XTX Topco Ltd Has $495,000 Stock Holdings in State Street Co. (NYSE:STT)

XTX Topco Ltd cut its holdings in State Street Co. (NYSE:STT - Free Report) by 74.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,595 shares of the asset manager's stock after selling 16,096 shares during the period. XTX Topco Ltd's holdings in State Street were worth $495,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in STT. Benjamin F. Edwards & Company Inc. grew its holdings in shares of State Street by 5.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,514 shares of the asset manager's stock worth $186,000 after purchasing an additional 129 shares in the last quarter. Rockland Trust Co. boosted its holdings in State Street by 1.8% during the third quarter. Rockland Trust Co. now owns 8,332 shares of the asset manager's stock valued at $737,000 after purchasing an additional 150 shares in the last quarter. Empirical Finance LLC lifted its position in shares of State Street by 1.4% during the 3rd quarter. Empirical Finance LLC now owns 11,268 shares of the asset manager's stock worth $997,000 after buying an additional 158 shares during the period. Citizens Financial Group Inc. RI boosted its stake in State Street by 3.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,790 shares of the asset manager's stock valued at $512,000 after buying an additional 184 shares in the last quarter. Finally, Allworth Financial LP grew its position in State Street by 8.3% in the third quarter. Allworth Financial LP now owns 2,425 shares of the asset manager's stock valued at $215,000 after acquiring an additional 185 shares during the period. Institutional investors own 87.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on STT shares. StockNews.com upgraded shares of State Street from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded shares of State Street from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $105.00 to $120.00 in a research report on Tuesday, December 3rd. Barclays raised their price objective on shares of State Street from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their target price 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, Evercore ISI increased their price target on State Street from $89.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, State Street presently has an average rating of "Hold" and an average target price of $97.32.

Insiders Place Their Bets

In other news, EVP Kathryn M. Horgan sold 12,500 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the sale, the executive vice president now owns 111,042 shares of the company's stock, valued at $10,878,784.74. This trade represents a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Plansky sold 13,859 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $91.32, for a total value of $1,265,603.88. Following the completion of the transaction, the executive vice president now owns 55,108 shares of the company's stock, valued at $5,032,462.56. This represents a 20.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,460 shares of company stock worth $2,499,860. Company insiders own 0.31% of the company's stock.

State Street Trading Down 0.1 %

STT traded down $0.15 during trading on Friday, reaching $100.46. 1,922,570 shares of the company's stock were exchanged, compared to its average volume of 2,049,068. The company's fifty day moving average price is $94.68 and its 200-day moving average price is $85.33. The firm has a market capitalization of $29.45 billion, a PE ratio of 15.87, a P/E/G ratio of 1.24 and a beta of 1.44. State Street Co. has a fifty-two week low of $70.20 and a fifty-two week high of $101.91. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 0.56.

State Street (NYSE:STT - Get Free Report) last released its earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.14. State Street had a return on equity of 12.02% and a net margin of 9.87%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. The company's quarterly revenue was up 21.1% on a year-over-year basis. As a group, equities analysts forecast that State Street Co. will post 8.42 EPS for the current year.

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.