Quest Partners LLC Has $1.83 Million Stock Holdings in State Street Co. (NYSE:STT)

Quest Partners LLC trimmed its position in State Street Co. (NYSE:STT) by 48.6% in the third quarter, Holdings Channel.com reports. The firm owned 20,716 shares of the asset manager’s stock after selling 19,560 shares during the period. Quest Partners LLC’s holdings in State Street were worth $1,833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors grew its position in shares of State Street by 0.5% during the 1st quarter. Capital International Investors now owns 6,626,753 shares of the asset manager’s stock worth $512,381,000 after buying an additional 31,314 shares during the period. LSV Asset Management grew its holdings in State Street by 30.6% during the 2nd quarter. LSV Asset Management now owns 5,282,386 shares of the asset manager’s stock worth $390,897,000 after acquiring an additional 1,238,251 shares during the period. Metropolis Capital Ltd grew its holdings in State Street by 3.9% during the 3rd quarter. Metropolis Capital Ltd now owns 4,286,306 shares of the asset manager’s stock worth $379,209,000 after acquiring an additional 161,466 shares during the period. Cooke & Bieler LP raised its position in shares of State Street by 3.1% during the 2nd quarter. Cooke & Bieler LP now owns 3,551,282 shares of the asset manager’s stock valued at $262,795,000 after acquiring an additional 105,222 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of State Street by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,033,544 shares of the asset manager’s stock valued at $224,466,000 after purchasing an additional 259,729 shares during the period. 87.44% of the stock is owned by institutional investors.

Insider Transactions at State Street

In other State Street news, EVP John Plansky sold 13,859 shares of the business’s 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 of the company’s stock, valued at $5,032,462.56. The trade was a 20.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on STT. 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 report on Monday, November 11th. StockNews.com raised State Street from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on shares of State Street from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Friday. Finally, Citigroup increased their target price on shares of State Street from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, State Street currently has a consensus rating of “Hold” and an average price target of $92.11.

State Street Price Performance

Shares of NYSE STT opened at $96.12 on Tuesday. The company has a fifty day moving average price of $90.25 and a 200 day moving average price of $82.42. The firm has a market cap of $28.18 billion, a PE ratio of 15.18, a PEG ratio of 1.18 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. State Street Co. has a 1-year low of $68.99 and a 1-year high of $98.45.

State Street (NYSE:STT) last posted its quarterly earnings data 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. State Street had a return on equity of 12.02% and a net margin of 9.87%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the company earned $1.93 earnings per share. State Street’s quarterly revenue was up 21.1% on a year-over-year basis. Research analysts predict 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.