State Street Co. (NYSE:STT) EVP Kathryn M. Horgan Sells 12,500 Shares of Stock

State Street Co. (NYSE:STT) 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 value of $1,224,625.00. Following the transaction, the executive vice president now owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. This represents a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

State Street Trading Up 0.0 %

STT opened at $98.80 on Wednesday. State Street Co. has a one year low of $69.56 and a one year high of $99.50. The company has a market cap of $28.96 billion, a P/E ratio of 15.61, a PEG ratio of 1.22 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 0.56. The business’s 50-day simple moving average is $91.80 and its 200-day simple moving average is $83.33.

State Street (NYSE:STT) last released its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.14. State Street had a return on equity of 12.02% and a net margin of 9.87%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, equities research analysts expect that State Street Co. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STT. Wells Fargo & Company increased their price target on State Street from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their target price on State Street from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. StockNews.com lowered State Street from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group increased their target price on State Street from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Barclays increased their target price on State Street from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $92.11.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STT. Advisors Asset Management Inc. grew its stake in State Street by 35.7% during the 1st quarter. Advisors Asset Management Inc. now owns 16,253 shares of the asset manager’s stock worth $1,257,000 after buying an additional 4,276 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in State Street by 22.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 576,333 shares of the asset manager’s stock worth $44,563,000 after buying an additional 105,710 shares during the last quarter. Bayesian Capital Management LP purchased a new position in State Street during the 1st quarter worth approximately $908,000. Tidal Investments LLC grew its stake in State Street by 6.7% during the 1st quarter. Tidal Investments LLC now owns 7,135 shares of the asset manager’s stock worth $552,000 after buying an additional 448 shares during the last quarter. Finally, Comerica Bank grew its stake in State Street by 51.2% during the 1st quarter. Comerica Bank now owns 151,865 shares of the asset manager’s stock worth $11,742,000 after buying an additional 51,404 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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.