Nomura Asset Management Co. Ltd. Buys 5,167 Shares of State Street Co. (NYSE:STT)

Nomura Asset Management Co. Ltd. grew its holdings in State Street Co. (NYSE:STT - Free Report) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,247 shares of the asset manager's stock after purchasing an additional 5,167 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in State Street were worth $8,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new stake in State Street in the 2nd quarter valued at $27,000. Coastline Trust Co purchased a new position in shares of State Street in the 3rd quarter worth approximately $44,000. Capital Performance Advisors LLP bought a new position in shares of State Street in the third quarter valued at approximately $54,000. Family Firm Inc. purchased a new stake in shares of State Street during the second quarter valued at approximately $61,000. Finally, LRI Investments LLC grew its stake in State Street by 202.7% in the 2nd quarter. LRI Investments LLC now owns 993 shares of the asset manager's stock valued at $73,000 after purchasing an additional 665 shares during the period. Institutional investors and hedge funds 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 firm's stock in a transaction dated 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 sale, the executive vice president now owns 55,108 shares of the company's stock, valued at $5,032,462.56. This trade represents a 20.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathryn M. Horgan sold 12,500 shares of the firm's 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 transaction, the executive vice president now owns 111,042 shares in the company, valued at approximately $10,878,784.74. This trade represents a 10.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,460 shares of company stock worth $2,499,860. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on STT shares. Deutsche Bank Aktiengesellschaft increased their price target 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. Barclays upped 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. Evercore ISI upped their price target 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. The Goldman Sachs Group lifted their price objective on shares of State Street from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Finally, Keefe, Bruyette & Woods raised State Street from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $105.00 to $120.00 in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $97.32.

State Street Trading Down 0.1 %

Shares of STT traded down $0.14 during mid-day trading on Friday, reaching $100.48. The company's stock had a trading volume of 1,922,570 shares, compared to its average volume of 2,210,929. 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 Co. has a 52 week low of $70.20 and a 52 week high of $101.91. The company's fifty day moving average price is $94.42 and its two-hundred day moving average price is $85.08. The stock has a market cap of $29.45 billion, a PE ratio of 15.82, a P/E/G ratio of 1.23 and a beta of 1.44.

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 (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $1.93 earnings per share. The company's revenue was up 21.1% on a year-over-year basis. On average, analysts predict that State Street Co. will post 8.42 earnings per share for the current fiscal year.

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.