State Street Corp (NYSE:STT) EVP Joerg Ambrosius sold 2,500 shares of State Street stock in a transaction on Friday, November 29th. The stock was sold at an average price of $75.08, for a total value of $187,700.00. Following the sale, the executive vice president now owns 14,654 shares in the company, valued at $1,100,222.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of STT opened at $73.61 on Wednesday. State Street Corp has a 1 year low of $48.62 and a 1 year high of $77.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.48 and a quick ratio of 0.48. The stock’s fifty day moving average price is $69.70 and its two-hundred day moving average price is $59.44. The firm has a market cap of $27.31 billion, a PE ratio of 10.20, a PEG ratio of 1.56 and a beta of 1.56.

State Street (NYSE:STT) last posted its quarterly earnings results on Friday, October 18th. The asset manager reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.11. State Street had a return on equity of 11.34% and a net margin of 16.18%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the company earned $1.87 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts anticipate that State Street Corp will post 5.81 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of STT. Peoples Financial Services CORP. boosted its stake in State Street by 5.5% in the 3rd quarter. Peoples Financial Services CORP. now owns 3,818 shares of the asset manager’s stock worth $226,000 after purchasing an additional 200 shares during the period. McGuire Investment Group LLC boosted its position in shares of State Street by 0.8% in the second quarter. McGuire Investment Group LLC now owns 27,353 shares of the asset manager’s stock valued at $1,533,000 after acquiring an additional 212 shares during the period. MML Investors Services LLC grew its stake in State Street by 6.8% during the second quarter. MML Investors Services LLC now owns 4,545 shares of the asset manager’s stock valued at $255,000 after acquiring an additional 288 shares in the last quarter. Cornerstone Advisors Inc. grew its stake in State Street by 33.1% during the third quarter. Cornerstone Advisors Inc. now owns 1,163 shares of the asset manager’s stock valued at $69,000 after acquiring an additional 289 shares in the last quarter. Finally, Reilly Financial Advisors LLC lifted its stake in State Street by 91.7% in the 3rd quarter. Reilly Financial Advisors LLC now owns 627 shares of the asset manager’s stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 90.09% of the company’s stock.

Several research analysts have weighed in on STT shares. ValuEngine raised State Street from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lifted their target price on State Street from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley reiterated a “sell” rating and set a $71.00 target price (up from $66.00) on shares of State Street in a research note on Monday, November 18th. Bank of America boosted their price target on shares of State Street from $64.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Deutsche Bank boosted their price target on shares of State Street from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $71.45.

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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