State Street Co. (NYSE:STT) Stake Boosted by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise grew its holdings in shares of State Street Co. (NYSE:STT - Free Report) by 118.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,667 shares of the asset manager's stock after purchasing an additional 23,171 shares during the quarter. Banque Cantonale Vaudoise's holdings in State Street were worth $3,775,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Benjamin F. Edwards & Company Inc. grew its holdings in State Street by 5.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,514 shares of the asset manager's stock valued at $186,000 after buying an additional 129 shares during the period. Massmutual Trust Co. FSB ADV increased its position in State Street by 9.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,739 shares of the asset manager's stock worth $129,000 after purchasing an additional 148 shares during the last quarter. Rockland Trust Co. raised its stake in State Street by 1.8% during the third quarter. Rockland Trust Co. now owns 8,332 shares of the asset manager's stock worth $737,000 after purchasing an additional 150 shares during the period. Mather Group LLC. grew its stake in shares of State Street by 10.9% during the 2nd quarter. Mather Group LLC. now owns 1,613 shares of the asset manager's stock valued at $125,000 after buying an additional 158 shares during the period. Finally, Empirical Finance LLC increased its holdings in shares of State Street by 1.4% during the 3rd quarter. Empirical Finance LLC now owns 11,268 shares of the asset manager's stock worth $997,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Buying and Selling at State Street

In other 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 transaction, the executive vice president now directly owns 55,108 shares in the company, valued at $5,032,462.56. This trade represents a 20.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is owned by company insiders.

State Street Stock Performance

Shares of STT traded up $0.59 during midday trading on Wednesday, hitting $95.30. 1,191,834 shares of the stock traded hands, compared to its average volume of 2,208,649. The business's 50 day moving average price is $90.48 and its two-hundred day moving average price is $82.57. The firm has a market capitalization of $27.94 billion, a PE ratio of 14.96, 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 quick ratio of 0.56 and a current ratio of 0.56. State Street Co. has a 1-year low of $68.99 and a 1-year high of $98.45.

State Street (NYSE:STT - Get Free Report) last posted its earnings results on Tuesday, October 15th. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $2.12 by $0.14. The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.19 billion. State Street had a net margin of 9.87% and a return on equity of 12.02%. State Street's quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.93 EPS. Equities research analysts predict that State Street Co. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STT. Deutsche Bank Aktiengesellschaft lifted their target price on State Street from $90.00 to $95.00 and gave the company a "hold" rating in a report on Monday, November 11th. The Goldman Sachs Group increased their target price on shares of State Street from $98.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Barclays lifted their price target on shares of State Street from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of State Street from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Finally, Morgan Stanley upped their target price on State Street from $100.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $92.11.

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.