Asset Management One Co. Ltd. Has $12.12 Million Stock Holdings in State Street Co. (NYSE:STT)

Asset Management One Co. Ltd. grew its holdings in shares of State Street Co. (NYSE:STT - Free Report) by 17.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,040 shares of the asset manager's stock after purchasing an additional 20,183 shares during the period. Asset Management One Co. Ltd.'s holdings in State Street were worth $12,124,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in State Street by 3.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 198,891 shares of the asset manager's stock valued at $15,376,000 after purchasing an additional 6,363 shares during the period. M&G Plc bought a new position in State Street in the 1st quarter worth approximately $7,626,000. Cetera Investment Advisers grew its holdings in State Street by 127.8% in the 1st quarter. Cetera Investment Advisers now owns 44,400 shares of the asset manager's stock worth $3,433,000 after buying an additional 24,906 shares in the last quarter. Forsta AP Fonden raised its stake in State Street by 19.7% during the 1st quarter. Forsta AP Fonden now owns 75,900 shares of the asset manager's stock valued at $5,869,000 after acquiring an additional 12,500 shares in the last quarter. Finally, LSV Asset Management raised its stake in State Street by 10.5% during the 1st quarter. LSV Asset Management now owns 4,044,135 shares of the asset manager's stock valued at $312,693,000 after acquiring an additional 385,404 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Insider Transactions at State Street

In other State Street news, EVP John Plansky sold 13,859 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $91.32, for a total value of $1,265,603.88. Following the completion of the sale, the executive vice president now owns 55,108 shares in the company, valued at $5,032,462.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on State Street from $79.00 to $87.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Wells Fargo & Company raised their target price on shares of State Street from $98.00 to $106.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Bank of America upped their price target on shares of State Street from $85.00 to $96.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 17th. Evercore ISI raised their price objective on shares of State Street from $89.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada upped their target price on State Street from $85.00 to $91.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $91.39.

State Street Trading Down 1.7 %

NYSE STT traded down $1.69 on Thursday, hitting $95.12. 1,915,513 shares of the company were exchanged, compared to its average volume of 2,224,673. State Street Co. has a twelve month low of $66.00 and a twelve month high of $98.45. The company's 50 day moving average price is $88.68 and its 200-day moving average price is $81.15. The firm has a market capitalization of $27.88 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46. 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 posted its quarterly earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.14. State Street had a return on equity of 12.02% and a net margin of 9.87%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the firm earned $1.93 earnings per share. State Street's quarterly revenue was up 21.1% on a year-over-year basis. Analysts predict that State Street Co. will post 8.38 earnings per share for the current fiscal year.

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.