Providence Capital Advisors LLC bought a new position in State Street Corp (NYSE:STT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,300 shares of the asset manager’s stock, valued at approximately $2,203,000. State Street makes up 1.4% of Providence Capital Advisors LLC’s holdings, making the stock its 23rd largest position.

Several other large investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC raised its position in State Street by 3,604.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 29,633 shares of the asset manager’s stock valued at $103,000 after purchasing an additional 28,833 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in State Street during the second quarter valued at approximately $109,000. Patriot Financial Group Insurance Agency LLC raised its position in State Street by 1,855.1% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,349 shares of the asset manager’s stock valued at $113,000 after purchasing an additional 1,280 shares during the period. Delta Asset Management LLC TN purchased a new stake in State Street during the second quarter valued at approximately $142,000. Finally, Sageworth Trust Co raised its position in State Street by 1,151.7% during the third quarter. Sageworth Trust Co now owns 1,815 shares of the asset manager’s stock valued at $152,000 after purchasing an additional 1,670 shares during the period. Institutional investors own 85.06% of the company’s stock.

In other State Street news, EVP Louis D. Maiuri bought 740 shares of the business’s stock in a transaction dated Wednesday, October 24th. The shares were purchased at an average price of $67.60 per share, with a total value of $50,024.00. Following the completion of the purchase, the executive vice president now owns 45,314 shares in the company, valued at approximately $3,063,226.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Saint-Aignan Patrick De acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was purchased at an average cost of $68.62 per share, for a total transaction of $34,310.00. Following the purchase, the director now owns 25,138 shares of the company’s stock, valued at $1,724,969.56. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.

A number of equities research analysts have issued reports on the company. ValuEngine downgraded State Street from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. Keefe, Bruyette & Woods restated a “market perform” rating on shares of State Street in a research report on Friday, August 3rd. Barclays decreased their price objective on State Street from $120.00 to $110.00 and set a “$87.02” rating on the stock in a research report on Monday, July 23rd. Wolfe Research assumed coverage on State Street in a research report on Tuesday, September 25th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Co set a $105.00 price objective on State Street and gave the company a “buy” rating in a research report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $103.07.

STT opened at $69.46 on Thursday. The company has a market cap of $26.89 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34. State Street Corp has a one year low of $65.81 and a one year high of $114.27. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50.

State Street (NYSE:STT) last released its earnings results on Friday, October 19th. The asset manager reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.02). The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.02 billion. State Street had a net margin of 19.90% and a return on equity of 14.99%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 EPS. As a group, equities research analysts predict that State Street Corp will post 7.43 earnings per share for the current year.

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State Street Company Profile

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; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.

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

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