Public Employees Retirement System of Ohio trimmed its position in State Street Corp (NYSE:STT) by 45.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,260 shares of the asset manager’s stock after selling 106,258 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in State Street were worth $7,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Norinchukin Bank The raised its position in shares of State Street by 0.7% during the 1st quarter. Norinchukin Bank The now owns 29,898 shares of the asset manager’s stock worth $1,968,000 after purchasing an additional 200 shares during the period. Resources Investment Advisors Inc. boosted its position in State Street by 28.7% during the 1st quarter. Resources Investment Advisors Inc. now owns 919 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 205 shares during the period. McGuire Investment Group LLC boosted its position in State Street by 0.8% during the 2nd quarter. McGuire Investment Group LLC now owns 27,353 shares of the asset manager’s stock valued at $1,533,000 after purchasing an additional 212 shares during the period. Oregon Public Employees Retirement Fund grew its stake in State Street by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 40,225 shares of the asset manager’s stock worth $2,255,000 after buying an additional 236 shares during the last quarter. Finally, NuWave Investment Management LLC grew its stake in State Street by 50.8% during the 2nd quarter. NuWave Investment Management LLC now owns 742 shares of the asset manager’s stock worth $42,000 after buying an additional 250 shares during the last quarter. 89.89% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on STT. Zacks Investment Research downgraded shares of State Street from a “hold” rating to a “sell” rating and set a $59.00 price target for the company. in a report on Tuesday, June 4th. Morgan Stanley cut shares of State Street from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $69.00 to $55.00 in a report on Monday, July 8th. Royal Bank of Canada cut their price objective on shares of State Street from $80.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Wednesday, June 19th. Buckingham Research decreased their target price on shares of State Street from $83.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. Finally, ValuEngine cut shares of State Street from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $67.75.

In other news, Director Saint-Aignan Patrick De bought 500 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was bought at an average cost of $58.85 per share, for a total transaction of $29,425.00. Following the completion of the acquisition, the director now directly owns 28,793 shares in the company, valued at approximately $1,694,468.05. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Hanley Ronald P. O acquired 7,000 shares of the stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of $50.43 per share, for a total transaction of $353,010.00. Following the completion of the transaction, the chief executive officer now owns 127,235 shares in the company, valued at approximately $6,416,461.05. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 11,000 shares of company stock valued at $577,375. Insiders own 0.40% of the company’s stock.

STT traded up $0.02 on Wednesday, reaching $58.86. The company had a trading volume of 194,632 shares, compared to its average volume of 2,680,908. The company has a market capitalization of $20.12 billion, a P/E ratio of 8.14, a PEG ratio of 0.89 and a beta of 1.47. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $53.28 and a 200-day moving average of $60.65. State Street Corp has a one year low of $48.62 and a one year high of $90.20.

State Street (NYSE:STT) last issued its quarterly earnings results on Friday, July 19th. The asset manager reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.05. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.86 billion. State Street had a net margin of 17.66% and a return on equity of 12.13%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 EPS. Research analysts predict that State Street Corp will post 5.72 EPS for the current year.

About State Street

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It 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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