State Street Corp (NYSE:STT) insider Andrew Erickson sold 231 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $71.25, for a total transaction of $16,458.75. The sale was disclosed in a document filed with the SEC, which is available at this link.

STT opened at $71.19 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $27.24 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.05 and a beta of 1.34. State Street Corp has a 1-year low of $65.81 and a 1-year high of $114.27.

State Street (NYSE:STT) last posted its quarterly earnings data on Friday, October 19th. The asset manager reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.02). The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.02 billion. State Street had a net margin of 19.90% and a return on equity of 14.99%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 EPS. As a group, equities research analysts forecast that State Street Corp will post 7.43 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB lifted its holdings in State Street by 15.4% in the second quarter. Xact Kapitalforvaltning AB now owns 96,524 shares of the asset manager’s stock valued at $8,985,000 after acquiring an additional 12,912 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in State Street in the second quarter valued at approximately $329,000. Boston Advisors LLC lifted its holdings in State Street by 9.5% in the second quarter. Boston Advisors LLC now owns 38,777 shares of the asset manager’s stock valued at $3,610,000 after acquiring an additional 3,360 shares during the last quarter. James Investment Research Inc. lifted its holdings in State Street by 9.4% in the second quarter. James Investment Research Inc. now owns 19,905 shares of the asset manager’s stock valued at $1,853,000 after acquiring an additional 1,715 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in State Street in the second quarter valued at approximately $754,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of State Street from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of State Street in a research report on Friday, August 3rd. Wolfe Research assumed coverage on shares of State Street in a research report on Tuesday, September 25th. They set a “market perform” rating for the company. Wells Fargo & Co set a $105.00 target price on shares of State Street and gave the stock a “buy” rating in a research report on Thursday, August 16th. Finally, Morgan Stanley upgraded shares of State Street from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $109.00 to $115.00 in a research report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. State Street has an average rating of “Hold” and a consensus target price of $102.47.

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About State Street

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; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.

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