Do Big Money Love State Street Corp (NYSE:STT), Sentiment at 0.87

June 27, 2018 - By Michael Higginson

State Street Corporation (NYSE:STT) Corporate Logo

“Big money” Positions

“Big money sentiment for State Street Corp (NYSE:STT) in 2018 Q1 decreased to 0.87, SEC.gov filings reveal. So its down -0.09, from 2017Q4’s 0.96. 276 investment managers increased and opened new stock positions, while 316 decreased and sold stakes in State Street Corp so the sentiment has dropped. These funds own 310.21 million shares, that’s 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. 29 Investors Sold All; 287 Reduced Holdings; 210 increased stakes while 66 investment managers bought stakes.

Significant State Street Corp Shareholders

Crestwood Advisors Group Llc owns 629,616 shares in State Street Corp as of 2018 Q1. State Street Corp’s shareholder Longview Partners (Guernsey) Ltd owns 8.05 million shares as of 2018 Q1. Moreover, Coho Partners Ltd. reported 1.58 million shares in State Street Corp equivalent to 4.13% of its stocks 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 stocks portfolio.

State Street Corporation, through its subsidiaries, provides a range of financial services and products to institutional investors worldwide.The firm is worth $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.18.39 is the P/E ratio. 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.

Ticker’s shares touched $96.365 during the last trading session after 0.80% change.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%.

State Street Corporation (NYSE:STT)’s earnings release is awaited by WallStreet on July, 25, Faxor reports. Analysts expect change of 20.96 % or $0.35 from previous year’s $1.67 earnings per share compared to current’s $2.02 earnings per share. STT’s profit could reach $738.13M with 11.93 P/E in case $2.02 earnings per share is revealed. After $1.62 earnings per share was revealed last quarter, analysts now see EPS growth of 24.69 % for State Street Corporation.

Rbf Ltd reported 1.31% of its capital in State Street Corporation (NYSE:STT). Harris Associates Lp invested in 1.06% or 6.38 million shs. First Trust Advsrs L P reported 130,457 shs stake. Rafferty Asset Llc reported 94,303 shs. Culbertson A N Inc stated it has 33,956 shs. Veritable Lp holds 0.04% or 18,127 shs. The New York-based Renaissance Tech Ltd Co has invested 0.01% in State Street Corporation (NYSE:STT). Puzo Michael J stated it has 0.32% of its capital in State Street Corporation (NYSE:STT). Modera Wealth Mgmt Ltd Liability holds 2,695 shs or 0.06% of its capital. Todd Asset Management Ltd Liability holds 0.71% or 257,619 shs in its capital. Dimensional Fund Lp has invested 0.06% in State Street Corporation (NYSE:STT). Arvest Bank & Trust Division holds 1.34% or 189,859 shs. Moreover, Haverford Co has 0.01% invested in State Street Corporation (NYSE:STT). Artisan Prns Partnership holds 1.08% or 5.34 million shs. Retail Bank Of The West holds 0.07% or 5,616 shs in its capital.

State Street Corporation had 14 sales and 0 insider purchases since February 15, 2018. This’s net activity of $10.45 million. Grove Hannah M had sold 5,602 shs worth $570,732. $2.55 million worth of State Street Corporation (NYSE:STT) was sold by HOOLEY JOSEPH L. Keenan Karen C sold $734,786 worth of stock or 7,129 shs. On Thursday, February 15 9,992 shs were sold by Kuritzkes Andrew P, worth $1.04 million. Conway Jeff D had sold 288 shs worth $29,025. On Wednesday, May 16 Shares for $23,280 were sold by Erickson Andrew.

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 Monday, January 8 the firm has “Buy” rating by Vining Sparks given. On Friday, February 2 the firm has “Equal-Weight” rating given by Morgan Stanley. In Friday, April 6 report Deutsche Bank maintained the stock with “Hold” rating. On Tuesday, January 23 RBC Capital Markets maintained State Street Corporation (NYSE:STT) rating. RBC Capital Markets has “Hold” rating and $120.0 target. On Wednesday, January 24 Bank of America maintained State Street Corporation (NYSE:STT) with “Neutral” rating. On Monday, April 9 Sandler O’Neill maintained State Street Corporation (NYSE:STT) with “Hold” rating. On Tuesday, January 9 the stock has “Buy” rating by Keefe Bruyette & Woods. On Tuesday, January 23 the rating was maintained by Sandler O’Neill with “Hold”. The stock rating was maintained by Buckingham Research with “Buy” on Wednesday, January 24. The company rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4.

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

State Street Corporation (NYSE:STT) Institutional Investors Chart

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