American Capital Advisory LLC Lowers Stock Position in State Street Co. (NYSE:STT)

American Capital Advisory LLC cut its position in shares of State Street Co. (NYSE:STT) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,557 shares of the asset manager’s stock after selling 2,381 shares during the quarter. State Street makes up about 1.2% of American Capital Advisory LLC’s holdings, making the stock its 19th biggest position. American Capital Advisory LLC’s holdings in State Street were worth $2,084,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in STT. Capital International Investors increased its holdings in State Street by 0.5% during the first quarter. Capital International Investors now owns 6,626,753 shares of the asset manager’s stock worth $512,381,000 after buying an additional 31,314 shares during the last quarter. LSV Asset Management raised its holdings in shares of State Street by 30.6% in the 2nd quarter. LSV Asset Management now owns 5,282,386 shares of the asset manager’s stock worth $390,897,000 after purchasing an additional 1,238,251 shares during the period. Metropolis Capital Ltd lifted its stake in State Street by 3.9% in the third quarter. Metropolis Capital Ltd now owns 4,286,306 shares of the asset manager’s stock valued at $379,209,000 after purchasing an additional 161,466 shares during the last quarter. Cooke & Bieler LP grew its holdings in State Street by 3.1% during the second quarter. Cooke & Bieler LP now owns 3,551,282 shares of the asset manager’s stock valued at $262,795,000 after purchasing an additional 105,222 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in State Street by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,033,544 shares of the asset manager’s stock valued at $224,466,000 after purchasing an additional 259,729 shares during the period. 87.44% of the stock is owned by institutional investors.

Insider Transactions at State Street

In other State Street news, EVP John Plansky sold 13,859 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $91.32, for a total transaction of $1,265,603.88. Following the transaction, the executive vice president now directly owns 55,108 shares in the company, valued at $5,032,462.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.31% of the company’s stock.

State Street Price Performance

State Street stock traded up $3.28 during mid-day trading on Wednesday, hitting $96.19. 481,676 shares of the company traded hands, compared to its average volume of 2,214,044. The stock has a fifty day moving average price of $88.44 and a 200-day moving average price of $81.04. The stock has a market cap of $28.20 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46. State Street Co. has a one year low of $66.00 and a one year high of $98.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 0.56.

State Street (NYSE:STT) last announced its earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.14. State Street had a net margin of 9.87% and a return on equity of 12.02%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, equities analysts predict that State Street Co. will post 8.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on STT shares. Deutsche Bank Aktiengesellschaft upped their price target on State Street from $79.00 to $87.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Barclays increased their target price on shares of State Street from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Evercore ISI boosted 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. Citigroup raised their price objective on shares of State Street from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, StockNews.com raised shares of State Street from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.39.

About State Street

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.