John G Ullman & Associates Inc. Has $3.92 Million Stock Holdings in State Street Co. (NYSE:STT)

John G Ullman & Associates Inc. lowered its position in shares of State Street Co. (NYSE:STT) by 1.1% in the third quarter, Holdings Channel reports. The firm owned 44,334 shares of the asset manager’s stock after selling 500 shares during the period. John G Ullman & Associates Inc.’s holdings in State Street were worth $3,922,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of STT. LSV Asset Management increased its position in shares of State Street by 30.6% in the 2nd quarter. LSV Asset Management now owns 5,282,386 shares of the asset manager’s stock valued at $390,897,000 after buying an additional 1,238,251 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of State Street by 541.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 751,641 shares of the asset manager’s stock worth $58,117,000 after acquiring an additional 634,422 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of State Street by 168.7% during the first quarter. Lazard Asset Management LLC now owns 807,950 shares of the asset manager’s stock worth $62,469,000 after purchasing an additional 507,270 shares during the period. Metropolis Capital Ltd lifted its holdings in shares of State Street by 13.1% during the 2nd quarter. Metropolis Capital Ltd now owns 4,124,840 shares of the asset manager’s stock valued at $305,238,000 after purchasing an additional 479,205 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of State Street by 443.1% in the 2nd quarter. National Bank of Canada FI now owns 445,421 shares of the asset manager’s stock valued at $32,765,000 after purchasing an additional 363,399 shares during the period. Institutional investors own 87.44% of the company’s stock.

Insider Activity

In other news, EVP John Plansky sold 13,859 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 55,108 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com downgraded shares of State Street from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of State Street from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their target price on State Street from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group boosted their price target on State Street from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Barclays increased their price objective on State Street from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, State Street presently has a consensus rating of “Hold” and an average price target of $92.11.

State Street Price Performance

Shares of STT opened at $95.30 on Thursday. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.17 and a beta of 1.46. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.91. The company’s fifty day simple moving average is $90.73 and its 200 day simple moving average is $82.65. State Street Co. has a 1-year low of $68.99 and a 1-year high of $98.45.

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