Natixis Advisors LLC Boosts Stock Holdings in State Street Co. (NYSE:STT)

Natixis Advisors LLC increased its holdings in shares of State Street Co. (NYSE:STT) by 1.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 238,952 shares of the asset manager’s stock after purchasing an additional 2,772 shares during the period. Natixis Advisors LLC’s holdings in State Street were worth $21,140,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of State Street by 3.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 198,891 shares of the asset manager’s stock valued at $15,376,000 after acquiring an additional 6,363 shares during the period. Cetera Investment Advisers grew its stake in State Street by 127.8% in the first quarter. Cetera Investment Advisers now owns 44,400 shares of the asset manager’s stock valued at $3,433,000 after purchasing an additional 24,906 shares during the last quarter. Bayesian Capital Management LP bought a new position in State Street in the first quarter worth about $908,000. Asset Management One Co. Ltd. lifted its position in shares of State Street by 17.3% during the third quarter. Asset Management One Co. Ltd. now owns 137,040 shares of the asset manager’s stock valued at $12,124,000 after buying an additional 20,183 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in shares of State Street by 39.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 145,859 shares of the asset manager’s stock worth $10,794,000 after acquiring an additional 41,180 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

State Street Stock Up 0.7 %

NYSE:STT opened at $96.12 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.56 and a quick ratio of 0.56. The company’s fifty day moving average price is $90.25 and its 200-day moving average price is $82.42. State Street Co. has a 1-year low of $68.99 and a 1-year high of $98.45. The firm has a market capitalization of $28.18 billion, a P/E ratio of 15.18, a PEG ratio of 1.18 and a beta of 1.46.

State Street (NYSE:STT) last released its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.14. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The company’s revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS. As a group, equities research analysts anticipate that State Street Co. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other State Street news, EVP John Plansky sold 13,859 shares of State Street stock in a transaction on Friday, October 18th. The shares were sold at an average price of $91.32, for a total value of $1,265,603.88. Following the completion of the transaction, the executive vice president now owns 55,108 shares of the company’s stock, valued at approximately $5,032,462.56. The trade was a 20.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Evercore ISI lifted their price target on shares of State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays boosted their target price on State Street from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Citigroup raised their price target on State Street from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Wells Fargo & Company upped their price objective on shares of State Street from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Friday. Finally, StockNews.com upgraded shares of State Street from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, State Street has a consensus rating of “Hold” and an average target price of $92.11.

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, 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.