XTX Topco Ltd Sells 16,096 Shares of State Street Co. (NYSE:STT)

XTX Topco Ltd trimmed its stake in State Street Co. (NYSE:STT) by 74.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,595 shares of the asset manager’s stock after selling 16,096 shares during the period. XTX Topco Ltd’s holdings in State Street were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STT. Ashton Thomas Private Wealth LLC bought a new stake in State Street during the second quarter valued at about $27,000. Coastline Trust Co bought a new stake in State Street during the 3rd quarter valued at approximately $44,000. Capital Performance Advisors LLP bought a new stake in State Street during the 3rd quarter valued at approximately $54,000. Family Firm Inc. acquired a new stake in State Street in the 2nd quarter valued at approximately $61,000. Finally, LRI Investments LLC increased its position in State Street by 202.7% in the 2nd quarter. LRI Investments LLC now owns 993 shares of the asset manager’s stock worth $73,000 after buying an additional 665 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STT has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of State Street from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $105.00 to $120.00 in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upped their price objective 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. Evercore ISI lifted their target price on State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on State Street from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group boosted their price objective on State Street from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, State Street has an average rating of “Hold” and an average price target of $97.32.

State Street Stock Down 0.1 %

STT opened at $100.46 on Friday. The firm has a market cap of $29.45 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.23 and a beta of 1.44. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s 50-day simple moving average is $94.68 and its 200-day simple moving average is $85.33. State Street Co. has a twelve month low of $70.20 and a twelve month high of $101.91.

State Street (NYSE:STT) last posted its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.14. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.19 billion. State Street had a net margin of 9.87% and a return on equity of 12.02%. The company’s revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $1.93 earnings per share. Equities research analysts anticipate that State Street Co. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Kathryn M. Horgan sold 12,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the transaction, the executive vice president now owns 111,042 shares in the company, valued at $10,878,784.74. This represents a 10.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Plansky sold 13,859 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $91.32, for a total transaction of $1,265,603.88. Following the completion of the sale, the executive vice president now owns 55,108 shares of the company’s stock, valued at $5,032,462.56. The trade was a 20.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,460 shares of company stock valued at $2,499,860. 0.31% of the stock is currently 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.