Chevy Chase Trust Holdings Inc. lowered its position in shares of State Street Corp. (NYSE:STT) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,300 shares of the company’s stock after selling 32,307 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of State Street Corp. worth $21,606,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of State Street Corp. by 1.0% in the second quarter. Vanguard Group Inc. now owns 22,857,482 shares of the company’s stock worth $1,232,474,000 after buying an additional 215,857 shares during the last quarter. FMR LLC increased its position in shares of State Street Corp. by 1.1% in the second quarter. FMR LLC now owns 14,399,518 shares of the company’s stock worth $776,423,000 after buying an additional 154,343 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of State Street Corp. by 0.8% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 5,016,172 shares of the company’s stock worth $270,472,000 after buying an additional 42,105 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of State Street Corp. by 0.8% in the second quarter. BlackRock Fund Advisors now owns 4,452,751 shares of the company’s stock worth $240,092,000 after buying an additional 36,669 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of State Street Corp. during the second quarter worth about $223,563,000. Institutional investors own 86.96% of the company’s stock.

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

State Street Corp. (NYSE:STT) opened at 78.50 on Friday. State Street Corp. has a 52 week low of $50.60 and a 52 week high of $79.20. The stock has a 50 day moving average of $71.04 and a 200 day moving average of $64.82. The company has a market cap of $30.28 billion, a PE ratio of 16.06 and a beta of 1.32.

State Street Corp. (NYSE:STT) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.10. State Street Corp. had a return on equity of 11.59% and a net margin of 19.97%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that State Street Corp. will post $5.09 EPS for the current fiscal year.

STT has been the topic of a number of research analyst reports. Jefferies Group boosted their price objective on shares of State Street Corp. from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. Keefe, Bruyette & Woods upped their target price on shares of State Street Corp. from $54.00 to $58.00 and gave the stock an “underperform” rating in a research report on Thursday, July 28th. Zacks Investment Research raised shares of State Street Corp. from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday. Deutsche Bank AG upped their target price on shares of State Street Corp. from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Finally, Credit Agricole SA upped their target price on shares of State Street Corp. from $60.00 to $73.00 and gave the stock an “underperform” rating in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. State Street Corp. currently has an average rating of “Hold” and an average price target of $72.81.

In other news, EVP Jeffrey N. Carp sold 15,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $69.26, for a total transaction of $1,038,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Karen C. Keenan sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $70.00, for a total value of $525,000.00. Following the sale, the executive vice president now owns 49,547 shares in the company, valued at approximately $3,468,290. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

About State Street Corp.

State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world.

5 Day Chart for NYSE:STT

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