State Street Corporation $STT Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its position in shares of State Street Corporation (NYSE:STT) by 3.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,361 shares of the asset manager’s stock after buying an additional 9,101 shares during the period. Achmea Investment Management B.V.’s holdings in State Street were worth $26,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in STT. Capital Analysts LLC boosted its position in shares of State Street by 3,914.3% during the 1st quarter. Capital Analysts LLC now owns 281 shares of the asset manager’s stock worth $25,000 after purchasing an additional 274 shares during the period. Larson Financial Group LLC boosted its position in State Street by 40.8% in the 1st quarter. Larson Financial Group LLC now owns 407 shares of the asset manager’s stock valued at $36,000 after buying an additional 118 shares during the period. Zions Bancorporation National Association UT purchased a new position in State Street in the 1st quarter valued at approximately $46,000. CVA Family Office LLC boosted its position in State Street by 45.8% in the 2nd quarter. CVA Family Office LLC now owns 560 shares of the asset manager’s stock valued at $60,000 after buying an additional 176 shares during the period. Finally, Sarver Vrooman Wealth Advisors purchased a new position in State Street in the 2nd quarter valued at approximately $77,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

State Street Trading Up 0.6%

Shares of State Street stock opened at $116.81 on Thursday. State Street Corporation has a 52-week low of $72.81 and a 52-week high of $119.33. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.03. The company’s 50-day simple moving average is $114.44 and its 200-day simple moving average is $106.60. The firm has a market cap of $33.14 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.24 and a beta of 1.46.

State Street (NYSE:STT) last issued its earnings results on Friday, October 17th. The asset manager reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.21. State Street had a net margin of 13.14% and a return on equity of 13.37%. The company had revenue of $13 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the business posted $2.26 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that State Street Corporation will post 9.68 earnings per share for the current year.

Insiders Place Their Bets

In other State Street news, EVP Michael L. Richards sold 1,500 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $117.24, for a total transaction of $175,860.00. Following the transaction, the executive vice president directly owned 38,626 shares in the company, valued at approximately $4,528,512.24. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STT. BMO Capital Markets started coverage on shares of State Street in a research report on Friday, October 3rd. They set an “outperform” rating and a $130.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of State Street in a research report on Wednesday, October 8th. TD Cowen assumed coverage on shares of State Street in a research report on Thursday, September 25th. They issued a “buy” rating for the company. Cfra Research upgraded shares of State Street from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, July 15th. Finally, Cowen reiterated a “buy” rating on shares of State Street in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.92.

State Street 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, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.