Cabot-wellington Lowers stake in State Street Corp (STT)

State Street Corp (STT) : Cabot-wellington reduced its stake in State Street Corp by 0.53% during the most recent quarter end. The investment management company now holds a total of 65,824 shares of State Street Corp which is valued at $4,508,944 after selling 350 shares in State Street Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.State Street Corp makes up approximately 3.80% of Cabot-wellington’s portfolio.

Other Hedge Funds, Including , National Planning Corp added STT to its portfolio by purchasing 5,205 company shares during the most recent quarter which is valued at $354,877. State Street Corp makes up approx 0.03% of National Planning Corp’s portfolio.Puzo Michael J reduced its stake in STT by selling 100 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 7,464 shares of STT which is valued at $511,284. State Street Corp makes up approx 0.33% of Puzo Michael J’s portfolio. Harel Insurance Investments Financial Services Ltd. added STT to its portfolio by purchasing 650 company shares during the most recent quarter which is valued at $42,803.Oregon Public Employees Retirement Fund boosted its stake in STT in the latest quarter, The investment management firm added 5,053 additional shares and now holds a total of 73,314 shares of State Street Corp which is valued at $4,827,727. State Street Corp makes up approx 0.11% of Oregon Public Employees Retirement Fund’s portfolio.Central Bank Trust Co reduced its stake in STT by selling 67 shares or 5.92% in the most recent quarter. The Hedge Fund company now holds 1,064 shares of STT which is valued at $58,318. State Street Corp makes up approx 0.02% of Central Bank Trust Co’s portfolio.

State Street Corp opened for trading at $68.99 and hit $69.35 on the upside on Wednesday, eventually ending the session at $69.09, with a gain of 0.14% or 0.1 points. The heightened volatility saw the trading volume jump to 22,66,067 shares. Company has a market cap of $26,946 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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