State Street Corp (NYSE:STT) Quarterly Sentiment Change Reported at 0.87

June 27, 2018 - By Rebecca Betts

State Street Corporation (NYSE:STT) Corporate Logo

Positions for State Street Corp (NYSE:STT)

In Q1 2018 State Street Corp (NYSE:STT) big money sentiment decreased to 0.87, SEC filings reveal. That’s down -0.09, from 2017Q4’s 0.96. 276 hedge funds opened new and increased holdings, while 316 sold and reduced equity positions in State Street Corp so the sentiment turned negative. Funds own 310.21 million shares, down from 312.70 million shares in 2017Q4. Funds holding State Street Corp in top 10 changed to 13 from 10 for an increase of 3. In total 29 funds closed positions, 287 reduced and 210 increased. Also 66 funds bought new State Street Corp stakes.

Largest State Street Corp Shareholders

As of Q1 2018 Crestwood Advisors Group Llc has 4.92% invested in State Street Corp. State Street Corp’s shareholder Longview Partners (Guernsey) Ltd owns 8.05 million shares as of Q1 2018. Also, Coho Partners Ltd. reported 1.58 million shares in State Street Corp equivalent to 4.13% of its fund’s portfolio. Vulcan Value Partners Llc revealed 4.75 million shares position in State Street Corp. The Connecticut-based fund Gillespie Robinson & Grimm Inc holds 286,522 shares or 3.73% of their fund’s portfolio.

State Street Corporation, through its subsidiaries, provides a range of financial services and products to institutional investors worldwide.The firm is valued at $35.21 billion. The firm offers investment servicing services and products, including custody; product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager activities outsourcing; and performance, risk, and compliance analytics.The P/E ratio is 18.39. It also provides investment management services, such as investment management, investment research, and investment advisory services to firms, public funds, and other sophisticated investors, as well as offers active and passive asset management strategies across equity, fixed-income, and cash asset classes.

STT is hitting $96.365 during the last trading session, after increased 0.80%.State Street Corporation has volume of 461,775 shares. Since June 27, 2017 STT has risen 22.32% and is uptrending. STT outperformed the S&P500 by 9.75%.

On July, 25 WallStreet awaited State Street Corporation (NYSE:STT)’s earnings release, as reported by Faxor. Analysts predict $2.02 earnings per share. That’s $0.35 up or 20.96 % from 2017’s earnings of $1.67. In case of $2.02 earnings per share STT’s profit could hit $738.13M. 24.69 % EPS growth is what analysts predict. $1.62 earnings per share was revealed for last quarter.

Daiwa Gp holds 0.01% or 12,648 shs. Tocqueville Asset Mgmt L P has invested 0.01% in State Street Corporation (NYSE:STT). Logan Cap Management Inc reported 2,055 shs or 0.01% of all its holdings. Fukoku Mutual Life Insur holds 0.04% or 2,400 shs in its capital. Keybank Natl Association Oh has invested 0.03% in State Street Corporation (NYSE:STT). 894,713 are held by Clearbridge Invs Ltd Limited Liability Company. Pggm reported 450,900 shs. Kentucky Retirement Sys has invested 0.16% of its capital in State Street Corporation (NYSE:STT). Rothschild Il holds 0.1% or 8,000 shs in its capital. Smithfield Trust Com reported 4,610 shs stake. 118,471 are held by American International Group Incorporated. Tower Rech Capital Limited Liability Company (Trc) owns 1,786 shs. Dodge And Cox owns 4,500 shs for 0% of their capital. First Personal Fincl holds 0% in State Street Corporation (NYSE:STT) or 5 shs. Geode Cap Mgmt Lc reported 0.12% in State Street Corporation (NYSE:STT).

State Street Corporation registered $10.45 million net activity with 0 insider buys and 14 sales since February 15, 2018. $734,786 worth of State Street Corporation (NYSE:STT) shs were sold by Keenan Karen C. $360,230 worth of State Street Corporation (NYSE:STT) was sold by Sullivan George E on Thursday, February 15. The insider Erickson Andrew sold $23,280. On Tuesday, May 15 HOOLEY JOSEPH L had sold 25,000 shs worth $2.55 million. Schaefer Elizabeth had sold 1,473 shs worth $154,665 on Monday, February 26. On Tuesday, May 15 a trade for 5,602 shs valued at $570,732 was made by Grove Hannah M.

State Street Corporation (NYSE:STT) Ratings Coverage

A total of 11 analysts rate State Street Corp (NYSE:STT) as follows: 6 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 55% are bullish. The firm has $131 highest and $10400 lowest target. The avg target $114.82 is 19.15% above the last ($96.365) price. (NYSE:STT) has 18 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Friday, February 2 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Monday, April 23 the stock of State Street Corporation (NYSE:STT) earned “Buy” rating by Deutsche Bank. On Wednesday, January 24 the company was maintained by Buckingham Research. In Tuesday, January 9 report Jefferies maintained it with “Hold” rating and $107.0 target. On Thursday, January 25 the firm has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, January 2 Barclays Capital maintained State Street Corporation (NYSE:STT) with “Buy” rating. In Wednesday, April 4 report Keefe Bruyette & Woods maintained it with “Buy” rating and $11500 target. On Tuesday, January 23 RBC Capital Markets maintained the shares of STT in report with “Hold” rating. On Friday, April 6 the company was upgraded by Vining Sparks. On Wednesday, January 24 the firm has “Neutral” rating by Bank of America given.

More recent State Street Corporation (NYSE:STT) news were released by Bizjournals.com, Seekingalpha.com and Prnewswire.com. The first one has “Ex-State Street exec found guilty of ripping off clients” as a title and was released on June 27, 2018. The next is “Bank stocks likely to be more volatile on stress test results: Morgan Stanley” on June 22, 2018. And last was released on June 27, 2018, called “E Fund Management and State Street Global Advisors Announce a New Environmental China A Share Strategy”.

State Street Corporation (NYSE:STT) Institutional Investors Chart

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