Insider Selling: State Street Co. (NYSE:STT) EVP Sells 13,859 Shares of Stock

State Street Co. (NYSE:STT - Get Free Report) EVP John Plansky sold 13,859 shares of the business's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $91.32, for a total value of $1,265,603.88. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

State Street Stock Down 1.4 %

STT traded down $1.24 during trading on Monday, hitting $90.19. The stock had a trading volume of 1,637,634 shares, compared to its average volume of 2,239,712. The company has a market capitalization of $27.17 billion, a PE ratio of 16.89, a PEG ratio of 1.17 and a beta of 1.48. State Street Co. has a twelve month low of $62.78 and a twelve month high of $94.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.54 and a current ratio of 0.56. The stock has a 50 day simple moving average of $86.15 and a two-hundred day simple moving average of $79.68.

State Street (NYSE:STT - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.19 billion. State Street had a net margin of 9.87% and a return on equity of 12.02%. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 earnings per share. On average, research analysts predict that State Street Co. will post 8.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. increased its holdings in State Street by 5.4% in the second 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 in the last quarter. HB Wealth Management LLC lifted its holdings in shares of State Street by 3.4% in the 1st quarter. HB Wealth Management LLC now owns 4,309 shares of the asset manager's stock worth $333,000 after acquiring an additional 140 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of State Street by 9.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,739 shares of the asset manager's stock worth $129,000 after acquiring an additional 148 shares during the last quarter. Rockland Trust Co. increased its stake in State Street by 1.8% during the 3rd quarter. Rockland Trust Co. now owns 8,332 shares of the asset manager's stock worth $737,000 after buying an additional 150 shares during the period. Finally, Mather Group LLC. increased its stake in State Street by 10.9% during the 2nd quarter. Mather Group LLC. now owns 1,613 shares of the asset manager's stock worth $125,000 after buying an additional 158 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STT has been the subject of several recent analyst reports. Citigroup upped their target price on State Street from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Barclays increased their price objective on State Street from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lowered their price objective on State Street from $88.00 to $84.00 and set a "market perform" rating on the stock in a research report on Thursday, June 27th. Royal Bank of Canada raised their price target on State Street from $85.00 to $91.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 17th. Finally, Evercore ISI raised 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $91.39.

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.