B. Metzler seel. Sohn & Co. Holding AG Makes New $3.57 Million Investment in State Street Co. (NYSE:STT)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in State Street Co. (NYSE:STT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,296 shares of the asset manager's stock, valued at approximately $3,565,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STT. Lake Street Advisors Group LLC bought a new position in State Street during the first quarter valued at about $262,000. Shell Asset Management Co. lifted its position in State Street by 21.6% in the first quarter. Shell Asset Management Co. now owns 19,088 shares of the asset manager's stock worth $1,476,000 after purchasing an additional 3,387 shares during the period. Advisors Asset Management Inc. boosted its stake in State Street by 35.7% during the first quarter. Advisors Asset Management Inc. now owns 16,253 shares of the asset manager's stock worth $1,257,000 after buying an additional 4,276 shares in the last quarter. Capital International Investors increased its holdings in State Street by 0.5% in the 1st quarter. Capital International Investors now owns 6,626,753 shares of the asset manager's stock valued at $512,381,000 after buying an additional 31,314 shares during the period. Finally, Capital International Sarl raised its stake in shares of State Street by 3.3% in the 1st quarter. Capital International Sarl now owns 32,673 shares of the asset manager's stock valued at $2,526,000 after buying an additional 1,048 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

State Street Stock Up 0.6 %

Shares of NYSE STT opened at $95.30 on Thursday. 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 company has a market cap of $27.94 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.46. State Street Co. has a 12-month low of $68.99 and a 12-month high of $98.45. The firm's 50-day simple moving average is $90.73 and its 200 day simple moving average is $82.65.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share for the quarter, beating 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 business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the business posted $1.93 earnings per share. State Street's revenue for the quarter was up 21.1% compared to the same quarter last year. On average, research analysts expect that State Street Co. will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John Plansky sold 13,859 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 55,108 shares in the company, valued at approximately $5,032,462.56. The trade was a 20.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

STT has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of State Street from $98.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Evercore ISI upped their price objective on State Street from $89.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Morgan Stanley increased their target price on State Street from $100.00 to $102.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on State Street from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Finally, StockNews.com lowered State Street from a "buy" rating to a "hold" rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, State Street currently has a consensus rating of "Hold" and a consensus target price of $92.11.

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.