Cooke & Bieler LP increased its stake in State Street Corp. (NYSE:STT) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,138,441 shares of the company’s stock after buying an additional 3,552 shares during the period. State Street Corp. makes up 2.6% of Cooke & Bieler LP’s investment portfolio, making the stock its 4th largest position. Cooke & Bieler LP owned 0.55% of State Street Corp. worth $115,305,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of STT. Babson Capital Management LLC raised its position in State Street Corp. by 39.7% in the first quarter. Babson Capital Management LLC now owns 21,461 shares of the company’s stock valued at $1,256,000 after buying an additional 6,100 shares in the last quarter. Envestnet Asset Management Inc. raised its position in State Street Corp. by 2.6% in the first quarter. Envestnet Asset Management Inc. now owns 61,370 shares of the company’s stock valued at $3,591,000 after buying an additional 1,541 shares in the last quarter. Legal & General Group Plc raised its position in State Street Corp. by 4.6% in the first quarter. Legal & General Group Plc now owns 1,839,918 shares of the company’s stock valued at $107,671,000 after buying an additional 81,262 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in State Street Corp. during the first quarter valued at about $5,197,000. Finally, National Pension Service raised its position in State Street Corp. by 4.1% in the first quarter. National Pension Service now owns 240,671 shares of the company’s stock valued at $14,084,000 after buying an additional 9,566 shares in the last quarter. 85.98% of the stock is owned by hedge funds and other institutional investors.

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

State Street Corp. (NYSE:STT) traded down 0.55% during midday trading on Monday, reaching $68.63. The company’s stock had a trading volume of 1,442,098 shares. State Street Corp. has a one year low of $50.60 and a one year high of $75.40. The firm has a market cap of $26.77 billion, a P/E ratio of 14.00 and a beta of 1.52. The firm has a 50 day moving average price of $70.26 and a 200 day moving average price of $63.06.

State Street Corp. (NYSE:STT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.20. State Street Corp. had a net margin of 20.19% and a return on equity of 11.22%. The firm earned $2.57 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts forecast that State Street Corp. will post $0.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.38 per share. This is an increase from State Street Corp.’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.21%. State Street Corp.’s payout ratio is presently 30.89%.

Several equities analysts have recently issued reports on STT shares. Buckingham Research reaffirmed a “buy” rating on shares of State Street Corp. in a report on Tuesday, June 21st. Credit Suisse Group AG reaffirmed a “hold” rating on shares of State Street Corp. in a report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of State Street Corp. in a report on Wednesday, July 6th. Barclays PLC reaffirmed a “buy” rating on shares of State Street Corp. in a report on Saturday, July 9th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of State Street Corp. in a report on Sunday, July 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. State Street Corp. has a consensus rating of “Hold” and an average target price of $70.42.

In other news, EVP Karen C. Keenan sold 7,500 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $65.00, for a total transaction of $487,500.00. Following the completion of the sale, the executive vice president now owns 58,383 shares of the company’s stock, valued at approximately $3,794,895. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Karen C. Keenan sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $57.51, for a total transaction of $57,510.00. Following the sale, the executive vice president now directly owns 65,883 shares of the company’s stock, valued at approximately $3,788,931.33. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

State Street Corp. 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.

5 Day Chart for NYSE:STT

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