State Street Corp (NYSE:STT) Big Money Quarterly Sentiment at 0.87

June 27, 2018 - By Jeanette Garcia

State Street Corporation (NYSE:STT) Corporate Logo

“Big money” Positions

In Q1 2018 State Street Corp (NYSE:STT) big money sentiment decreased to 0.87, according to Securities and Exchange Commission filings. That’s down -0.09, from 2017Q4’s 0.96. 276 funds opened new and increased positions, while 316 sold and reduced their stakes in State Street Corp so the sentiment has worsened. Funds own 310.21 million shares, down from 312.70 million shares in 2017Q4. Funds holding State Street Corp in top 10 increased from 10 to 13 for an increase of 3. 29 Investors Sold All; 287 Reduced Holdings; 210 increased holdings while 66 funds bought holdings.

Significant State Street Corp Investors

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. Coho Partners Ltd. reported 1.58 million shares. 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 US long equity exposure.

State Street Corporation, through its subsidiaries, provides a range of financial services and products to institutional investors worldwide.The company has $35.21 billion market cap. 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 touching $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. The stock outperformed the S&P 500 by 9.75%.

State Street Corporation (NYSE:STT) is awaited to announce earnings on July, 25., according to RTT. Analysts forecast $2.02 EPS. That’s $0.35 up or 20.96 % from 2017’s earnings of $1.67. The profit will be $738.13 million for STT if $2.02 EPS becomes true. After $1.62 EPS was reported previous quarter, analysts now see EPS growth of 24.69 % for State Street Corporation.

Barrow Hanley Mewhinney Strauss Limited Liability has 4.84 million shs. Massachusetts-based Broderick Brian C has invested 0.11% in State Street Corporation (NYSE:STT). Rothschild Invest Corp Il holds 0.1% or 8,000 shs. Pathstone Family Office Lc has 149 shs for 0.01% of their capital. Pensionfund Dsm Netherlands reported 32,000 shs stake. Security invested 0.04% in State Street Corporation (NYSE:STT). Legal General Grp Public Ltd Liability Company accumulated 0.13% or 1.75M shs. Fuller Thaler Asset Mgmt Incorporated holds 0% or 800 shs. Salem Investment Counselors reported 246 shs. Williams Jones Assocs Lc reported 0.01% stake. Mason Street Advsr Lc invested 0.12% of its capital in State Street Corporation (NYSE:STT). Pictet And Cie (Europe) holds 0.09% of its capital in State Street Corporation (NYSE:STT) for 5,728 shs. Fjarde Ap reported 105,030 shs or 0.16% of all its holdings. First Tru Advisors L P accumulated 130,457 shs or 0.03% of the stock. Brandywine Global Investment Management Ltd Limited Liability Company holds 0.28% or 438,752 shs in its capital.

State Street Corporation registered $10.45 million net activity with 0 insider buys and 14 insider sales since February 15, 2018. HOOLEY JOSEPH L sold $2.55 million worth of State Street Corporation (NYSE:STT) on Tuesday, May 15. Sullivan George E also sold $162,357 worth of State Street Corporation (NYSE:STT) shs. 7,129 shs were sold by Keenan Karen C, worth $734,786 on Thursday, February 15. Schaefer Elizabeth had sold 1,473 shs worth $154,665. $114,614 worth of State Street Corporation (NYSE:STT) was sold by Erickson Andrew on Friday, February 16. Grove Hannah M sold $570,732 worth of stock or 5,602 shs.

State Street Corporation (NYSE:STT) Ratings Coverage

Total analysts of 11 have positions in State Street Corp (NYSE:STT) as follows: 6 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 55%. The firm has $131 highest while $10400 is the lowest PT. The average target $114.82 is 19.15% above the last ($96.365) price. Since January 2, 2018 according to StockzIntelligence Inc State Street Corp has 18 analyst reports. In Wednesday, January 24 report Buckingham Research maintained the stock with “Buy” rating. On Tuesday, January 2 the rating was maintained by Barclays Capital with “Buy”. On Friday, April 20 the stock has “Buy” rating by Keefe Bruyette & Woods. The stock rating was maintained by RBC Capital Markets with “Hold” on Tuesday, January 23. In Thursday, January 25 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Monday, April 23 Deutsche Bank upgraded State Street Corporation (NYSE:STT) to “Buy” rating. On Wednesday, January 24 Bank of America maintained State Street Corporation (NYSE:STT) rating. Bank of America has “Neutral” rating and $118 target. On Tuesday, January 9 the rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock rating was maintained by Jefferies with “Hold” on Tuesday, January 9. On Tuesday, January 23 the stock of State Street Corporation (NYSE:STT) earned “Hold” rating by Sandler O’Neill.

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

State Street Corporation (NYSE:STT) Institutional Investors Chart

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