State Street Co. (NYSE:STT) Stock Holdings Cut by Foster & Motley Inc.

Foster & Motley Inc. reduced its position in shares of State Street Co. (NYSE:STT) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,988 shares of the asset manager’s stock after selling 133 shares during the quarter. Foster & Motley Inc.’s holdings in State Street were worth $264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in State Street during the 1st quarter valued at $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of State Street during the 2nd quarter worth $27,000. Versant Capital Management Inc raised its position in shares of State Street by 411.9% during the second quarter. Versant Capital Management Inc now owns 517 shares of the asset manager’s stock worth $38,000 after purchasing an additional 416 shares during the period. Trust Co. of Vermont lifted its holdings in shares of State Street by 44.4% during the second 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. Finally, Family Firm Inc. acquired a new position in shares of State Street in the 2nd quarter valued at $61,000. 87.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STT shares. Barclays boosted 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of State Street from $79.00 to $87.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Wells Fargo & Company raised their price objective on shares of State Street from $98.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Citigroup raised their price objective on shares of State Street from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Bank of America raised their price objective on shares of State Street from $85.00 to $96.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $91.39.

Insider Activity at State Street

In related 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 sale, 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by company insiders.

State Street Trading Down 1.7 %

Shares of NYSE:STT opened at $95.12 on Friday. The firm has a fifty day moving average of $88.68 and a two-hundred day moving average of $81.15. The firm has a market capitalization of $27.88 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46. State Street Co. has a 12-month low of $66.00 and a 12-month high of $98.45. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.91.

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 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 during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the business posted $1.93 EPS. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, equities analysts expect that State Street Co. will post 8.38 EPS 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.