American Capital Advisory LLC Lowers Stock Holdings in State Street Co. (NYSE:STT)

American Capital Advisory LLC decreased its position in State Street Co. (NYSE:STT) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,557 shares of the asset manager’s stock after selling 2,381 shares during the period. State Street makes up approximately 1.2% of American Capital Advisory LLC’s holdings, making the stock its 19th biggest position. American Capital Advisory LLC’s holdings in State Street were worth $2,084,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STT. LRI Investments LLC bought a new stake in shares of State Street in the 1st quarter worth $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of State Street during the second quarter valued at $27,000. Versant Capital Management Inc increased its holdings in 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 buying an additional 416 shares in the last quarter. Trust Co. of Vermont raised its position in State Street by 44.4% in the 2nd quarter. Trust Co. of Vermont now owns 650 shares of the asset manager’s stock worth $48,000 after buying an additional 200 shares during the last quarter. Finally, Family Firm Inc. bought a new position in State Street during the 2nd quarter valued at about $61,000. Institutional investors own 87.44% of the company’s stock.

Insider Transactions at State Street

In other news, EVP John Plansky sold 13,859 shares of State Street stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 55,108 shares of the company’s stock, valued at approximately $5,032,462.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

State Street Trading Up 3.5 %

NYSE STT traded up $3.28 during trading hours on Wednesday, hitting $96.19. 481,676 shares of the company were exchanged, compared to its average volume of 2,214,044. The stock has a market cap of $28.20 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46. 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 stock has a 50-day moving average price of $88.44 and a 200 day moving average price of $81.04. State Street Co. has a 52 week low of $66.00 and a 52 week high of $98.45.

State Street (NYSE:STT) last released its earnings results on Tuesday, October 15th. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.14. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 earnings per share. Analysts forecast that State Street Co. will post 8.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of State Street from $85.00 to $91.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Barclays boosted their target price on shares of State Street from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Citigroup raised their price target on State Street from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Bank of America increased their target price on State Street from $85.00 to $96.00 and gave the company an “underperform” rating in a report on Wednesday, July 17th. Finally, StockNews.com raised shares of State Street from a “hold” rating to a “buy” 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 given a buy rating to the stock. According to MarketBeat, State Street has a consensus rating of “Hold” and an average target price of $91.39.

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.