Tdam USA Inc. lessened its holdings in State Street Corporation (NYSE:STT) by 4.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 36,867 shares of the asset manager’s stock after selling 1,743 shares during the period. Tdam USA Inc.’s holdings in State Street Corporation were worth $3,522,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of STT. Parallel Advisors LLC grew its position 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 valued at $105,000 after purchasing an additional 172 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of State Street Corporation during the second quarter valued at about $107,000. Bronfman E.L. Rothschild L.P. grew its position 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 valued at $114,000 after purchasing an additional 168 shares in the last quarter. Sabal Trust CO purchased a new position in shares of State Street Corporation during the third quarter valued at about $201,000. Finally, Eagle Asset Management Inc. purchased a new position in shares of State Street Corporation during the second quarter valued at about $200,000. Institutional investors and hedge funds own 87.88% of the company’s stock.

Shares of State Street Corporation (STT) traded down $0.39 during mid-day trading on Friday, reaching $92.67. 1,086,000 shares of the company traded hands, compared to its average volume of 1,963,182. The stock has a market capitalization of $34,365.44, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.36. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61. State Street Corporation has a 12 month low of $74.45 and a 12 month high of $99.99.

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

In other State Street Corporation news, insider Hannah M. Grove sold 3,200 shares of State Street Corporation stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $92.64, for a total value of $296,448.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Joseph L. Hooley sold 25,000 shares of State Street Corporation stock in a transaction on Wednesday, November 1st. The stock was 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. Over the last three months, insiders have sold 28,724 shares of company stock worth $2,659,741. 0.71% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on STT shares. Zacks Investment Research upgraded State Street Corporation from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Thursday, July 27th. Morgan Stanley lifted their price target on State Street Corporation from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $100.00 price target on shares of State Street Corporation in a research report on Friday, September 15th. Finally, Keefe, Bruyette & Woods set a $93.00 price target on State Street Corporation and gave the stock a “hold” rating in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $96.47.

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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.

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

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