Los Angeles Capital Management & Equity Research Inc. lifted its holdings in State Street Corporation (NYSE:STT) by 50.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 172,157 shares of the asset manager’s stock after purchasing an additional 57,630 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in State Street Corporation were worth $16,448,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Capital Analysts LLC grew its holdings in shares of State Street Corporation by 4.3% in the third quarter. Capital Analysts LLC now owns 36,797 shares of the asset manager’s stock valued at $3,516,000 after purchasing an additional 1,531 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of State Street Corporation by 18.0% in the third quarter. Toronto Dominion Bank now owns 142,822 shares of the asset manager’s stock valued at $13,644,000 after purchasing an additional 21,743 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of State Street Corporation by 5.8% in the third quarter. Retirement Systems of Alabama now owns 181,426 shares of the asset manager’s stock valued at $17,333,000 after purchasing an additional 9,952 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new position in shares of State Street Corporation in the third quarter valued at $459,000. Finally, Sei Investments Co. grew its holdings in shares of State Street Corporation by 40.8% in the third quarter. Sei Investments Co. now owns 870,481 shares of the asset manager’s stock valued at $83,167,000 after purchasing an additional 252,106 shares in the last quarter. 88.15% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Hannah M. Grove sold 3,200 shares of the firm’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 transaction of $296,448.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Joseph L. Hooley sold 25,000 shares of the firm’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 value of $2,315,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.

Shares of State Street Corporation (NYSE STT) opened at $92.40 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.48 and a current ratio of 0.48. State Street Corporation has a 12-month low of $74.45 and a 12-month high of $99.99. The company has a market capitalization of $34,065.06, a P/E ratio of 15.13, a P/E/G ratio of 1.57 and a beta of 1.36.

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

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A number of research analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of State Street Corporation in a report on Wednesday, August 9th. They issued an “outperform” rating and a $115.00 target price for the company. Barclays PLC raised their price target on State Street Corporation from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded State Street Corporation from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, August 30th. ValuEngine downgraded State Street Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $100.00 price target on shares of State Street Corporation in a research report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. State Street Corporation has an average rating of “Hold” and an average target price of $96.47.

State Street Corporation Company 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 Corporation (NYSE:STT)

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