State Street Co. (NYSE:STT) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its holdings in shares of State Street Co. (NYSE:STT) by 287.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,231 shares of the asset manager’s stock after purchasing an additional 9,072 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in State Street were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Douglass Winthrop Advisors LLC acquired a new stake in shares of State Street during the third quarter worth approximately $204,000. Daiwa Securities Group Inc. raised its holdings in shares of State Street by 23.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 51,039 shares of the asset manager’s stock valued at $4,516,000 after purchasing an additional 9,561 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of State Street by 35.1% during the 3rd quarter. Cerity Partners LLC now owns 60,936 shares of the asset manager’s stock worth $5,391,000 after acquiring an additional 15,818 shares in the last quarter. Raymond James Trust N.A. bought a new stake in State Street during the third quarter worth approximately $226,000. Finally, L & S Advisors Inc grew its stake in State Street by 332.2% in the 3rd quarter. L & S Advisors Inc now owns 126,793 shares of the asset manager’s stock valued at $11,217,000 after buying an additional 97,454 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of State Street from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Evercore ISI boosted their price objective on shares of State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of State Street from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Wells Fargo & Company raised their target price on State Street from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group lifted their target price on State Street from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $92.11.

Insider Buying and Selling at State Street

In other State Street news, EVP John Plansky sold 13,859 shares of State Street stock in a transaction dated 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 transaction, the executive vice president now owns 55,108 shares in the company, valued at $5,032,462.56. The trade was a 20.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn M. Horgan sold 12,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the completion of the transaction, the executive vice president now directly owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. The trade was a 10.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,460 shares of company stock valued at $2,499,860 in the last quarter. Company insiders own 0.31% of the company’s stock.

State Street Stock Performance

Shares of NYSE STT opened at $98.80 on Wednesday. The stock has a market capitalization of $28.96 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46. State Street Co. has a 52 week low of $69.56 and a 52 week high of $99.50. The stock has a 50 day moving average price of $91.80 and a 200 day moving average price of $83.33. 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) last issued its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.14. The firm 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 last year, the business posted $1.93 earnings per share. 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.