State Street Corp (STT) : Rbf Capital scooped up 9,000 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 109,000 shares of State Street Corp which is valued at $7,438,160.State Street Corp makes up approximately 1.37% of Rbf Capital’s portfolio.
Other Hedge Funds, Including , Colony Group reduced its stake in STT by selling 795 shares or 12.68% in the most recent quarter. The Hedge Fund company now holds 5,474 shares of STT which is valued at $373,546. State Street Corp makes up approx 0.04% of Colony Group’s portfolio.Rafferty Asset Management reduced its stake in STT by selling 11,748 shares or 21.62% in the most recent quarter. The Hedge Fund company now holds 42,588 shares of STT which is valued at $2,917,278. State Street Corp makes up approx 0.18% of Rafferty Asset Management’s portfolio.Nbt Bank N A Ny boosted its stake in STT in the latest quarter, The investment management firm added 985 additional shares and now holds a total of 7,280 shares of State Street Corp which is valued at $494,676. State Street Corp makes up approx 0.08% of Nbt Bank N A Ny’s portfolio. Old Mutual Global Investors (uk) Ltd. added STT to its portfolio by purchasing 66,441 company shares during the most recent quarter which is valued at $3,869,524. State Street Corp makes up approx 0.07% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Gemmer Asset Management boosted its stake in STT in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 283 shares of State Street Corp which is valued at $16,482. State Street Corp makes up approx 0.01% of Gemmer Asset Management’s portfolio.
State Street Corp closed down -0.12 points or -0.17% at $70.12 with 12,23,850 shares getting traded on Thursday. Post opening the session at $70.54, the shares hit an intraday low of $69.38 and an intraday high of $70.84 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.