State Street Corporation $STT Stock Holdings Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in shares of State Street Corporation (NYSE:STT) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,520 shares of the asset manager’s stock after acquiring an additional 3,285 shares during the period. Nisa Investment Advisors LLC’s holdings in State Street were worth $17,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Western Wealth Management LLC lifted its position in State Street by 3.1% in the 1st quarter. Western Wealth Management LLC now owns 2,001 shares of the asset manager’s stock valued at $253,000 after acquiring an additional 60 shares in the last quarter. Genesee Capital Advisors LLC boosted its stake in State Street by 1.2% during the 3rd quarter. Genesee Capital Advisors LLC now owns 5,601 shares of the asset manager’s stock valued at $978,000 after purchasing an additional 68 shares during the last quarter. Community Financial Services Group LLC increased its holdings in shares of State Street by 40.7% in the 3rd quarter. Community Financial Services Group LLC now owns 304 shares of the asset manager’s stock worth $53,000 after purchasing an additional 88 shares in the last quarter. 55 North Private Wealth LLC increased its holdings in shares of State Street by 5.6% in the 3rd quarter. 55 North Private Wealth LLC now owns 1,820 shares of the asset manager’s stock worth $318,000 after purchasing an additional 97 shares in the last quarter. Finally, CX Institutional increased its holdings in shares of State Street by 1.0% in the 2nd quarter. CX Institutional now owns 9,788 shares of the asset manager’s stock worth $1,660,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STT. Keefe, Bruyette & Woods boosted their price target on State Street from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Weiss Ratings cut State Street from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, October 6th. Morgan Stanley increased their price objective on State Street from $183.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Zacks Research downgraded State Street from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Finally, Barclays lifted their price objective on State Street from $165.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $189.74.

Insider Buying and Selling

In other State Street news, EVP W. Hu sold 9,758 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $184.52, for a total transaction of $1,800,546.16. Following the completion of the sale, the executive vice president directly owned 49,794 shares in the company, valued at approximately $9,187,988.88. The trade was a 16.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.27% of the company’s stock.

State Street Stock Up 1.3%

STT opened at $168.68 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.57 and a debt-to-equity ratio of 1.07. The firm has a 50 day moving average price of $182.94 and a 200-day moving average price of $170.72. State Street Corporation has a twelve month low of $111.63 and a twelve month high of $195.93. The stock has a market capitalization of $46.34 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.77 and a beta of 1.41.

State Street (NYSE:STT) last issued its quarterly earnings data on Wednesday, October 14th. The asset manager reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.01. State Street had a net margin of 15.81% and a return on equity of 16.36%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the firm earned $2.78 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts forecast that State Street Corporation will post 13.77 earnings per share for the current year.

Key Stories Impacting State Street

Here are the key news stories impacting State Street this week:

• Positive Sentiment: State Street issued $750 million of fixed-to-floating-rate senior notes, strengthening funding capacity and liquidity. The additional debt may also support balance-sheet flexibility and investment in the company’s asset-servicing and asset-management businesses. State Street Boosts Funding with New Senior Notes
• Neutral Sentiment: Analyst commentary on State Street and Deutsche Bank provides additional sector perspective, but the available report details do not indicate a material change to State Street’s earnings outlook. The company’s latest quarterly results remain a supportive backdrop, with earnings slightly above consensus and revenue up year over year. Analysts Offer Insights on Financial Companies
• Neutral Sentiment: State Street and affiliated investment-management entities reported reducing or exiting substantial-holder positions in several Australian companies, including IDP Education, McMillan Shakespeare, Bega Cheese, Amotiv, Downer EDI, Clarity Pharmaceuticals, FireFly Metals and oOh!media. These disclosures appear to reflect portfolio rebalancing rather than a change in STT’s corporate strategy. State Street Australian Holdings Update
• Neutral Sentiment: State Street Global Advisors Singapore added a market maker to the SPDR Straits Times Index ETF, which could improve trading liquidity and support the ETF franchise, although the direct financial effect on STT is likely limited. SPDR Straits Times Index ETF Adds New Market Maker
• Negative Sentiment: BMO Capital Markets issued a pessimistic forecast for State Street, while Citi cut its price target from $212 to $190. Target reductions can pressure the stock by signaling more limited upside, even though the revised targets may still imply value depending on the current share price. BMO Capital Markets Issues Pessimistic Forecast Citi Cuts State Street Stock Target

About State Street

State Street Corporation is a financial services holding company headquartered in Boston, Massachusetts. Founded in 1792, it provides services primarily to institutional investors, including asset owners, asset managers, insurance companies, official institutions and other financial organizations.

The company’s businesses include investment servicing, asset management, securities finance, foreign exchange, and trading and research services. Through its servicing operations, State Street provides custody, fund accounting, administration, investment operations, transfer agency and related support.