apricus wealth LLC Has $3.70 Million Stock Holdings in State Street Co. (NYSE:STT)

apricus wealth LLC raised its stake in State Street Co. (NYSE:STT) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,852 shares of the asset manager’s stock after buying an additional 547 shares during the period. State Street comprises about 2.4% of apricus wealth LLC’s investment portfolio, making the stock its 10th biggest position. apricus wealth LLC’s holdings in State Street were worth $3,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. LSV Asset Management lifted its stake in State Street by 30.6% during the second quarter. LSV Asset Management now owns 5,282,386 shares of the asset manager’s stock worth $390,897,000 after purchasing an additional 1,238,251 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in State Street by 541.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 751,641 shares of the asset manager’s stock worth $58,117,000 after buying an additional 634,422 shares during the last quarter. SG Americas Securities LLC boosted its stake in State Street by 430.5% in the first quarter. SG Americas Securities LLC now owns 735,136 shares of the asset manager’s stock worth $56,841,000 after buying an additional 596,567 shares in the last quarter. Lazard Asset Management LLC grew its position in State Street by 168.7% during the first quarter. Lazard Asset Management LLC now owns 807,950 shares of the asset manager’s stock valued at $62,469,000 after acquiring an additional 507,270 shares during the last quarter. Finally, Metropolis Capital Ltd lifted its holdings in shares of State Street by 13.1% in the 2nd quarter. Metropolis Capital Ltd now owns 4,124,840 shares of the asset manager’s stock worth $305,238,000 after acquiring an additional 479,205 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

State Street Stock Up 0.5 %

Shares of State Street stock opened at $91.87 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.91. State Street Co. has a 12-month low of $62.78 and a 12-month high of $94.60. The company has a market cap of $27.43 billion, a P/E ratio of 14.51, a PEG ratio of 1.15 and a beta of 1.48. The company’s fifty day simple moving average is $86.62 and its two-hundred day simple moving average is $79.86.

State Street (NYSE:STT) last announced its quarterly earnings results on Tuesday, October 15th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.14. State Street had a net margin of 9.87% and a return on equity of 12.02%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the company earned $1.93 earnings per share. State Street’s quarterly revenue was up 21.1% on a year-over-year basis. Research analysts anticipate that State Street Co. will post 8.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STT. Keefe, Bruyette & Woods reduced their target price on shares of State Street from $88.00 to $84.00 and set a “market perform” rating on the stock in a report on Thursday, June 27th. Bank of America raised their price objective on State Street from $85.00 to $96.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft boosted their target price on State Street from $79.00 to $87.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Wells Fargo & Company raised their price target on State Street from $98.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Citigroup boosted their price objective on State Street from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, State Street currently has a consensus rating of “Hold” and an average price target of $91.39.

Insiders Place Their Bets

In other news, EVP John Plansky sold 13,859 shares of the firm’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 in the company, valued at $5,032,462.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

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.