Ontario Teachers Pension Plan Board Cuts Stake in State Street Corporation (STT), Report finds

Ontario Teachers Pension Plan Board Cuts Stake in State Street Corporation (STT), Report finds

Ontario Teachers Pension Plan Board lowered its position in State Street Corporation (NYSE:STT) by 45.6% during the third quarter, Holdings Channel reports. The firm owned 19,379 shares of the company’s stock after selling 16,251 shares during the period. Ontario Teachers Pension Plan Board’s holdings in State Street Corporation were worth $1,349,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of STT. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of State Street Corporation by 0.8% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 5,016,172 shares of the company’s stock worth $270,472,000 after buying an additional 42,105 shares during the period. BlackRock Fund Advisors boosted its stake in shares of State Street Corporation by 0.4% in the third quarter. BlackRock Fund Advisors now owns 4,472,744 shares of the company’s stock worth $311,437,000 after buying an additional 19,993 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of State Street Corporation during the second quarter worth $223,563,000. Boston Partners boosted its stake in shares of State Street Corporation by 3.4% in the third quarter. Boston Partners now owns 3,057,719 shares of the company’s stock worth $212,909,000 after buying an additional 101,664 shares during the period. Finally, Evercore Trust Company N.A. acquired a new stake in shares of State Street Corporation during the second quarter worth $152,044,000. 87.00% of the stock is currently owned by institutional investors.

Shares of State Street Corporation (NYSE:STT) traded down 0.19% during trading on Wednesday, reaching $77.35. 2,589,475 shares of the company were exchanged. State Street Corporation has a 52-week low of $50.60 and a 52-week high of $83.49. The stock has a 50-day moving average of $79.02 and a 200 day moving average of $73.58. The stock has a market capitalization of $29.54 billion, a P/E ratio of 15.56 and a beta of 1.40.

State Street Corporation (NYSE:STT) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.16. The company earned $2.50 billion during the quarter, compared to analysts’ expectations of $2.78 billion. State Street Corporation had a return on equity of 12.13% and a net margin of 20.16%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. On average, equities analysts anticipate that State Street Corporation will post $5.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 18th. Shareholders of record on Tuesday, January 3rd were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. State Street Corporation’s payout ratio is presently 30.52%.

STT has been the topic of a number of research reports. Zacks Investment Research raised shares of State Street Corporation from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, January 3rd. Jefferies Group LLC reissued a “buy” rating and set a $81.00 target price on shares of State Street Corporation in a report on Tuesday, November 1st. Goldman Sachs Group, Inc. (The) raised shares of State Street Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, January 4th. Morgan Stanley raised shares of State Street Corporation from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $64.00 to $84.00 in a report on Monday, November 14th. Finally, Barclays PLC increased their target price on shares of State Street Corporation from $77.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $77.33.

In other State Street Corporation news, EVP Karen C. Keenan sold 1,000 shares of State Street Corporation stock in a transaction on Friday, January 20th. The stock was sold at an average price of $79.12, for a total transaction of $79,120.00. Following the completion of the transaction, the executive vice president now directly owns 46,229 shares of the company’s stock, valued at $3,657,638.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey N. Carp sold 2,926 shares of State Street Corporation stock in a transaction on Monday, November 14th. The shares were sold at an average price of $77.38, for a total value of $226,413.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,980 shares of company stock valued at $309,723. Company insiders own 0.64% of the company’s stock.

State Street Corporation Company Profile

State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world.

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 Corporation (NYSE:STT).

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Ontario Teachers Pension Plan Board Cuts Stake in State Street Corporation (STT)

Ontario Teachers Pension Plan Board Cuts Stake in State Street Corporation (STT)

Ontario Teachers Pension Plan Board lowered its position in State Street Corporation (NYSE:STT) by 45.6% during the third quarter, Holdings Channel reports. The firm owned 19,379 shares of the company’s stock after selling 16,251 shares during the period. Ontario Teachers Pension Plan Board’s holdings in State Street Corporation were worth $1,349,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of STT. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of State Street Corporation by 0.8% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 5,016,172 shares of the company’s stock worth $270,472,000 after buying an additional 42,105 shares during the period. BlackRock Fund Advisors boosted its stake in shares of State Street Corporation by 0.4% in the third quarter. BlackRock Fund Advisors now owns 4,472,744 shares of the company’s stock worth $311,437,000 after buying an additional 19,993 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of State Street Corporation during the second quarter worth $223,563,000. Boston Partners boosted its stake in shares of State Street Corporation by 3.4% in the third quarter. Boston Partners now owns 3,057,719 shares of the company’s stock worth $212,909,000 after buying an additional 101,664 shares during the period. Finally, Evercore Trust Company N.A. acquired a new stake in shares of State Street Corporation during the second quarter worth $152,044,000. 87.00% of the stock is currently owned by institutional investors.

Shares of State Street Corporation (NYSE:STT) traded down 0.19% during trading on Wednesday, reaching $77.35. 2,589,475 shares of the company were exchanged. State Street Corporation has a 52-week low of $50.60 and a 52-week high of $83.49. The stock has a 50-day moving average of $79.02 and a 200 day moving average of $73.58. The stock has a market capitalization of $29.54 billion, a P/E ratio of 15.56 and a beta of 1.40.

State Street Corporation (NYSE:STT) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.16. The company earned $2.50 billion during the quarter, compared to analysts’ expectations of $2.78 billion. State Street Corporation had a return on equity of 12.13% and a net margin of 20.16%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. On average, equities analysts anticipate that State Street Corporation will post $5.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 18th. Shareholders of record on Tuesday, January 3rd were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. State Street Corporation’s payout ratio is presently 30.52%.

STT has been the topic of a number of research reports. Zacks Investment Research raised shares of State Street Corporation from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, January 3rd. Jefferies Group LLC reissued a “buy” rating and set a $81.00 target price on shares of State Street Corporation in a report on Tuesday, November 1st. Goldman Sachs Group, Inc. (The) raised shares of State Street Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, January 4th. Morgan Stanley raised shares of State Street Corporation from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $64.00 to $84.00 in a report on Monday, November 14th. Finally, Barclays PLC increased their target price on shares of State Street Corporation from $77.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $77.33.

In other State Street Corporation news, EVP Karen C. Keenan sold 1,000 shares of State Street Corporation stock in a transaction on Friday, January 20th. The stock was sold at an average price of $79.12, for a total transaction of $79,120.00. Following the completion of the transaction, the executive vice president now directly owns 46,229 shares of the company’s stock, valued at $3,657,638.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey N. Carp sold 2,926 shares of State Street Corporation stock in a transaction on Monday, November 14th. The shares were sold at an average price of $77.38, for a total value of $226,413.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,980 shares of company stock valued at $309,723. Company insiders own 0.64% of the company’s stock.

State Street Corporation Company Profile

State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world.

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 Corporation (NYSE:STT).

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