Compton Capital Management Inc. RI Sold 185 Shares of State Street Corp (STT)

Compton Capital Management Inc. RI Sold 185 Shares of State Street Corp (STT)

Compton Capital Management Inc. RI decreased its stake in State Street Corp (NYSE:STT) by 3.5% during the first quarter, Holdings Channel reports. The firm owned 5,140 shares of the asset manager’s stock after selling 185 shares during the period. Compton Capital Management Inc. RI’s holdings in State Street Corp were worth $409,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gardiner Nancy B purchased a new position in State Street Corp during the third quarter valued at approximately $325,000. Covington Capital Management raised its position in State Street Corp by 8.4% in the third quarter. Covington Capital Management now owns 10,984 shares of the asset manager’s stock valued at $765,000 after buying an additional 855 shares during the period. Sawtooth Solutions LLC purchased a new position in State Street Corp during the third quarter valued at approximately $228,000. Credit Suisse AG raised its position in State Street Corp by 20.5% in the third quarter. Credit Suisse AG now owns 875,955 shares of the asset manager’s stock valued at $60,993,000 after buying an additional 149,222 shares during the period. Finally, Pioneer Investment Management Inc. raised its position in State Street Corp by 4.6% in the third quarter. Pioneer Investment Management Inc. now owns 657,326 shares of the asset manager’s stock valued at $45,770,000 after buying an additional 29,158 shares during the period. 85.06% of the stock is currently owned by institutional investors.

Shares of State Street Corp (STT) opened at 82.68 on Friday. The stock has a market capitalization of $31.11 billion, a P/E ratio of 15.47 and a beta of 1.40. The company has a 50 day moving average price of $81.76 and a 200-day moving average price of $79.76. State Street Corp has a 1-year low of $50.60 and a 1-year high of $85.38.

State Street Corp (NYSE:STT) last announced its quarterly earnings results on Wednesday, April 26th. The asset manager reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.75 billion. State Street Corp had a return on equity of 12.13% and a net margin of 20.16%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities research analysts forecast that State Street Corp will post $5.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Monday, July 3rd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, June 29th. State Street Corp’s dividend payout ratio is currently 30.52%.

Several research analysts have commented on the company. Goldman Sachs Group Inc lifted their price target on State Street Corp from $88.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Keefe, Bruyette & Woods set a $88.00 price target on State Street Corp and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Bank of America Corp reaffirmed a “neutral” rating and set a $88.00 price target on shares of State Street Corp in a research report on Friday, May 26th. Evercore ISI lowered State Street Corp from a “hold” rating to an “underperform” rating and set a $82.00 price target on the stock. in a research report on Friday, March 3rd. Finally, Deutsche Bank AG cut their price target on State Street Corp from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, April 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $84.86.

In related news, EVP Karen C. Keenan sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $78.56, for a total value of $78,560.00. Following the sale, the executive vice president now directly owns 60,934 shares in the company, valued at approximately $4,786,975.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider George E. Sullivan sold 2,718 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $81.81, for a total value of $222,359.58. Following the completion of the sale, the insider now owns 73,090 shares in the company, valued at $5,979,492.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,747 shares of company stock worth $469,852. 0.64% of the stock is owned by insiders.

State Street Corp Company Profile

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “STT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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