Healthcare of Ontario Pension Plan Trust Fund Buys 168,000 Shares of State Street Co. (NYSE:STT)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of State Street Co. (NYSE:STT) by 88.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,000 shares of the asset manager’s stock after acquiring an additional 168,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in State Street were worth $31,761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC bought a new stake in State Street during the 1st quarter valued at $25,000. Ashton Thomas Private Wealth LLC bought a new stake in State Street during the 2nd quarter valued at $27,000. Versant Capital Management Inc boosted its position in State Street by 411.9% during the 2nd quarter. Versant Capital Management Inc now owns 517 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 416 shares in the last quarter. Coastline Trust Co bought a new stake in State Street during the 3rd quarter valued at $44,000. Finally, Trust Co. of Vermont lifted its holdings in shares of State Street by 44.4% during the 2nd quarter. Trust Co. of Vermont now owns 650 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Insiders Place Their Bets

In other State Street news, EVP John Plansky sold 13,859 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $91.32, for a total transaction of $1,265,603.88. Following the transaction, the executive vice president now owns 55,108 shares in the company, valued at approximately $5,032,462.56. This represents a 20.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn M. Horgan sold 12,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $97.97, for a total value of $1,224,625.00. Following the transaction, the executive vice president now owns 111,042 shares in the company, valued at $10,878,784.74. This represents a 10.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,460 shares of company stock worth $2,499,860. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

STT has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on State Street from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Barclays increased their price objective on State Street from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI increased their price objective on State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on State Street from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on State Street from $90.00 to $95.00 and gave the company a “hold” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.11.

State Street Stock Down 0.0 %

Shares of STT opened at $98.79 on Thursday. State Street Co. has a 52 week low of $69.58 and a 52 week high of $99.50. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $28.96 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.22 and a beta of 1.46. The stock’s 50-day moving average price is $92.03 and its 200-day moving average price is $83.43.

State Street (NYSE:STT) last issued its quarterly earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.14. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. State Street’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.93 earnings per share. On average, sell-side analysts predict that State Street Co. will post 8.42 EPS for the current year.

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.