Banque Cantonale Vaudoise Increases Stock Holdings in State Street Co. (NYSE:STT)

Banque Cantonale Vaudoise grew its holdings in shares of State Street Co. (NYSE:STT) by 118.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,667 shares of the asset manager’s stock after purchasing an additional 23,171 shares during the quarter. Banque Cantonale Vaudoise’s holdings in State Street were worth $3,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in State Street during the first quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of State Street during the 2nd quarter worth $27,000. Coastline Trust Co bought a new stake in shares of State Street during the 3rd quarter valued at $44,000. Versant Capital Management Inc increased its stake in shares of State Street by 411.9% in the 2nd quarter. Versant Capital Management Inc now owns 517 shares of the asset manager’s stock worth $38,000 after purchasing an additional 416 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of State Street in the 3rd quarter worth $54,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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 on Friday, October 18th. The shares were 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 in the company, valued at $5,032,462.56. The trade was a 20.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.31% of the company’s stock.

State Street Stock Down 1.5 %

Shares of STT stock opened at $94.71 on Wednesday. The stock has a market cap of $27.76 billion, a P/E ratio of 14.96, a PEG ratio of 1.18 and a beta of 1.46. The company’s fifty day simple moving average is $90.48 and its two-hundred day simple moving average is $82.57. 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 Co. has a 52 week low of $68.99 and a 52 week high of $98.45.

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

Analyst Ratings Changes

STT has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on State Street from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley lifted 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of State Street from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, November 11th. StockNews.com raised shares of State Street from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price target on shares of State Street from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, State Street has an average rating of “Hold” and an average price target of $92.11.

State Street Company 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.