TCW Group Inc. grew its stake in State Street Corporation (NYSE:STT) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,517,103 shares of the asset manager’s stock after purchasing an additional 38,941 shares during the quarter. TCW Group Inc. owned approximately 0.41% of State Street Corporation worth $144,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of State Street Corporation by 8.6% in the third quarter. Teacher Retirement System of Texas now owns 522,752 shares of the asset manager’s stock valued at $49,944,000 after purchasing an additional 41,564 shares during the period. Rhumbline Advisers increased its position in State Street Corporation by 2.8% during the third quarter. Rhumbline Advisers now owns 635,799 shares of the asset manager’s stock worth $60,744,000 after acquiring an additional 17,400 shares during the period. Advisor Group Inc. increased its position in State Street Corporation by 6.1% during the third quarter. Advisor Group Inc. now owns 41,066 shares of the asset manager’s stock worth $3,924,000 after acquiring an additional 2,377 shares during the period. Todd Asset Management LLC increased its position in State Street Corporation by 84.0% during the third quarter. Todd Asset Management LLC now owns 399,013 shares of the asset manager’s stock worth $38,122,000 after acquiring an additional 182,164 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in State Street Corporation by 50.3% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 172,157 shares of the asset manager’s stock worth $16,448,000 after acquiring an additional 57,630 shares during the period. 88.15% of the stock is currently owned by institutional investors.

State Street Corporation (NYSE STT) traded up $0.14 on Tuesday, hitting $90.79. 1,444,800 shares of the stock were exchanged, compared to its average volume of 1,970,941. State Street Corporation has a one year low of $74.45 and a one year high of $99.99. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61. The firm has a market cap of $33,616.35, a P/E ratio of 14.93, a P/E/G ratio of 1.55 and a beta of 1.36.

State Street Corporation (NYSE:STT) last posted its quarterly earnings results on Monday, October 23rd. The asset manager reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $1.35 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts predict that State Street Corporation will post 6.25 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of State Street Corporation in a research report on Wednesday, August 9th. They set an “outperform” rating and a $115.00 price target on the stock. Zacks Investment Research lowered shares of State Street Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada lowered 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 report on Tuesday, October 24th. ValuEngine lowered shares of State Street Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of State Street Corporation in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $97.07.

In other news, Chairman Joseph L. Hooley sold 25,000 shares of the firm’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 value of $2,315,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Hannah M. Grove sold 3,200 shares of the firm’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,814 shares of company stock worth $2,668,773. 0.71% of the stock is currently owned by corporate insiders.

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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.

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

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