Northwest Investment Counselors LLC Has $2.13 Million Stock Holdings in State Street Co. (NYSE:STT)

Northwest Investment Counselors LLC lessened its position in State Street Co. (NYSE:STT) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,044 shares of the asset manager’s stock after selling 321 shares during the period. Northwest Investment Counselors LLC’s holdings in State Street were worth $2,127,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in STT. B. Riley Wealth Advisors Inc. boosted its stake in shares of State Street by 10.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the asset manager’s stock valued at $480,000 after purchasing an additional 559 shares in the last quarter. Ballentine Partners LLC grew its position in shares of State Street by 10.0% during the 1st quarter. Ballentine Partners LLC now owns 13,299 shares of the asset manager’s stock worth $1,028,000 after buying an additional 1,214 shares during the period. CHICAGO TRUST Co NA grew its position in shares of State Street by 8.2% during the 1st quarter. CHICAGO TRUST Co NA now owns 10,318 shares of the asset manager’s stock worth $798,000 after buying an additional 780 shares during the period. Strategic Planning Group LLC grew its position in shares of State Street by 16.0% in the 1st quarter. Strategic Planning Group LLC now owns 16,068 shares of the asset manager’s stock valued at $1,242,000 after purchasing an additional 2,213 shares during the period. Finally, Riverview Trust Co acquired a new position in shares of State Street in the 1st quarter valued at approximately $93,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on State Street from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Citigroup upped their price target on State Street from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. StockNews.com raised State Street from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Wolfe Research reiterated an “underperform” rating and set a $73.00 price objective on shares of State Street in a research note on Monday, July 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on State Street from $88.00 to $84.00 and set a “market perform” rating on the stock in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.39.

State Street Trading Down 1.4 %

NYSE STT traded down $1.28 during trading hours on Monday, reaching $90.15. The company’s stock had a trading volume of 715,128 shares, compared to its average volume of 2,235,167. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.56 and a quick ratio of 0.54. State Street Co. has a 52 week low of $62.78 and a 52 week high of $94.60. The firm has a fifty day simple moving average of $85.89 and a 200-day simple moving average of $79.58. The stock has a market cap of $26.92 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.17 and a beta of 1.48.

State Street (NYSE:STT) last released its quarterly earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.14. State Street had a net margin of 9.87% and a return on equity of 12.02%. The firm 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 earned $1.93 EPS. The company’s revenue was up 21.1% compared to the same quarter last year. Equities analysts forecast that State Street Co. will post 8.36 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.