Whittier Trust Co. of Nevada Inc. Has $117,000 Position in State Street Co. (NYSE:STT)

Whittier Trust Co. of Nevada Inc. cut its position in State Street Co. (NYSE:STT) by 35.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,318 shares of the asset manager’s stock after selling 714 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in State Street were worth $117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management lifted its holdings in State Street by 17.9% during the first quarter. Brookstone Capital Management now owns 7,439 shares of the asset manager’s stock worth $575,000 after acquiring an additional 1,127 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of State Street by 3.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 20,739 shares of the asset manager’s stock valued at $1,604,000 after purchasing an additional 786 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of State Street by 5.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,232 shares of the asset manager’s stock valued at $2,647,000 after purchasing an additional 1,707 shares during the period. Norwood Financial Corp bought a new stake in State Street during the 1st quarter worth approximately $35,000. Finally, Trilogy Capital Inc. bought a new position in State Street in the first quarter valued at approximately $2,752,000. 87.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STT has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of State Street from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Morgan Stanley boosted their price target on State Street from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Bank of America increased their price objective on State Street from $85.00 to $96.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Evercore ISI boosted their target price on State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, StockNews.com raised shares of State Street from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $91.39.

State Street Stock Performance

Shares of STT stock opened at $91.45 on Thursday. The stock has a market cap of $27.55 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.17 and a beta of 1.48. The company has a fifty day moving average price of $86.62 and a two-hundred day moving average price of $79.86. State Street Co. has a one year low of $62.78 and a one year high of $94.60. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.56 and a quick ratio of 0.54.

State Street (NYSE:STT) last posted its quarterly earnings results on Tuesday, October 15th. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company posted $1.93 earnings per share. State Street’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, equities analysts predict that State Street Co. will post 8.36 EPS for the current year.

Insider Buying and Selling at State Street

In other State Street news, EVP John Plansky sold 13,859 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 55,108 shares in the company, valued at $5,032,462.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

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, 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.