Dynamic Technology Lab Private Ltd Has $1.08 Million Position in State Street Co. (NYSE:STT)

Dynamic Technology Lab Private Ltd boosted its position in State Street Co. (NYSE:STT) by 287.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,231 shares of the asset manager’s stock after acquiring an additional 9,072 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in State Street were worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. LRI Investments LLC purchased a new position in shares of State Street in the 1st quarter worth about $25,000. Ashton Thomas Private Wealth LLC bought a new position in State Street in the 2nd quarter worth about $27,000. Versant Capital Management Inc increased its holdings in shares of State Street by 411.9% in the second quarter. Versant Capital Management Inc now owns 517 shares of the asset manager’s stock worth $38,000 after purchasing an additional 416 shares during the period. Coastline Trust Co purchased a new stake in State Street in the third quarter valued at approximately $44,000. Finally, Trust Co. of Vermont lifted its stake in State Street by 44.4% during the second quarter. Trust Co. of Vermont now owns 650 shares of the asset manager’s stock worth $48,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays lifted their price objective on State Street from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on shares of State Street from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. StockNews.com lowered State Street from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of State Street from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley lifted their price target on State Street from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.11.

State Street Price Performance

Shares of State Street stock opened at $98.80 on Wednesday. The stock has a market cap of $28.96 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.22 and a beta of 1.46. 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 stock’s fifty day moving average is $91.80 and its 200 day moving average is $83.33. State Street Co. has a one year low of $69.56 and a one year high of $99.50.

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, beating analysts’ consensus estimates of $2.12 by $0.14. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 EPS. Sell-side analysts anticipate that State Street Co. will post 8.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Kathryn M. Horgan sold 12,500 shares of State Street stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the sale, the executive vice president now owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. This trade represents a 10.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Plansky sold 13,859 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $91.32, for a total value of $1,265,603.88. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,460 shares of company stock worth $2,499,860 over the last three months. 0.31% of the stock is currently owned by company insiders.

State Street 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.