Dupont Capital Management Corp lifted its position in shares of State Street Corporation (NYSE:STT) by 36.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,455 shares of the asset manager’s stock after acquiring an additional 20,564 shares during the period. Dupont Capital Management Corp’s holdings in State Street Corporation were worth $7,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Artemis Investment Management LLP increased its position in shares of State Street Corporation by 152.3% during the third quarter. Artemis Investment Management LLP now owns 65,929 shares of the asset manager’s stock valued at $6,296,000 after acquiring an additional 39,801 shares in the last quarter. Longview Partners Guernsey LTD increased its position in shares of State Street Corporation by 6.5% during the third quarter. Longview Partners Guernsey LTD now owns 8,062,726 shares of the asset manager’s stock valued at $770,313,000 after acquiring an additional 493,244 shares in the last quarter. Ironwood Investment Counsel LLC increased its position in shares of State Street Corporation by 14.7% during the third quarter. Ironwood Investment Counsel LLC now owns 6,232 shares of the asset manager’s stock valued at $595,000 after acquiring an additional 800 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of State Street Corporation by 24.8% during the third quarter. Victory Capital Management Inc. now owns 27,891 shares of the asset manager’s stock valued at $2,665,000 after acquiring an additional 5,537 shares in the last quarter. Finally, Baldwin Brothers Inc. MA increased its position in shares of State Street Corporation by 56.3% during the third quarter. Baldwin Brothers Inc. MA now owns 9,696 shares of the asset manager’s stock valued at $926,000 after acquiring an additional 3,491 shares in the last quarter. 87.81% of the stock is owned by institutional investors.

In related news, insider Andrew Erickson sold 353 shares of State Street Corporation stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $93.01, for a total transaction of $32,832.53. Following the transaction, the insider now owns 21,170 shares in the company, valued at approximately $1,969,021.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Hannah M. Grove sold 3,200 shares of State Street Corporation stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $92.55, for a total transaction of $296,160.00. Following the transaction, the insider now owns 39,896 shares in the company, valued at approximately $3,692,374.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,014 shares of company stock worth $2,964,933 in the last quarter. Corporate insiders own 0.71% of the company’s stock.

STT has been the subject of several analyst reports. Zacks Investment Research raised shares of State Street Corporation from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Tuesday, July 11th. Morgan Stanley raised their price target on shares of State Street Corporation from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Buckingham Research reaffirmed a “buy” rating and issued a $107.00 target price (up previously from $94.00) on shares of State Street Corporation in a research report on Monday, July 10th. Finally, Royal Bank Of Canada cut their target price on shares of State Street Corporation from $104.00 to $95.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $97.07.

Shares of State Street Corporation (NYSE:STT) traded up $0.28 during trading on Friday, hitting $92.53. 1,078,880 shares of the stock traded hands, compared to its average volume of 1,680,000. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.61. The stock has a market cap of $34.31 billion, a PE ratio of 15.24, a PEG ratio of 1.58 and a beta of 1.35. State Street Corporation has a 1-year low of $69.73 and a 1-year high of $99.99.

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

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About State Street Corporation

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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