12,711 Shares in State Street Co. (NYSE:STT) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new position in State Street Co. (NYSE:STT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,711 shares of the asset manager's stock, valued at approximately $1,125,000.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in State Street during the 2nd quarter valued at $27,000. Coastline Trust Co bought a new position in shares of State Street in the 3rd quarter worth approximately $44,000. Capital Performance Advisors LLP bought a new stake in State Street during the 3rd quarter worth approximately $54,000. Family Firm Inc. purchased a new stake in State Street during the 2nd quarter valued at approximately $61,000. Finally, Tobam purchased a new stake in State Street during the 3rd quarter valued at approximately $77,000. 87.44% of the stock is currently owned by institutional investors.

State Street Stock Down 0.1 %

NYSE:STT traded down $0.15 on Friday, hitting $100.46. 1,922,570 shares of the company's stock were exchanged, compared to its average volume of 2,049,068. The company has a market cap of $29.45 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. The firm has a 50-day moving average price of $94.68 and a 200-day moving average price of $85.33. State Street Co. has a 52 week low of $70.20 and a 52 week high of $101.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.56 and a quick ratio of 0.56.

State Street (NYSE:STT - Get Free Report) last announced its earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.14. State Street had a net margin of 9.87% and a return on equity of 12.02%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The business's revenue was up 21.1% compared to the same quarter last year. As a group, analysts expect that State Street Co. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

STT has been the subject of a number of analyst reports. Barclays raised their price target on State Street from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their price objective on State Street from $98.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft raised their price objective on State Street from $90.00 to $95.00 and gave the company a "hold" rating in a report on Monday, November 11th. StockNews.com raised State Street from a "hold" rating to a "buy" rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company increased their price target on State Street from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, State Street has a consensus rating of "Hold" and an average price target of $97.32.

Insider Buying and Selling

In other State Street news, EVP John Plansky sold 13,859 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $91.32, for a total transaction of $1,265,603.88. Following the sale, the executive vice president now owns 55,108 shares in the company, valued at $5,032,462.56. This represents a 20.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn M. Horgan sold 12,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $97.97, for a total value of $1,224,625.00. Following the completion of the sale, the executive vice president now owns 111,042 shares in the company, valued at $10,878,784.74. This trade represents a 10.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,460 shares of company stock worth $2,499,860 in the last 90 days. Insiders own 0.31% of the company's stock.

State Street 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.