apricus wealth LLC Has $4.04 Million Stock Holdings in State Street Co. (NYSE:STT)

apricus wealth LLC reduced its holdings in State Street Co. (NYSE:STT) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 41,117 shares of the asset manager’s stock after selling 735 shares during the quarter. State Street makes up approximately 2.6% of apricus wealth LLC’s portfolio, making the stock its 7th biggest position. apricus wealth LLC’s holdings in State Street were worth $4,036,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of STT. Albion Financial Group UT acquired a new position in State Street in the fourth quarter worth $25,000. Coastline Trust Co bought a new position in shares of State Street in the third quarter valued at about $44,000. Friedenthal Financial acquired a new position in State Street during the 4th quarter worth about $49,000. Capital Performance Advisors LLP bought a new stake in State Street during the 3rd quarter worth about $54,000. Finally, Versant Capital Management Inc increased its position in State Street by 37.0% in the 4th quarter. Versant Capital Management Inc now owns 730 shares of the asset manager’s stock valued at $72,000 after acquiring an additional 197 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

State Street Stock Up 1.6 %

Shares of STT stock opened at $99.09 on Friday. The firm’s fifty day moving average price is $97.93 and its two-hundred day moving average price is $90.18. State Street Co. has a 1 year low of $70.20 and a 1 year high of $101.91. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $29.05 billion, a P/E ratio of 12.03, a PEG ratio of 1.11 and a beta of 1.43.

State Street (NYSE:STT) last announced its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.31. State Street had a return on equity of 12.60% and a net margin of 12.14%. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3,267,560 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that State Street Co. will post 9.43 EPS for the current fiscal year.

State Street Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, January 2nd. State Street’s dividend payout ratio (DPR) is currently 36.89%.

Insiders Place Their Bets

In related news, EVP Kathryn M. Horgan sold 12,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $97.97, for a total value of $1,224,625.00. Following the completion of the transaction, the executive vice president now owns 111,042 shares of the company’s stock, valued at $10,878,784.74. This represents a 10.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on STT. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $103.00 price objective (down from $104.00) on shares of State Street in a research report on Wednesday. Truist Financial lowered their target price on shares of State Street from $106.00 to $104.00 and set a “hold” rating for the company in a report on Tuesday. Morgan Stanley dropped their target price on shares of State Street from $139.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Barclays boosted their target price on State Street from $108.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Evercore ISI increased their price target on shares of State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, State Street has an average rating of “Hold” and a consensus price target of $100.73.

State Street Company 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.