Fox Run Management L.L.C. acquired a new stake in State Street Corporation (NYSE:STT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,600 shares of the asset manager’s stock, valued at approximately $439,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its holdings in shares of State Street Corporation by 5.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 61,202 shares of the asset manager’s stock valued at $5,490,000 after acquiring an additional 3,365 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new position in shares of State Street Corporation in the 2nd quarter valued at about $4,730,000. Pennsylvania Trust Co increased its holdings in shares of State Street Corporation by 6.5% in the 2nd quarter. Pennsylvania Trust Co now owns 3,948 shares of the asset manager’s stock valued at $361,000 after acquiring an additional 240 shares during the last quarter. Arvest Bank Trust Division increased its holdings in shares of State Street Corporation by 1.1% in the 2nd quarter. Arvest Bank Trust Division now owns 197,863 shares of the asset manager’s stock valued at $17,754,000 after acquiring an additional 2,084 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of State Street Corporation by 87.7% in the 2nd quarter. Royal Bank of Canada now owns 471,434 shares of the asset manager’s stock valued at $42,302,000 after acquiring an additional 220,315 shares during the last quarter. Institutional investors and hedge funds own 87.81% of the company’s stock.

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State Street Corporation (NYSE STT) opened at 92.00 on Wednesday. The stock has a market capitalization of $34.40 billion, a P/E ratio of 16.99 and a beta of 1.31. State Street Corporation has a 52 week low of $69.49 and a 52 week high of $99.99. The firm has a 50 day moving average price of $96.22 and a 200 day moving average price of $90.17.

State Street Corporation (NYSE:STT) last posted its earnings results on Monday, October 23rd. The asset manager reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.10. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. State Street Corporation had a return on equity of 13.03% and a net margin of 20.56%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 earnings per share. Equities research analysts predict that State Street Corporation will post $6.26 earnings per share for the current year.

A number of research analysts have recently commented on STT shares. Zacks Investment Research upgraded State Street Corporation from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Tuesday, July 11th. Buckingham Research reiterated a “buy” rating and issued a $107.00 price objective (up previously from $94.00) on shares of State Street Corporation in a report on Monday, July 10th. Morgan Stanley increased their price objective on State Street Corporation from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of State Street Corporation in a report on Friday, September 15th. Finally, Keefe, Bruyette & Woods set a $93.00 price objective on State Street Corporation and gave the company a “hold” rating in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $97.07.

In other news, insider Andrew Erickson sold 353 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $93.01, for a total transaction of $32,832.53. Following the completion of the transaction, the insider now directly owns 21,170 shares of the company’s stock, valued at $1,969,021.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hannah M. Grove sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $92.55, for a total value of $296,160.00. Following the transaction, the insider now directly owns 39,896 shares of the company’s stock, valued at $3,692,374.80. The disclosure for this sale can be found here. Insiders have sold 3,814 shares of company stock valued at $353,485 over the last ninety days. Corporate insiders own 0.71% of the company’s stock.

About State Street Corporation

State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world.

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Institutional Ownership by Quarter for State Street Corporation (NYSE:STT)

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