40,296 Shares in State Street Co. (NYSE:STT) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in State Street Co. (NYSE:STT) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 40,296 shares of the asset manager’s stock, valued at approximately $3,565,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Lake Street Advisors Group LLC purchased a new stake in State Street during the 1st quarter worth about $262,000. Shell Asset Management Co. boosted its holdings in State Street by 21.6% in the first quarter. Shell Asset Management Co. now owns 19,088 shares of the asset manager’s stock valued at $1,476,000 after purchasing an additional 3,387 shares in the last quarter. Advisors Asset Management Inc. increased its stake in State Street by 35.7% in the first quarter. Advisors Asset Management Inc. now owns 16,253 shares of the asset manager’s stock valued at $1,257,000 after purchasing an additional 4,276 shares during the last quarter. Capital International Investors raised its holdings in State Street by 0.5% during the first quarter. Capital International Investors now owns 6,626,753 shares of the asset manager’s stock worth $512,381,000 after purchasing an additional 31,314 shares in the last quarter. Finally, Capital International Sarl lifted its position in shares of State Street by 3.3% during the 1st quarter. Capital International Sarl now owns 32,673 shares of the asset manager’s stock worth $2,526,000 after buying an additional 1,048 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

State Street Price Performance

Shares of NYSE:STT opened at $95.30 on Thursday. State Street Co. has a 52 week low of $68.99 and a 52 week high of $98.45. The company has a 50-day moving average price of $90.73 and a 200 day moving average price of $82.65. The company has a market cap of $27.94 billion, a P/E ratio of 15.06, a PEG ratio of 1.18 and a beta of 1.46. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.91.

State Street (NYSE:STT) last posted its quarterly earnings results on Tuesday, October 15th. The asset manager reported $2.26 EPS 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 business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the firm earned $1.93 EPS. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. Research analysts predict that State Street Co. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

STT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of State Street from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Monday, November 11th. StockNews.com cut State Street from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on State Street from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley lifted their price target on State Street from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price objective on State Street from $98.00 to $100.00 and gave the company 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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 the stock in a transaction dated 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 directly owns 55,108 shares of the company’s stock, valued at approximately $5,032,462.56. This trade represents a 20.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.