State Street (NYSE:STT) Given New $95.00 Price Target at Deutsche Bank Aktiengesellschaft

State Street (NYSE:STT - Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from $90.00 to $95.00 in a research report released on Monday morning,Benzinga reports. They currently have a hold rating on the asset manager's stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup boosted their target price on shares of State Street from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Barclays boosted their target price 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. Evercore ISI boosted their target price on shares of State Street from $89.00 to $94.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Morgan Stanley boosted their price target on State Street from $100.00 to $102.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their target price on State Street from $85.00 to $91.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 17th. Two research 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.com, the company has an average rating of "Hold" and a consensus target price of $91.96.

State Street Stock Performance

STT stock traded up $1.77 during midday trading on Monday, reaching $96.55. 1,692,088 shares of the company were exchanged, compared to its average volume of 2,224,611. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50-day moving average price of $89.02 and a two-hundred day moving average price of $81.48. State Street has a one year low of $66.86 and a one year high of $98.45. The firm has a market capitalization of $28.30 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.21 and a beta of 1.46.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.14. State Street had a net margin of 9.87% and a return on equity of 12.02%. The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.19 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. Equities research analysts forecast that State Street will post 8.38 EPS for the current year.

Insider Activity at State Street

In related news, EVP John Plansky sold 13,859 shares of the company's stock in a transaction that occurred 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 directly owns 55,108 shares in the company, valued at $5,032,462.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On State Street

Institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp grew its position in State Street by 3.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 198,891 shares of the asset manager's stock valued at $15,376,000 after purchasing an additional 6,363 shares during the period. M&G Plc bought a new stake in shares of State Street during the 1st quarter worth $7,626,000. Cetera Investment Advisers raised its stake in shares of State Street by 127.8% during the 1st quarter. Cetera Investment Advisers now owns 44,400 shares of the asset manager's stock worth $3,433,000 after purchasing an additional 24,906 shares during the period. Edgestream Partners L.P. raised its stake in shares of State Street by 44.7% during the 1st quarter. Edgestream Partners L.P. now owns 30,745 shares of the asset manager's stock worth $2,377,000 after purchasing an additional 9,499 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of State Street during the 1st quarter worth $908,000. 87.44% of the stock is currently owned by institutional investors.

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.