Elo Mutual Pension Insurance Co Purchases 4,561 Shares of State Street Co. (NYSE:STT) (2025)

Elo Mutual Pension Insurance Co boosted its stake in State Street Co. (NYSE:STT - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,178 shares of the asset manager's stock after acquiring an additional 4,561 shares during the period. Elo Mutual Pension Insurance Co's holdings in State Street were worth $3,060,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of State Street by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,169,070 shares of the asset manager's stock valued at $632,111,000 after purchasing an additional 41,442 shares in the last quarter. FMR LLC lifted its holdings in State Street by 15.8% in the third quarter. FMR LLC now owns 6,112,758 shares of the asset manager's stock worth $540,796,000 after buying an additional 833,679 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in State Street by 30.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,811,415 shares of the asset manager's stock valued at $514,136,000 after acquiring an additional 1,354,560 shares in the last quarter. Amundi grew its holdings in shares of State Street by 11.1% during the 4th quarter. Amundi now owns 5,602,547 shares of the asset manager's stock worth $547,636,000 after acquiring an additional 561,773 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of State Street by 13.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,366,549 shares of the asset manager's stock worth $306,116,000 after acquiring an additional 408,792 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on STT. Morgan Stanley dropped their price target on State Street from $142.00 to $139.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Truist Financial reduced their target price on shares of State Street from $106.00 to $104.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. Barclays lifted their price target on shares of State Street from $108.00 to $127.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Evercore ISI cut their price objective on shares of State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, Citigroup lowered their target price on shares of State Street from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $102.53.

Check Out Our Latest Research Report on STT

State Street Stock Performance

Shares of NYSE STT traded up $0.50 during midday trading on Wednesday, hitting $89.32. 253,913 shares of the stock traded hands, compared to its average volume of 2,046,385. The firm has a market capitalization of $25.77 billion, a P/E ratio of 10.83, a PEG ratio of 1.11 and a beta of 1.44. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50-day moving average of $94.99 and a two-hundred day moving average of $94.65. State Street Co. has a one year low of $70.20 and a one year high of $103.00.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.31. The business had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.27 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. The company's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.04 EPS. On average, equities analysts forecast that State Street Co. will post 9.68 EPS for the current fiscal year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, April 1st. State Street's payout ratio is 36.89%.

Insider Activity

In other State Street news, Director Gregory L. Summe sold 10,815 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the completion of the transaction, the director now owns 100,023 shares in the company, valued at $10,002,300. This trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Fogarty sold 3,705 shares of State Street stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.47, for a total value of $368,536.35. Following the completion of the transaction, the executive vice president now owns 50,816 shares of the company's stock, valued at approximately $5,054,667.52. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.31% of the company's stock.

State Street Company Profile

(Free Report)

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.

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