Hudson Edge Investment Partners Inc. Has $7.46 Million Stock Position in State Street Co. (NYSE:STT)

Hudson Edge Investment Partners Inc. lifted its holdings in State Street Co. (NYSE:STT) by 1.9% in the 4th quarter, HoldingsChannel reports. The firm owned 75,960 shares of the asset manager’s stock after purchasing an additional 1,380 shares during the quarter. State Street makes up 1.4% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 9th largest holding. Hudson Edge Investment Partners Inc.’s holdings in State Street were worth $7,455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Albion Financial Group UT bought a new position in shares of State Street in the fourth quarter worth $25,000. Y.D. More Investments Ltd grew its stake in shares of State Street by 116.6% in the fourth quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager’s stock worth $36,000 after purchasing an additional 197 shares in the last quarter. Coastline Trust Co bought a new position in State Street during the third quarter valued at about $44,000. Friedenthal Financial bought a new position in State Street during the fourth quarter valued at about $49,000. Finally, Hager Investment Management Services LLC bought a new position in State Street during the fourth quarter valued at about $56,000. Institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kathryn M. Horgan sold 12,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the completion of the sale, the executive vice president now directly owns 111,042 shares of the company’s stock, valued at $10,878,784.74. This trade represents a 10.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Fogarty sold 3,705 shares of the firm’s 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 sale, the executive vice president now directly owns 50,816 shares of the company’s stock, valued at $5,054,667.52. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,020 shares of company stock valued at $2,674,661. Corporate insiders own 0.31% of the company’s stock.

State Street Trading Down 0.9 %

Shares of NYSE STT opened at $98.74 on Friday. The business has a fifty day simple moving average of $98.55 and a 200-day simple moving average of $92.79. The company has a market cap of $28.48 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.11 and a beta of 1.43. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03. State Street Co. has a 12 month low of $70.20 and a 12 month high of $103.00.

State Street (NYSE:STT) last announced its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.31. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.27 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.04 EPS. Sell-side analysts predict that State Street Co. will post 9.68 EPS for the current year.

State Street Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.08%. The ex-dividend date is Tuesday, April 1st. State Street’s dividend payout ratio is currently 36.89%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on STT shares. Wolfe Research raised State Street from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 27th. StockNews.com cut State Street from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Morgan Stanley decreased their target price on State Street from $139.00 to $132.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Barclays raised their target price on State Street from $108.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised State Street from a “market perform” rating to an “outperform” rating and raised their target price for the company from $105.00 to $120.00 in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.73.

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.