National Pension Service increased its position in State Street Corp. (NYSE:STT) by 8.4% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 310,770 shares of the company’s stock after buying an additional 24,068 shares during the period. National Pension Service owned 0.08% of State Street Corp. worth $21,639,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of STT. Community Bank N.A. boosted its position in shares of State Street Corp. by 0.8% in the third quarter. Community Bank N.A. now owns 2,334 shares of the company’s stock worth $163,000 after buying an additional 19 shares in the last quarter. Alpha Windward LLC boosted its position in shares of State Street Corp. by 1.2% in the second quarter. Alpha Windward LLC now owns 3,553 shares of the company’s stock worth $192,000 after buying an additional 41 shares in the last quarter. Pennsylvania Trust Co boosted its position in shares of State Street Corp. by 1.2% in the second quarter. Pennsylvania Trust Co now owns 3,905 shares of the company’s stock worth $211,000 after buying an additional 45 shares in the last quarter. Brinker Capital Inc. boosted its position in shares of State Street Corp. by 0.6% in the second quarter. Brinker Capital Inc. now owns 10,548 shares of the company’s stock worth $572,000 after buying an additional 62 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of State Street Corp. by 4.4% in the second quarter. Advisory Services Network LLC now owns 2,154 shares of the company’s stock worth $116,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

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

Shares of State Street Corp. (NYSE:STT) traded up 1.97% during mid-day trading on Wednesday, reaching $78.53. 344,687 shares of the company’s stock traded hands. State Street Corp. has a 12-month low of $50.60 and a 12-month high of $79.27. The firm’s 50 day moving average price is $73.23 and its 200-day moving average price is $66.13. The stock has a market cap of $30.29 billion, a price-to-earnings ratio of 16.07 and a beta of 1.32.

State Street Corp. (NYSE:STT) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.10. State Street Corp. had a net margin of 19.97% and a return on equity of 11.59%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm posted $1.16 EPS. State Street Corp.’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that State Street Corp. will post $5.09 earnings per share for the current year.

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STT has been the subject of a number of analyst reports. Deutsche Bank AG set a $67.00 price objective on shares of State Street Corp. and gave the company a “hold” rating in a report on Friday, August 5th. Jefferies Group reiterated a “buy” rating on shares of State Street Corp. in a report on Friday, August 5th. TheStreet upgraded shares of State Street Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Sandler O’Neill cut shares of State Street Corp. from a “buy” rating to a “hold” rating and set a $73.00 price objective for the company. in a report on Tuesday, September 6th. Finally, Zacks Investment Research upgraded shares of State Street Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.81.

In related news, EVP Karen C. Keenan sold 1,000 shares of the stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $70.57, for a total transaction of $70,570.00. Following the sale, the executive vice president now directly owns 48,547 shares of the company’s stock, valued at approximately $3,425,961.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey N. Carp sold 15,000 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $69.26, for a total transaction of $1,038,900.00. The disclosure for this sale can be found here. Corporate 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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