State Street Co. (NYSE:STT) Shares Sold by Coho Partners Ltd.

Coho Partners Ltd. decreased its stake in State Street Co. (NYSE:STT - Free Report) by 10.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,111,883 shares of the asset manager's stock after selling 128,690 shares during the quarter. State Street makes up 3.6% of Coho Partners Ltd.'s holdings, making the stock its 13th largest position. Coho Partners Ltd. owned about 0.37% of State Street worth $98,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LRI Investments LLC purchased a new stake in shares of State Street during the 1st quarter worth about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in State Street in the second quarter valued at approximately $27,000. Norwood Financial Corp purchased a new stake in shares of State Street in the first quarter valued at approximately $35,000. Versant Capital Management Inc raised its stake in shares of State Street by 411.9% during the 2nd quarter. Versant Capital Management Inc now owns 517 shares of the asset manager's stock worth $38,000 after buying an additional 416 shares during the period. Finally, Trust Co. of Vermont lifted its position in shares of State Street by 44.4% during the 2nd quarter. Trust Co. of Vermont now owns 650 shares of the asset manager's stock valued at $48,000 after buying an additional 200 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup boosted their price target on shares of State Street from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Monday, July 22nd. Bank of America boosted their target price 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. StockNews.com upgraded State Street from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their target price on State Street from $98.00 to $106.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, Evercore ISI lifted their price target on State Street from $89.00 to $94.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $91.39.

State Street Trading Up 0.5 %

NYSE:STT traded up $0.44 during trading hours on Thursday, reaching $91.87. 1,719,365 shares of the stock were exchanged, compared to its average volume of 2,234,199. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $27.43 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.15 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 business has a 50-day moving average of $86.62 and a two-hundred day moving average of $79.86.

State Street (NYSE:STT - Get Free Report) last released its quarterly 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 company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The firm's revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 earnings per share. On average, equities analysts predict that State Street Co. will post 8.38 EPS for the current year.

Insider Buying and Selling at State Street

In related news, EVP John Plansky sold 13,859 shares of the firm's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $91.32, for a total transaction of $1,265,603.88. Following the transaction, the executive vice president now owns 55,108 shares of the company's stock, valued at $5,032,462.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by company insiders.

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.