State Street Corp (STT) : Richard C. Young Ltd. scooped up 33,821 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 156,189 shares of State Street Corp which is valued at $10,658,337.State Street Corp makes up approximately 2.31% of Richard C. Young Ltd.’s portfolio.
Other Hedge Funds, Including , Engineers Gate Manager Lp boosted its stake in STT in the latest quarter, The investment management firm added 10,739 additional shares and now holds a total of 129,348 shares of State Street Corp which is valued at $8,826,708. State Street Corp makes up approx 0.60% of Engineers Gate Manager Lp’s portfolio.Royal London Asset Management Ltd reduced its stake in STT by selling 12,270 shares or 8.46% in the most recent quarter. The Hedge Fund company now holds 132,723 shares of STT which is valued at $8,739,810. State Street Corp makes up approx 0.14% of Royal London Asset Management Ltd’s portfolio.Parkside Financial Bank Trust reduced its stake in STT by selling 1,200 shares or 90.84% in the most recent quarter. The Hedge Fund company now holds 121 shares of STT which is valued at $7,968.Diversified Trust Co reduced its stake in STT by selling 4,300 shares or 9.97% in the most recent quarter. The Hedge Fund company now holds 38,838 shares of STT which is valued at $2,475,923. State Street Corp makes up approx 0.34% of Diversified Trust Co’s portfolio.Eastern Bank reduced its stake in STT by selling 3,683 shares or 2.64% in the most recent quarter. The Hedge Fund company now holds 135,872 shares of STT which is valued at $7,828,945. State Street Corp makes up approx 0.61% of Eastern Bank’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.