TD Asset Management Inc. boosted its position in shares of State Street Corp. (NYSE:STT) by 19.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,481 shares of the company’s stock after buying an additional 64,973 shares during the period. TD Asset Management Inc. owned 0.10% of State Street Corp. worth $27,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in shares of State Street Corp. by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 195,004 shares of the company’s stock worth $10,515,000 after buying an additional 630 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of State Street Corp. by 30.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 40,812 shares of the company’s stock worth $2,201,000 after buying an additional 9,500 shares during the last quarter. Capital Analysts LLC raised its position in shares of State Street Corp. by 3,579.7% in the second quarter. Capital Analysts LLC now owns 12,879 shares of the company’s stock worth $3,297,000 after buying an additional 12,529 shares during the last quarter. Country Trust Bank raised its position in shares of State Street Corp. by 0.7% in the second quarter. Country Trust Bank now owns 462,454 shares of the company’s stock worth $24,936,000 after buying an additional 3,311 shares during the last quarter. Finally, Gillespie Robinson & Grimm Inc. raised its position in shares of State Street Corp. by 4.7% in the second quarter. Gillespie Robinson & Grimm Inc. now owns 342,414 shares of the company’s stock worth $18,463,000 after buying an additional 15,379 shares during the last quarter. Institutional investors 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 1.62% during trading on Wednesday, hitting $78.26. The stock had a trading volume of 244,704 shares. The company has a market cap of $30.19 billion, a P/E ratio of 16.01 and a beta of 1.32. State Street Corp. has a one year low of $50.60 and a one year high of $79.27. The stock’s 50-day moving average price is $73.23 and its 200-day moving average price is $66.13.

State Street Corp. (NYSE:STT) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the business earned $1.16 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that State Street Corp. will post $5.09 EPS for the current fiscal year.

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Several research analysts have recently commented on STT shares. Zacks Investment Research upgraded State Street Corp. from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Tuesday, November 15th. Barclays PLC reiterated a “buy” rating and set a $71.00 price target on shares of State Street Corp. in a report on Tuesday, October 11th. Deutsche Bank AG lifted their price target on State Street Corp. from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Friday, September 9th. lifted their price target on State Street Corp. from $60.00 to $73.00 and gave the stock an “underperform” rating in a report on Friday, September 23rd. Finally, Jefferies Group lifted their price target on State Street Corp. from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.81.

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Karen C. Keenan sold 1,000 shares of the stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $70.57, for a total transaction of $70,570.00. Following the transaction, the executive vice president now owns 48,547 shares of the company’s stock, valued at $3,425,961.79. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

State Street Corp. Company Profile

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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