Quantbot Technologies LP Increases Holdings in State Street Co. (NYSE:STT)

Quantbot Technologies LP boosted its stake in State Street Co. (NYSE:STTFree Report) by 83.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,561 shares of the asset manager’s stock after purchasing an additional 18,051 shares during the quarter. Quantbot Technologies LP’s holdings in State Street were worth $3,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of STT. Price T Rowe Associates Inc. MD boosted its holdings in State Street by 22.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 576,333 shares of the asset manager’s stock valued at $44,563,000 after purchasing an additional 105,710 shares during the period. Tidal Investments LLC grew its position in State Street by 6.7% during the first quarter. Tidal Investments LLC now owns 7,135 shares of the asset manager’s stock worth $552,000 after buying an additional 448 shares in the last quarter. Comerica Bank increased its stake in State Street by 51.2% in the 1st quarter. Comerica Bank now owns 151,865 shares of the asset manager’s stock worth $11,742,000 after acquiring an additional 51,404 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of State Street by 19.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 3,990 shares of the asset manager’s stock valued at $309,000 after acquiring an additional 640 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of State Street during the first quarter worth about $300,000. 87.44% of the stock is currently owned by institutional investors.

Insider Activity at State Street

In related news, EVP Kathryn M. Horgan sold 12,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the sale, the executive vice president now owns 111,042 shares in the company, valued at approximately $10,878,784.74. This represents a 10.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John Plansky sold 13,859 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $91.32, for a total value of $1,265,603.88. Following the completion of the sale, the executive vice president now owns 55,108 shares of the company’s stock, valued at approximately $5,032,462.56. This represents a 20.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,460 shares of company stock valued at $2,499,860 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

State Street Stock Down 0.0 %

STT opened at $98.79 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $28.96 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46. State Street Co. has a 52 week low of $69.58 and a 52 week high of $99.50. The firm has a 50-day simple moving average of $92.03 and a two-hundred day simple moving average of $83.43.

State Street (NYSE:STTGet Free Report) last released its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.14. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 EPS. Analysts forecast that State Street Co. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on STT. Deutsche Bank Aktiengesellschaft lifted their target price on shares of State Street from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on State Street from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on State Street from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Evercore ISI boosted their price target on shares of State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, StockNews.com lowered State Street from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.11.

Get Our Latest Research Report on STT

State Street Company Profile

(Free Report)

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.

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

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