Nomura Holdings Inc. Purchases Shares of 6,222 State Street Co. (NYSE:STT)

Nomura Holdings Inc. acquired a new position in shares of State Street Co. (NYSE:STT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,222 shares of the asset manager’s stock, valued at approximately $482,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its holdings in State Street by 4.1% during the 3rd quarter. Northern Trust Corp now owns 4,624,813 shares of the asset manager’s stock worth $309,677,000 after purchasing an additional 180,093 shares during the last quarter. LSV Asset Management raised its stake in State Street by 0.7% during the fourth quarter. LSV Asset Management now owns 3,658,731 shares of the asset manager’s stock worth $283,405,000 after buying an additional 23,756 shares during the last quarter. Metropolis Capital Ltd lifted its holdings in State Street by 18.4% in the fourth quarter. Metropolis Capital Ltd now owns 3,462,044 shares of the asset manager’s stock valued at $268,170,000 after buying an additional 537,431 shares during the period. Dimensional Fund Advisors LP lifted its holdings in State Street by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,597,783 shares of the asset manager’s stock valued at $201,243,000 after buying an additional 79,746 shares during the period. Finally, Putnam Investments LLC boosted its position in State Street by 5.8% during the fourth quarter. Putnam Investments LLC now owns 2,343,254 shares of the asset manager’s stock valued at $181,508,000 after acquiring an additional 129,493 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

State Street Price Performance

STT stock opened at $72.19 on Friday. The company has a market capitalization of $21.75 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. State Street Co. has a 52-week low of $62.78 and a 52-week high of $79.90. The business has a 50-day simple moving average of $74.35 and a two-hundred day simple moving average of $74.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.61 and a current ratio of 0.61.

State Street (NYSE:STT) last announced its quarterly earnings results on Friday, April 12th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.21. State Street had a return on equity of 12.03% and a net margin of 9.62%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.06 billion. Research analysts expect that State Street Co. will post 7.94 EPS for the current fiscal year.

State Street Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Monday, July 1st will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, July 1st. State Street’s payout ratio is currently 51.69%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on STT shares. Argus boosted their price objective on State Street from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Evercore ISI boosted their price target on State Street from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised their price objective on shares of State Street from $79.50 to $80.50 in a research report on Friday, April 12th. UBS Group lifted their price objective on shares of State Street from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $90.00 target price on shares of State Street in a research note on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $84.04.

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.