Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of State Street Co. (NYSE:STT – Get Rating) by 80.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,073 shares of the asset manager’s stock after selling 41,851 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in State Street were worth $613,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Ronald Blue Trust Inc. acquired a new position in State Street in the 2nd quarter valued at approximately $25,000. Guardian Wealth Advisors LLC acquired a new stake in shares of State Street in the 3rd quarter valued at about $27,000. Rise Advisors LLC acquired a new stake in shares of State Street in the 3rd quarter valued at about $36,000. CNB Bank bought a new position in shares of State Street in the 2nd quarter valued at about $37,000. Finally, Asset Dedication LLC bought a new position in shares of State Street in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 88.41% of the company’s stock.
State Street Stock Down 0.1 %
Shares of NYSE:STT opened at $88.68 on Wednesday. The firm has a fifty day moving average price of $85.77 and a two-hundred day moving average price of $76.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.56 and a quick ratio of 0.56. State Street Co. has a one year low of $58.62 and a one year high of $94.74. The company has a market cap of $30.55 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.16 and a beta of 1.59.
State Street Dividend Announcement
Analysts Set New Price Targets
STT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on State Street from $82.00 to $85.00 in a report on Wednesday, January 11th. Morgan Stanley boosted their price objective on State Street from $93.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 1st. Wells Fargo & Company upgraded State Street from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $88.00 to $98.00 in a report on Monday. Citigroup lifted their price target on shares of State Street from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, December 1st. Finally, The Goldman Sachs Group began coverage on shares of State Street in a research report on Wednesday, January 4th. They set a “neutral” rating for the company. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.75.
Insider Buying and Selling at State Street
In other State Street news, EVP John Plansky sold 11,168 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $92.22, for a total value of $1,029,912.96. Following the completion of the transaction, the executive vice president now directly owns 42,455 shares of the company’s stock, valued at approximately $3,915,200.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP David C. Phelan sold 15,000 shares of the firm’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $86.63, for a total transaction of $1,299,450.00. Following the sale, the executive vice president now owns 72,491 shares in the company, valued at approximately $6,279,895.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Plansky sold 11,168 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $92.22, for a total transaction of $1,029,912.96. Following the sale, the executive vice president now owns 42,455 shares in the company, valued at approximately $3,915,200.10. The disclosure for this sale can be found here. Insiders sold a total of 32,893 shares of company stock valued at $2,923,987 in the last three months. Company insiders own 0.25% of the company’s stock.
State Street Profile
State Street Corp. engages in the provision of financial services to institutional investors. It operates through the Commercial and Financial, and Commercial Real Estate segments. The company was founded in 1792 and is headquartered in Boston, MA.
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