CHICAGO TRUST Co NA Has $594,000 Stock Holdings in State Street Co. (NYSE:STT)

CHICAGO TRUST Co NA trimmed its position in State Street Co. (NYSE:STT) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,049 shares of the asset manager’s stock after selling 363 shares during the quarter. CHICAGO TRUST Co NA’s holdings in State Street were worth $594,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of STT. Brookstone Capital Management lifted its position in shares of State Street by 11.0% in the fourth quarter. Brookstone Capital Management now owns 7,196 shares of the asset manager’s stock valued at $706,000 after buying an additional 712 shares during the last quarter. Czech National Bank lifted its holdings 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 last quarter. Graypoint LLC bought a new position in State Street during the fourth quarter worth $203,000. ST Germain D J Co. Inc. raised its position 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 valued at $282,000 after purchasing an additional 180 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of State Street by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,321 shares of the asset manager’s stock worth $2,878,000 after buying an additional 535 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com lowered shares of State Street from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays increased their target price on State Street from $108.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on State Street from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upgraded State Street from an “underweight” rating to a “neutral” rating and set a $95.00 price objective on the stock in a research report on Friday, December 20th. Finally, The Goldman Sachs Group boosted their target price on shares of State Street from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, State Street currently has an average rating of “Hold” and an average price target of $100.33.

State Street Trading Up 0.6 %

Shares of STT stock opened at $94.46 on Tuesday. State Street Co. has a fifty-two week low of $70.20 and a fifty-two week high of $101.91. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s fifty day moving average price is $97.46 and its two-hundred day moving average price is $89.05. The company has a market cap of $27.69 billion, a PE ratio of 14.92, a P/E/G ratio of 1.24 and a beta of 1.43.

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

State Street Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Thursday, January 2nd. State Street’s dividend payout ratio (DPR) is currently 48.03%.

Insider Activity

In related news, EVP John Plansky sold 13,859 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 55,108 shares of the company’s stock, valued at $5,032,462.56. The trade was a 20.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn M. Horgan sold 12,500 shares of the firm’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 transaction, the executive vice president now directly owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. This represents a 10.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,460 shares of company stock valued at $2,499,860 over the last quarter. 0.31% of the stock is owned by company insiders.

About State Street

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.