361 Capital LLC cut its holdings in State Street Corporation (NYSE:STT) by 50.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,149 shares of the asset manager’s stock after selling 43,487 shares during the quarter. State Street Corporation comprises approximately 0.8% of 361 Capital LLC’s portfolio, making the stock its 22nd largest holding. 361 Capital LLC’s holdings in State Street Corporation were worth $4,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of State Street Corporation by 18.0% during the second quarter. Parallel Advisors LLC now owns 1,129 shares of the asset manager’s stock worth $105,000 after acquiring an additional 172 shares during the period. Penserra Capital Management LLC acquired a new position in shares of State Street Corporation during the second quarter worth about $107,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of State Street Corporation by 15.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,266 shares of the asset manager’s stock worth $114,000 after acquiring an additional 168 shares during the period. NEXT Financial Group Inc increased its stake in shares of State Street Corporation by 5.5% during the second quarter. NEXT Financial Group Inc now owns 1,450 shares of the asset manager’s stock worth $130,000 after acquiring an additional 75 shares during the period. Finally, Harbour Capital Advisors LLC increased its stake in shares of State Street Corporation by 8,873.2% during the second quarter. Harbour Capital Advisors LLC now owns 16,421 shares of the asset manager’s stock worth $183,000 after acquiring an additional 16,238 shares during the period. Institutional investors own 88.15% of the company’s stock.

In related news, insider Hannah M. Grove sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $92.64, for a total transaction of $296,448.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph L. Hooley sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $92.60, for a total transaction of $2,315,000.00. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

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Shares of State Street Corporation (NYSE:STT) traded up $0.55 during midday trading on Thursday, hitting $91.86. 2,362,200 shares of the company’s stock traded hands, compared to its average volume of 1,972,805. State Street Corporation has a 12 month low of $74.45 and a 12 month high of $99.99. The stock has a market capitalization of $33,861.10, a P/E ratio of 15.04, a PEG ratio of 1.56 and a beta of 1.36. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.61.

State Street Corporation (NYSE:STT) last announced its quarterly earnings results on Monday, October 23rd. The asset manager reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. State Street Corporation had a net margin of 20.56% and a return on equity of 13.03%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities research analysts expect that State Street Corporation will post 6.25 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of State Street Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company assumed coverage on shares of State Street Corporation in a research note on Wednesday, August 9th. They set an “outperform” rating and a $115.00 price target on the stock. Royal Bank Of Canada dropped their price target on shares of State Street Corporation from $104.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 24th. ValuEngine lowered shares of State Street Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $100.00 price target on shares of State Street Corporation in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. State Street Corporation currently has an average rating of “Hold” and a consensus price target of $96.47.

State Street Corporation Company Profile

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.

Institutional Ownership by Quarter for State Street Corporation (NYSE:STT)

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