State Street Corp (STT) : Twin Tree Management Lp added new position in State Street Corp during the most recent quarter end. The investment management firm now holds 86,304 shares of State Street Corp which is valued at $5,889,385 , the company said in a statement filed on Aug 15, 2016 with the SEC.State Street Corp makes up approximately 1.13% of Twin Tree Management Lp’s portfolio.
Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in STT by selling 81,017 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 2,106,110 shares of STT which is valued at $143,720,946. State Street Corp makes up approx 0.37% of Caisse De Depot Et Placement Du Quebec’s portfolio.Hightower Advisors reduced its stake in STT by selling 5,026 shares or 41.91% in the most recent quarter. The Hedge Fund company now holds 6,966 shares of STT which is valued at $475,360. State Street Corp makes up approx 0.01% of Hightower Advisors’s portfolio.Assetmark Inc boosted its stake in STT in the latest quarter, The investment management firm added 5,683 additional shares and now holds a total of 42,384 shares of State Street Corp which is valued at $2,903,304. State Street Corp makes up approx 0.05% of Assetmark Inc’s portfolio.Kanaly Trust Co reduced its stake in STT by selling 84 shares or 23.4% in the most recent quarter. The Hedge Fund company now holds 275 shares of STT which is valued at $16,016.
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.