Caprock Group LLC Has $1.12 Million Stake in State Street Co. (NYSE:STT)

Caprock Group LLC trimmed its holdings in shares of State Street Co. (NYSE:STT - Free Report) by 29.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,659 shares of the asset manager's stock after selling 5,297 shares during the period. Caprock Group LLC's holdings in State Street were worth $1,120,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of STT. Pathstone Holdings LLC raised its holdings in shares of State Street by 1.2% during the third quarter. Pathstone Holdings LLC now owns 74,575 shares of the asset manager's stock valued at $6,598,000 after buying an additional 856 shares during the last quarter. Adero Partners LLC acquired a new position in State Street during the 3rd quarter worth $248,000. Natixis Advisors LLC boosted its position in State Street by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 238,952 shares of the asset manager's stock worth $21,140,000 after acquiring an additional 2,772 shares during the period. Coastline Trust Co bought a new position in shares of State Street in the third quarter worth $44,000. Finally, Empowered Funds LLC increased its holdings in shares of State Street by 11.4% during the third quarter. Empowered Funds LLC now owns 4,929 shares of the asset manager's stock valued at $432,000 after purchasing an additional 504 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at State Street

In related news, EVP John Plansky sold 13,859 shares of the company's stock in a transaction on Friday, October 18th. The shares were 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 $5,032,462.56. This represents a 20.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.31% of the company's stock.

State Street Stock Up 1.2 %

NYSE STT traded up $1.16 during trading on Friday, hitting $97.50. 1,512,605 shares of the company traded hands, compared to its average volume of 2,201,700. The company has a market capitalization of $28.58 billion, a P/E ratio of 15.22, a PEG ratio of 1.17 and a beta of 1.46. The business has a fifty day simple moving average of $91.01 and a 200 day simple moving average of $82.75. State Street Co. has a 12 month low of $69.56 and a 12 month high of $98.45. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.91.

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. The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The company's revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. As a group, sell-side analysts predict that State Street Co. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on STT. Morgan Stanley raised their target price on shares of State Street from $100.00 to $102.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Evercore ISI upped their target price on State Street from $89.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Barclays lifted their price target on State Street from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. StockNews.com lowered State Street from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of State Street from $90.00 to $95.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $92.11.

About State Street

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.