Quantbot Technologies LP Has $3.50 Million Stock Holdings in State Street Co. (NYSE:STT)

Quantbot Technologies LP lifted its stake in State Street Co. (NYSE:STT) by 83.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,561 shares of the asset manager’s stock after acquiring an additional 18,051 shares during the quarter. Quantbot Technologies LP’s holdings in State Street were worth $3,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LRI Investments LLC bought a new position in shares of State Street in the first quarter valued at about $25,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of State Street during the 2nd quarter worth approximately $27,000. Coastline Trust Co acquired a new stake in State Street during the third quarter worth approximately $44,000. Versant Capital Management Inc lifted its holdings in shares of State Street by 411.9% during the 2nd quarter. Versant Capital Management Inc now owns 517 shares of the asset manager’s stock worth $38,000 after acquiring an additional 416 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of State Street during the 3rd quarter worth $54,000. Institutional investors own 87.44% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Kathryn M. Horgan sold 12,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were 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 directly owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. The trade was a 10.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Plansky sold 13,859 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 55,108 shares of the company’s stock, valued at $5,032,462.56. This trade represents a 20.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,460 shares of company stock valued at $2,499,860. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley increased 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 note on Wednesday, October 16th. Evercore ISI increased their price target on State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com cut State Street from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price target on State Street from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on State Street from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Two equities 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.11.

State Street Trading Down 0.0 %

Shares of State Street stock opened at $98.79 on Thursday. 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 stock has a fifty day simple moving average of $92.03 and a 200 day simple moving average of $83.43. State Street Co. has a 12-month low of $69.58 and a 12-month high of $99.50. The company has a market capitalization of $28.96 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46.

State Street (NYSE:STT) last released its quarterly earnings results 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. State Street had a net margin of 9.87% and a return on equity of 12.02%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the firm earned $1.93 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. On average, sell-side analysts anticipate that State Street Co. will post 8.42 earnings per share for the current fiscal year.

About State Street

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.