Nuance Investments buys $24,699,084 stake in State Street Corp (STT)

State Street Corp (STT) : Nuance Investments scooped up 314,176 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 2, 2016. The investment management firm now holds a total of 375,081 shares of State Street Corp which is valued at $24,699,084.State Street Corp makes up approximately 2.56% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp boosted its stake in STT in the latest quarter, The investment management firm added 27,554 additional shares and now holds a total of 34,369 shares of State Street Corp which is valued at $2,263,199. State Street Corp makes up approx 0.23% of Quantbot Technologies Lp’s portfolio.Middleton Co Incma reduced its stake in STT by selling 45,966 shares or 67.02% in the most recent quarter. The Hedge Fund company now holds 22,621 shares of STT which is valued at $1,317,447. State Street Corp makes up approx 0.29% of Middleton Co Incma’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in STT by selling 2,865 shares or 6.62% in the most recent quarter. The Hedge Fund company now holds 40,436 shares of STT which is valued at $2,354,993. State Street Corp makes up approx 0.02% of Tiaa Cref Trust Co Fsbmo’s portfolio.

State Street Corp opened for trading at $68 and hit $68.63 on the upside on Monday, eventually ending the session at $68.18, with a gain of 0.34% or 0.23 points. The heightened volatility saw the trading volume jump to 19,02,465 shares. Company has a market cap of $26,995 M.

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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