State Street Corp (STT) : Gillespie Robinson Grimm Inc scooped up 8,219 additional shares in State Street Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 327,035 shares of State Street Corp which is valued at $20,240,196.State Street Corp makes up approximately 3.22% of Gillespie Robinson Grimm Inc’s portfolio.
State Street Corp opened for trading at $61.33 and hit $62.08 on the upside on Friday, eventually ending the session at $61.89, with a gain of 1.14% or 0.7 points. The heightened volatility saw the trading volume jump to 13,67,321 shares. Company has a market cap of $24,757 M.
Other Hedge Funds, Including , Capital One National Association boosted its stake in STT in the latest quarter, The investment management firm added 5,004 additional shares and now holds a total of 50,193 shares of State Street Corp which is valued at $3,106,445. State Street Corp makes up approx 0.28% of Capital One National Association’s portfolio.Heritage Investors Management Corp boosted its stake in STT in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 13,940 shares of State Street Corp which is valued at $830,406. State Street Corp makes up approx 0.06% of Heritage Investors Management Corp’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in STT in the latest quarter, The investment management firm added 6,956 additional shares and now holds a total of 97,394 shares of State Street Corp which is valued at $5,801,761. State Street Corp makes up approx 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio.Mai Capital Management reduced its stake in STT by selling 957 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 24,428 shares of STT which is valued at $1,381,892. State Street Corp makes up approx 0.11% of Mai Capital Management’s portfolio.
On the company’s financial health, State Street Corp reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.18. The company had revenue of $2538.00 million for the quarter, compared to analysts expectations of $2617.79 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on State Street Corp. Shares were Reiterated by RBC Capital Mkts on Apr 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 65 from a previous price target of $70 .State Street Corp was Downgraded by Keefe Bruyette to ” Underperform” on Mar 28, 2016. Company shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Hold”, Firm has raised the Price Target to $ 56 from a previous price target of $52 .
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.