Arjuna Capital Has $672,000 Stake in State Street Co. (NYSE:STT)

Arjuna Capital decreased its holdings in shares of State Street Co. (NYSE:STT) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,601 shares of the asset manager’s stock after selling 167 shares during the period. Arjuna Capital’s holdings in State Street were worth $672,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp raised its position in State Street by 3.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 198,891 shares of the asset manager’s stock worth $15,376,000 after acquiring an additional 6,363 shares in the last quarter. M&G Plc bought a new stake in State Street during the first quarter worth $7,626,000. Cetera Investment Advisers raised its position in State Street by 127.8% during the first quarter. Cetera Investment Advisers now owns 44,400 shares of the asset manager’s stock worth $3,433,000 after acquiring an additional 24,906 shares in the last quarter. Edgestream Partners L.P. raised its position in State Street by 44.7% during the first quarter. Edgestream Partners L.P. now owns 30,745 shares of the asset manager’s stock worth $2,377,000 after acquiring an additional 9,499 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of State Street in the first quarter valued at about $908,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insiders Place Their Bets

In other State Street news, EVP John Plansky sold 13,859 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 55,108 shares in the company, valued at $5,032,462.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

State Street Price Performance

State Street stock traded up $0.72 during trading hours on Wednesday, reaching $95.91. 164,569 shares of the stock were exchanged, compared to its average volume of 2,213,948. The company has a market cap of $28.12 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.23 and a beta of 1.46. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.91. State Street Co. has a twelve month low of $68.00 and a twelve month high of $98.45. The stock has a 50 day moving average of $89.39 and a two-hundred day moving average of $81.80.

State Street (NYSE:STT) last announced 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 firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.19 billion. State Street had a net margin of 9.87% and a return on equity of 12.02%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 earnings per share. Equities analysts expect that State Street Co. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STT. StockNews.com raised shares of State Street from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Citigroup increased their price objective on shares of State Street from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of State Street from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Monday. The Goldman Sachs Group increased their price objective on shares of State Street from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada increased their price objective on shares of State Street from $85.00 to $91.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.96.

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.