apricus wealth LLC Has $4.67 Million Holdings in State Street Corporation $STT

apricus wealth LLC grew its position in State Street Corporation (NYSE:STT) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 43,925 shares of the asset manager’s stock after buying an additional 1,445 shares during the period. State Street makes up about 2.7% of apricus wealth LLC’s investment portfolio, making the stock its 2nd largest holding. apricus wealth LLC’s holdings in State Street were worth $4,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in State Street by 9.0% in the 1st quarter. Invesco Ltd. now owns 8,184,690 shares of the asset manager’s stock worth $732,775,000 after acquiring an additional 674,120 shares during the last quarter. Northern Trust Corp raised its stake in shares of State Street by 2.8% in the first quarter. Northern Trust Corp now owns 4,264,161 shares of the asset manager’s stock worth $381,770,000 after purchasing an additional 115,751 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of State Street by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,068,867 shares of the asset manager’s stock valued at $274,732,000 after purchasing an additional 14,011 shares in the last quarter. Eastern Bank boosted its position in shares of State Street by 6,967.4% during the first quarter. Eastern Bank now owns 2,989,452 shares of the asset manager’s stock valued at $267,646,000 after buying an additional 2,947,153 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in State Street by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,713,415 shares of the asset manager’s stock worth $242,932,000 after buying an additional 49,353 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STT shares. TD Cowen began coverage on shares of State Street in a report on Thursday, September 25th. They set a “buy” rating on the stock. Evercore ISI increased their price objective on shares of State Street from $117.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. The Goldman Sachs Group lifted their target price on shares of State Street from $109.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Wells Fargo & Company increased their price target on State Street from $121.00 to $129.00 and gave the company an “overweight” rating in a report on Monday. Finally, Truist Financial cut their price objective on State Street from $133.00 to $131.00 and set a “buy” rating for the company in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

State Street Trading Up 3.4%

Shares of State Street stock opened at $115.19 on Tuesday. State Street Corporation has a 1-year low of $72.81 and a 1-year high of $118.24. The company’s fifty day simple moving average is $113.71 and its 200-day simple moving average is $103.55. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.59 and a quick ratio of 0.57. The stock has a market capitalization of $32.68 billion, a PE ratio of 12.19, a P/E/G ratio of 1.14 and a beta of 1.46.

State Street (NYSE:STT) last announced its earnings results on Friday, October 17th. The asset manager reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.21. State Street had a return on equity of 13.37% and a net margin of 13.14%.The company had revenue of $13 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm earned $2.26 EPS. State Street’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts anticipate that State Street Corporation will post 9.68 earnings per share for the current year.

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.