Yacktman Asset Management Lp buys $111,339,180 stake in State Street Corp (STT)

State Street Corp (STT) : Yacktman Asset Management Lp scooped up 15,000 additional shares in State Street Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,690,800 shares of State Street Corp which is valued at $111,339,180.State Street Corp makes up approximately 0.91% of Yacktman Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in STT by selling 3,384 shares or 4.45% in the most recent quarter. The Hedge Fund company now holds 72,742 shares of STT which is valued at $4,790,061. State Street Corp makes up approx 0.19% of Boston Private Wealth’s portfolio.Bremer Trust National Association reduced its stake in STT by selling 960 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 67,414 shares of STT which is valued at $3,926,191. State Street Corp makes up approx 1.05% of Bremer Trust National Association’s portfolio. Highland Capital Management sold out all of its stake in STT during the most recent quarter. The investment firm sold 3,500 shares of STT which is valued $202,195.Cutler Group Lp boosted its stake in STT in the latest quarter, The investment management firm added 9,080 additional shares and now holds a total of 36,748 shares of State Street Corp which is valued at $2,014,158. State Street Corp makes up approx 0.14% of Cutler Group Lp’s portfolio.

State Street Corp closed down -0.06 points or -0.09% at $65.79 with 25,29,420 shares getting traded on Thursday. Post opening the session at $65.77, the shares hit an intraday low of $65.4 and an intraday high of $66.02 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, State Street Corp reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.26. The company had revenue of $2573.00 million for the quarter, compared to analysts expectations of $2649.34 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.36 EPS.

State Street Corporation (State Street) the parent company is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company through its subsidiary State Street Bank provides financial services and products to institutional investors across the world. Its clients include mutual funds collective investment funds and other investment pools corporate and public retirement plans insurance companies foundations endowments and investment managers. It has two lines of business: Investment Servicing and Investment Management. The Investment Servicing line of business performs core custody and related value-added functions such as providing institutional investors with clearing payment and settlement services. It provides Investment Management services through State Street Global Advisors (SSGA) .SSGA provides an array of investment management investment research and investment advisory services.

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