Deutsche Bank AG lowered its position in State Street Corporation (NYSE:STT) by 10.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,551,488 shares of the asset manager's stock after selling 185,220 shares during the quarter. Deutsche Bank AG owned approximately 0.54% of State Street worth $138,905,000 as of its most recent SEC filing.\n\nState Street announced a quarterly dividend of $0.84 to be paid on October 14th, an increase from its previous dividend of $0.76, representing a 3.0% yield. In recent earnings, State Street reported $2.53 earnings per share, beating expectations, with revenue up 2.9% compared to the same quarter last year. The company had a net margin of 12.59% and a return on equity of 12.96%.\n\nA number of other institutional investors also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. lifted its stake in State Street by 2.0% in the first quarter. Meeder Advisory Services Inc. now owns 5,756 shares of the asset manager's stock worth $515,000 after acquiring an additional 114 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of State Street by 2.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,414 shares of the asset manager's stock worth $395,000 after buying an additional 118 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of State Street by 40.8% during the 1st quarter. Larson Financial Group LLC now owns 407 shares of the asset manager's stock worth $36,000 after buying an additional 118 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of State Street by 13.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,157 shares of the asset manager's stock worth $104,000 after buying an additional 134 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of State Street by 8.4% during the 1st quarter. UMB Bank n.a. now owns 2,272 shares of the asset manager's stock worth $203,000 after buying an additional 176 shares during the last quarter.\n\nHedge funds and other institutional investors own 87.44% of the company's stock. 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.\n\nState Street (STT) last announced its quarterly earnings data on Tuesday, July 15th. The asset manager reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.17. The company had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the company posted $2.15 EPS. On average, sell-side analysts predict that State Street Corporation will post 9.68 earnings per share for the current year.\n\nThe company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Wednesday, October 1st will be paid a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.36 annualized dividend and a yield of 3.0%. This is an increase from State Street's previous quarterly dividend of $0.76. State Street's dividend payout ratio is presently 34.04%.\n\nIn other State Street news, EVP sold 990 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.29, for a total value of $108,197.10. Following the transaction, the executive vice president directly owned 41,332 shares of the company's stock, valued at approximately $4,517,174.28. The trade was a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through.\n\nAnalyst Ratings Changes: Bank of America boosted their price objective on shares of State Street from $106.00 to $109.00 and gave the stock an 'underperform' rating in a research report on Wednesday, July 16th. Barclays reduced their price objective on shares of State Street from $127.00 to $120.00 and set an 'overweight' rating for the company in a research report on Monday, April 21st. Evercore ISI boosted their price objective on shares of State Street from $102.00 to $115.00 and gave the stock an 'outperform' rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of State Street from $118.00 to $113.00 and set an 'outperform' rating for the company in a research report on Monday, April 21st. Finally, Wells Fargo & Company boosted their price objective on shares of State Street from $113.00 to $121.00 and gave the stock an 'overweight' rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of 'Hold' and a consensus target price of $112.00.\n\nState Street shares opened at $111.28 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $31.57 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.23 and a beta of 1.48. The company's fifty day moving average is $105.47 and its two-hundred day moving average is $96.62. State Street (STT) has a 1 year low of $72.81 and a 1 year high of $114.28.

Deutsche Bank AG Decreases Stake in State Street Corporation (NYSE:STT)

Deutsche Bank AG reduced its stake in State Street Corporation by 10.7% in the first quarter, selling 185,220 shares and now holding 1,551,488 shares worth approximately $138.9 million, representing 0.54% of the company's equity. State Street announced a quarterly dividend of $0.84, increasing its yield to 3.0%, with an annualized dividend of $3.36. The company reported strong earnings per share of $2.53, exceeding expectations, and revenue of $3.47 billion, up 2.9% year-over-year. Other institutional investors such as Meeder Advisory Services, Sequoia Financial Advisors, Larson Financial Group, MassMutual Private Wealth & Trust FSB, and UMB Bank n.a. increased their holdings during the quarter. Additionally, an executive vice president sold 990 shares at $109.29, reducing their position by 2.34%. Analyst ratings were updated, with Bank of America, Evercore ISI, and Wells Fargo raising price targets and maintaining or adjusting ratings, while Barclays lowered its target. State Street has a market cap of $31.57 billion, a P/E ratio of 12.46, and a dividend payout ratio of 34.04%.