Deutsche Bank AG Has $170.46 Million Stock Holdings in State Street Co. (NYSE:STT)

Deutsche Bank AG raised its holdings in State Street Co. (NYSE:STT) by 2.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,736,708 shares of the asset manager’s stock after acquiring an additional 48,464 shares during the quarter. Deutsche Bank AG’s holdings in State Street were worth $170,458,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Principal Financial Group Inc. raised its position in State Street by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 346,252 shares of the asset manager’s stock worth $30,633,000 after purchasing an additional 4,052 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of State Street by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,321 shares of the asset manager’s stock worth $2,878,000 after acquiring an additional 535 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of State Street by 6.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 2,869 shares of the asset manager’s stock worth $282,000 after acquiring an additional 180 shares during the period. Graypoint LLC bought a new stake in State Street in the fourth quarter valued at approximately $203,000. Finally, Czech National Bank increased its position in State Street by 4.5% during the 4th quarter. Czech National Bank now owns 63,561 shares of the asset manager’s stock valued at $6,239,000 after purchasing an additional 2,729 shares during the period. Institutional investors own 87.44% of the company’s stock.

State Street Stock Down 0.3 %

Shares of NYSE STT opened at $93.81 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56. The company has a 50-day moving average price of $86.36 and a 200-day moving average price of $93.61. The stock has a market capitalization of $26.75 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.11 and a beta of 1.42. State Street Co. has a 1 year low of $70.20 and a 1 year high of $103.00.

State Street (NYSE:STT) last issued its quarterly earnings data on Thursday, April 17th. The asset manager reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.06. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.30 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. During the same period in the previous year, the company posted $1.69 EPS. On average, equities research analysts forecast that State Street Co. will post 9.68 EPS for the current fiscal year.

State Street Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, April 1st. State Street’s payout ratio is currently 34.12%.

Insider Buying and Selling at State Street

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $90.72, for a total transaction of $117,936.00. Following the transaction, the chief accounting officer now directly owns 7,354 shares of the company’s stock, valued at $667,154.88. This trade represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory L. Summe sold 10,815 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the completion of the sale, the director now directly owns 100,023 shares of the company’s stock, valued at $10,002,300. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,820 shares of company stock worth $1,567,972. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of State Street from $98.00 to $99.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 2nd. StockNews.com cut shares of State Street from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Barclays lowered their price objective on State Street from $127.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Evercore ISI cut their target price on State Street from $109.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group set a $98.00 target price on State Street and gave the stock a “buy” rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $102.15.

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.