State Street Corp (STT) : Professional Advisory Services Inc scooped up 3,109 additional shares in State Street Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 173,033 shares of State Street Corp which is valued at $9,970,161.State Street Corp makes up approximately 2.22% of Professional Advisory Services Inc’s portfolio.
Other Hedge Funds, Including , Livforsakringsbolaget Skandia Omsesidigt boosted its stake in STT in the latest quarter, The investment management firm added 9,500 additional shares and now holds a total of 40,812 shares of State Street Corp which is valued at $2,351,587. State Street Corp makes up approx 0.10% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Cape Cod Five Cents Savings Bank reduced its stake in STT by selling 6,135 shares or 10.81% in the most recent quarter. The Hedge Fund company now holds 50,625 shares of STT which is valued at $2,881,069. State Street Corp makes up approx 0.51% of Cape Cod Five Cents Savings Bank’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in STT by selling 1,161 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 92,231 shares of STT which is valued at $5,055,181. State Street Corp makes up approx 0.11% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.
State Street Corp opened for trading at $56.91 and hit $57.66 on the upside on Monday, eventually ending the session at $57.62, with a gain of 1.25% or 0.71 points. The heightened volatility saw the trading volume jump to 22,33,870 shares. Company has a market cap of $22,814 M.
On the company’s financial health, State Street Corp reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.90. The company had revenue of $2574.00 million for the quarter, compared to analysts expectations of $2552.69 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.17 EPS.
Many Wall Street Analysts have commented on State Street Corp. Company shares were Reiterated by UBS on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .
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.