State Street Corp (STT) : D.a. Davidson scooped up 5,855 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 15, 2016. The investment management firm now holds a total of 126,133 shares of State Street Corp which is valued at $8,607,316.State Street Corp makes up approximately 0.24% of D.a. Davidson’s portfolio.
Other Hedge Funds, Including , Absolute Return Capital sold out all of its stake in STT during the most recent quarter. The investment firm sold 12,838 shares of STT which is valued $876,065.Godshalk Welsh Capital Management reduced its stake in STT by selling 3,600 shares or 48.65% in the most recent quarter. The Hedge Fund company now holds 3,800 shares of STT which is valued at $259,312. State Street Corp makes up approx 0.27% of Godshalk Welsh Capital Management’s portfolio.Norges Bank reduced its stake in STT by selling 10,829 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 1,127,559 shares of STT which is valued at $76,944,626. State Street Corp makes up approx 0.04% of Norges Bank’s portfolio.Boston Financial Mangement reduced its stake in STT by selling 300 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 13,505 shares of STT which is valued at $921,581. State Street Corp makes up approx 0.07% of Boston Financial Mangement’s portfolio.Baird Financial Group reduced its stake in STT by selling 19,632 shares or 61.96% in the most recent quarter. The Hedge Fund company now holds 12,053 shares of STT which is valued at $822,497. State Street Corp makes up approx 0.01% of Baird Financial Group’s portfolio.
State Street Corp opened for trading at $69.89 and hit $70.63 on the upside on Wednesday, eventually ending the session at $70.57, with a gain of 0.28% or 0.2 points. The heightened volatility saw the trading volume jump to 1,358,145 shares. Company has a market cap of $27,523 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.
Many Wall Street Analysts have commented on State Street Corp. State Street Corp was Downgraded by Sandler O’Neill to ” Hold” on Sep 6, 2016.
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.