UBS Asset Management Americas Inc. increased its stake in State Street Corp. (NYSE:STT) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,011,340 shares of the company’s stock after buying an additional 20,638 shares during the period. UBS Asset Management Americas Inc.’s holdings in State Street Corp. were worth $70,418,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Babson Capital Management LLC increased its position in State Street Corp. by 39.7% in the first quarter. Babson Capital Management LLC now owns 21,461 shares of the company’s stock valued at $1,256,000 after buying an additional 6,100 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in State Street Corp. by 3.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,895 shares of the company’s stock valued at $575,000 after buying an additional 350 shares during the last quarter. CenturyLink Investment Management Co bought a new position in State Street Corp. during the second quarter valued at $183,000. DNB Asset Management AS increased its position in State Street Corp. by 1.5% in the second quarter. DNB Asset Management AS now owns 33,132 shares of the company’s stock valued at $1,786,000 after buying an additional 500 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its position in State Street Corp. by 5.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 102,489 shares of the company’s stock valued at $5,526,000 after buying an additional 5,095 shares during the last quarter. 85.27% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for State Street Corp. (NYSE:STT)

State Street Corp. (NYSE:STT) opened at 78.80 on Thursday. The firm’s 50 day moving average price is $73.23 and its 200-day moving average price is $66.13. The firm has a market cap of $30.40 billion, a PE ratio of 16.12 and a beta of 1.32. State Street Corp. has a 52 week low of $50.60 and a 52 week high of $79.27.

State Street Corp. (NYSE:STT) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.10. State Street Corp. had a return on equity of 11.59% and a net margin of 19.97%. The company earned $2.62 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts forecast that State Street Corp. will post $5.09 EPS for the current year.

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STT has been the subject of several recent research reports. Deutsche Bank AG set a $67.00 price target on State Street Corp. and gave the stock a “hold” rating in a research report on Friday, August 5th. Jefferies Group reaffirmed a “buy” rating on shares of State Street Corp. in a research report on Friday, August 5th. TheStreet raised State Street Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Sandler O’Neill downgraded State Street Corp. from a “buy” rating to a “hold” rating and set a $73.00 price objective for the company. in a research report on Tuesday, September 6th. Finally, Zacks Investment Research raised State Street Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $72.81.

In other State Street Corp. news, EVP Jeffrey N. Carp sold 15,000 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $69.26, for a total transaction of $1,038,900.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Karen C. Keenan sold 1,000 shares of the business’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $70.57, for a total transaction of $70,570.00. Following the sale, the executive vice president now directly owns 48,547 shares in the company, valued at $3,425,961.79. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

About State Street Corp.

State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world.

5 Day Chart for NYSE:STT

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