Engineers Gate Manager Lp buys $8,826,708 stake in State Street Corp (STT)

State Street Corp (STT) : Engineers Gate Manager Lp scooped up 10,739 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 11, 2016. The investment management firm now holds a total of 129,348 shares of State Street Corp which is valued at $8,826,708.State Street Corp makes up approximately 0.60% of Engineers Gate Manager Lp’s portfolio.

Other Hedge Funds, Including , Vsr Financial Services reduced its stake in STT by selling 94 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 11,628 shares of STT which is valued at $793,495. State Street Corp makes up approx 0.13% of Vsr Financial Services’s portfolio.First Interstate Bank reduced its stake in STT by selling 100 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 7,455 shares of STT which is valued at $510,668. State Street Corp makes up approx 0.10% of First Interstate Bank’s portfolio.Bank Of The West reduced its stake in STT by selling 162 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 6,085 shares of STT which is valued at $413,476. State Street Corp makes up approx 0.06% of Bank Of The West’s portfolio.

State Street Corp opened for trading at $69.47 and hit $69.5 on the upside on Tuesday, eventually ending the session at $69.32, with a gain of 0.51% or 0.35 points. The heightened volatility saw the trading volume jump to 17,53,756 shares. Company has a market cap of $27,036 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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