State Street Co. (NYSE:STT) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in State Street Co. (NYSE:STT) by 12.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,514 shares of the asset manager’s stock after buying an additional 486 shares during the quarter. Coldstream Capital Management Inc.’s holdings in State Street were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in STT. Benjamin F. Edwards & Company Inc. grew its position in State Street by 5.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,514 shares of the asset manager’s stock valued at $186,000 after buying an additional 129 shares during the period. Rockland Trust Co. increased its stake in shares of State Street by 1.8% in the 3rd quarter. Rockland Trust Co. now owns 8,332 shares of the asset manager’s stock valued at $737,000 after purchasing an additional 150 shares in the last quarter. Empirical Finance LLC raised its holdings in State Street by 1.4% in the 3rd quarter. Empirical Finance LLC now owns 11,268 shares of the asset manager’s stock worth $997,000 after purchasing an additional 158 shares during the period. Citizens Financial Group Inc. RI boosted its position in State Street by 3.3% during the third quarter. Citizens Financial Group Inc. RI now owns 5,790 shares of the asset manager’s stock worth $512,000 after purchasing an additional 184 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in State Street by 8.3% in the third quarter. Allworth Financial LP now owns 2,425 shares of the asset manager’s stock valued at $215,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds 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 firm’s stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn M. Horgan sold 12,500 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 111,042 shares in the company, valued at approximately $10,878,784.74. This trade represents a 10.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,460 shares of company stock worth $2,499,860 in the last 90 days. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

STT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on State Street from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. StockNews.com raised shares of State Street from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group boosted their target price on shares of State Street from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Evercore ISI raised their price target on shares of State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods upgraded State Street from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $105.00 to $120.00 in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $97.32.

State Street Stock Down 0.1 %

Shares of NYSE:STT opened at $100.46 on Friday. State Street Co. has a 52-week low of $70.20 and a 52-week high of $101.91. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average of $94.68 and a two-hundred day moving average of $85.33. The stock has a market cap of $29.45 billion, a P/E ratio of 15.87, a PEG ratio of 1.23 and a beta of 1.44.

State Street (NYSE:STT) last released its quarterly earnings data 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. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.19 billion. State Street had a net margin of 9.87% and a return on equity of 12.02%. State Street’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $1.93 earnings per share. On average, research analysts expect that State Street Co. will post 8.42 earnings per share for the current year.

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.