State Street Corporation (STT) Holdings Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of State Street Corporation (NYSE:STT) by 0.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,871,083 shares of the asset manager’s stock after buying an additional 1,800 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.50% of State Street worth $179,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of State Street by 18.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,129 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 172 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of State Street in the 2nd quarter valued at about $107,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of State Street by 15.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,266 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 168 shares during the last quarter. Sabal Trust CO purchased a new stake in shares of State Street in the 3rd quarter valued at about $201,000. Finally, Trustmark National Bank Trust Department purchased a new stake in shares of State Street in the 3rd quarter valued at about $204,000. 88.10% of the stock is owned by institutional investors.

Shares of State Street Corporation (STT) traded up $1.62 during mid-day trading on Tuesday, reaching $97.10. The company had a trading volume of 3,257,300 shares, compared to its average volume of 1,970,269. The firm has a market cap of $36,010.00, a PE ratio of 15.73, a PEG ratio of 1.63 and a beta of 1.35. State Street Corporation has a 1 year low of $74.45 and a 1 year high of $99.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.48 and a quick ratio of 0.48.

State Street (NYSE:STT) last released its earnings results on Monday, October 23rd. The asset manager reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.10. State Street had a return on equity of 13.03% and a net margin of 20.56%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. equities research analysts predict that State Street Corporation will post 6.25 earnings per share for the current year.

In other State Street news, Chairman Joseph L. Hooley sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $92.60, for a total transaction of $2,315,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Hannah M. Grove sold 3,200 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $92.64, for a total value of $296,448.00. The disclosure for this sale can be found here. Insiders have sold a total of 28,724 shares of company stock worth $2,659,741 in the last quarter. 0.71% of the stock is currently owned by insiders.

Several research firms have recently weighed in on STT. Wells Fargo & Company began coverage on State Street in a report on Wednesday, August 9th. They issued an “outperform” rating and a $115.00 target price for the company. Zacks Investment Research cut State Street from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Citigroup restated a “neutral” rating and issued a $102.00 price target (up previously from $88.00) on shares of State Street in a research report on Monday, October 9th. ValuEngine cut State Street from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Jefferies Group restated a “hold” rating and issued a $100.00 price target on shares of State Street in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $96.47.

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State Street Profile

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.

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

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