Uniplan Investment Counsel Inc. Sells 4,990 Shares of State Street Corp (STT)

Uniplan Investment Counsel Inc. decreased its position in shares of State Street Corp (NYSE:STT) by 8.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,986 shares of the asset manager’s stock after selling 4,990 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in State Street were worth $3,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of State Street by 17.3% during the 4th quarter. Parallel Advisors LLC now owns 1,012 shares of the asset manager’s stock worth $63,000 after buying an additional 149 shares in the last quarter. Strategic Wealth Partners Ltd. boosted its position in State Street by 45.6% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 514 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 161 shares in the last quarter. Anchor Capital Advisors LLC boosted its position in State Street by 2.0% during the fourth quarter. Anchor Capital Advisors LLC now owns 8,420 shares of the asset manager’s stock valued at $531,000 after purchasing an additional 169 shares in the last quarter. Quadrant Capital Group LLC boosted its position in State Street by 19.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,072 shares of the asset manager’s stock valued at $59,000 after purchasing an additional 177 shares in the last quarter. Finally, Cigna Investments Inc. New boosted its position in State Street by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 11,082 shares of the asset manager’s stock valued at $698,000 after purchasing an additional 181 shares in the last quarter. 86.78% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Hanley Ronald P. O sold 27,500 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $71.82, for a total value of $1,975,050.00. Following the completion of the transaction, the chief executive officer now directly owns 60,479 shares in the company, valued at $4,343,601.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew Erickson sold 861 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $69.45, for a total value of $59,796.45. The disclosure for this sale can be found here. In the last three months, insiders sold 74,389 shares of company stock valued at $5,300,338. Corporate insiders own 0.40% of the company’s stock.

A number of brokerages recently weighed in on STT. Deutsche Bank downgraded State Street from a “buy” rating to a “hold” rating and set a $69.95 price objective on the stock. in a research report on Thursday. Zacks Investment Research raised State Street from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. ValuEngine downgraded State Street from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods downgraded State Street from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $72.00 to $70.00 in a research report on Sunday, February 24th. Finally, Credit Suisse Group dropped their price objective on State Street from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $85.98.

Shares of NYSE STT opened at $70.10 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.16 and a beta of 1.39. State Street Corp has a fifty-two week low of $57.87 and a fifty-two week high of $108.41.

State Street (NYSE:STT) last issued its quarterly earnings results on Friday, January 18th. The asset manager reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.01. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.96 billion. State Street had a return on equity of 14.44% and a net margin of 20.05%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $1.61 earnings per share. On average, equities analysts anticipate that State Street Corp will post 6.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.68%. The ex-dividend date is Friday, March 29th. State Street’s dividend payout ratio is presently 26.04%.

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About State Street

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; 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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Want to see what other hedge funds are holding STT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State Street Corp (NYSE:STT).

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

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