Insider Selling: State Street Co. (NYSE:STT) EVP Sells 13,859 Shares of Stock

State Street Co. (NYSE:STT) EVP John Plansky sold 13,859 shares of the 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

State Street Stock Down 1.4 %

Shares of STT traded down $1.24 during midday trading on Monday, reaching $90.19. 1,637,634 shares of the stock were exchanged, compared to its average volume of 2,239,711. State Street Co. has a 12-month low of $62.78 and a 12-month high of $94.60. The firm has a 50 day simple moving average of $85.89 and a 200-day simple moving average of $79.58. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.91. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.17 and a beta of 1.48.

State Street (NYSE:STT) last issued its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 earnings per share 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 period last year, the business earned $1.93 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. Research analysts forecast that State Street Co. will post 8.36 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on STT shares. StockNews.com raised State Street from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI lifted their target price on State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada upped their price target on shares of State Street from $85.00 to $91.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Bank of America boosted their target price on shares of State Street from $85.00 to $96.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft increased 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, State Street currently has a consensus rating of “Hold” and an average price target of $91.39.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Capital International Investors raised its stake in shares of State Street by 0.5% in the 1st quarter. Capital International Investors now owns 6,626,753 shares of the asset manager’s stock valued at $512,381,000 after acquiring an additional 31,314 shares in the last quarter. LSV Asset Management grew its holdings in State Street by 30.6% in the 2nd quarter. LSV Asset Management now owns 5,282,386 shares of the asset manager’s stock valued at $390,897,000 after buying an additional 1,238,251 shares during the last quarter. Metropolis Capital Ltd grew its holdings in State Street by 13.1% in the 2nd quarter. Metropolis Capital Ltd now owns 4,124,840 shares of the asset manager’s stock valued at $305,238,000 after buying an additional 479,205 shares during the last quarter. Cooke & Bieler LP grew its holdings in State Street by 3.1% in the 2nd quarter. Cooke & Bieler LP now owns 3,551,282 shares of the asset manager’s stock valued at $262,795,000 after buying an additional 105,222 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in State Street by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,033,544 shares of the asset manager’s stock valued at $224,466,000 after buying an additional 259,729 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

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.