw Inc. lifted its position in shares of State Street Co. (NYSE:STT) by 337.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,150 shares of the asset manager’s stock after buying an additional 14,000 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in State Street were worth $1,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of State Street during the second quarter valued at approximately $27,000. Coastline Trust Co bought a new stake in shares of State Street during the third quarter valued at approximately $44,000. Capital Performance Advisors LLP bought a new stake in shares of State Street during the third quarter valued at approximately $54,000. Versant Capital Management Inc increased its position in shares of State Street by 37.0% during the fourth quarter. Versant Capital Management Inc now owns 730 shares of the asset manager’s stock valued at $72,000 after acquiring an additional 197 shares in the last quarter. Finally, Tobam bought a new stake in shares of State Street during the third quarter valued at approximately $77,000. Institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling at State Street

In other news, EVP Kathryn M. Horgan sold 12,500 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $97.97, for a total value of $1,224,625.00. Following the completion of the transaction, the executive vice president now directly owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. The trade was a 10.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Plansky sold 13,859 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $91.32, for a total value of $1,265,603.88. Following the transaction, the executive vice president now directly owns 55,108 shares in the company, valued at $5,032,462.56. This represents a 20.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,460 shares of company stock valued at $2,499,860 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on STT. Keefe, Bruyette & Woods raised shares of State Street from a “market perform” rating to an “outperform” rating and raised their price target for the company from $105.00 to $120.00 in a research report on Tuesday, December 3rd. Barclays raised their target price on shares of State Street from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley dropped their target price on shares of State Street from $139.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday. StockNews.com cut shares of State Street from a “buy” rating to a “hold” rating in a report on Friday, December 27th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of State Street from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.57.

State Street Price Performance

NYSE STT traded up $2.14 on Monday, reaching $99.81. The company had a trading volume of 353,078 shares, compared to its average volume of 1,105,682. The stock has a market capitalization of $29.26 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. The firm’s 50 day moving average price is $96.99 and its 200 day moving average price is $88.04. State Street Co. has a 12 month low of $70.20 and a 12 month high of $101.91. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.91.

State Street (NYSE:STT) last released its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $2.12 by $0.14. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. State Street’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $1.93 EPS. As a group, equities analysts predict that State Street Co. will post 8.42 earnings per share for the current year.

State Street Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, January 2nd. State Street’s dividend payout ratio (DPR) is presently 48.03%.

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.