Analysts See $1.55 EPS for State Street Corp (STT)

July 18, 2017 - By Adrian Erickson

 Analysts See $1.55 EPS for State Street Corp (STT)
Investors sentiment increased to 1.02 in Q4 2016. Its up 0.25, from 0.77 in 2016Q3. It increased, as 36 investors sold State Street Corp shares while 256 reduced holdings. 85 funds opened positions while 212 raised stakes. 326.98 million shares or 1.35% more from 322.61 million shares in 2016Q3 were reported.
Williams Jones & Associates Ltd Liability holds 0.01% of its portfolio in State Street Corp (NYSE:STT) for 2,707 shares. Dearborn Ptnrs Ltd reported 3,260 shares. Comerica Bancorp stated it has 96,397 shares. Federated Pa reported 452,933 shares stake. 1.03 million were reported by Ubs Asset Americas. British Columbia Invest holds 0.19% in State Street Corp (NYSE:STT) or 283,002 shares. Credit Agricole S A stated it has 536,318 shares or 0.13% of all its holdings. Bancorp reported 9,756 shares. Nuance Invests Lc reported 33,248 shares. Moreover, Endurance Wealth Management has 0.13% invested in State Street Corp (NYSE:STT) for 9,715 shares. Arizona State Retirement System owns 89,674 shares for 0.1% of their portfolio. Becker Cap Mgmt Incorporated owns 671,230 shares. First Western Cap Management reported 2.17% of its portfolio in State Street Corp (NYSE:STT). Ngam Lp stated it has 105,292 shares or 0.1% of all its holdings. Trillium Asset Mngmt Lc stated it has 0.01% of its portfolio in State Street Corp (NYSE:STT).

Since January 20, 2017, it had 0 insider purchases, and 12 sales for $6.15 million activity. 6,000 shares were sold by Maiuri Louis D, worth $483,420. On Tuesday, February 21 the insider Newth Sean P sold $300,570. Kuritzkes Andrew P also sold $376,758 worth of State Street Corp (NYSE:STT) shares. Sullivan George E sold $222,360 worth of stock or 2,718 shares. $79,120 worth of stock was sold by Keenan Karen C on Friday, January 20. 5,666 shares were sold by HOOLEY JOSEPH L, worth $497,928 on Monday, June 12. 33,819 shares valued at $2.73M were sold by Conway Jeff D on Tuesday, February 21.

Investors wait State Street Corp (NYSE:STT) to report on July, 26. its quarterly earnings Wall Street analysts expect $1.55 EPS, up $0.09 or 6.16 % from last year’s $1.46 same quarter earnings. This translates into $584.93M profit for STT giving the stock a 14.93 P/E. This is assuming the current $1.55 EPS is accurate. State Street Corp’s Wall Street analysts see 28.10 % EPS growth, taking into account the $1.21 EPS reproted in the previous quarter, The stock increased 0.53% or $0.49 during the last trading session, reaching $92.56. About 1.02 million shares traded. State Street Corp (NYSE:STT) has risen 33.09% since July 18, 2016 and is uptrending. It has outperformed by 16.39% the S&P500.

State Street Corp (NYSE:STT) Ratings Coverage

Among 14 analysts covering State Street Corporation (NYSE:STT), 3 have Buy rating, 1 Sell and 10 Hold. Therefore 21% are positive. State Street Corporation had 48 analyst reports since July 28, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 26 report. The stock has “Hold” rating by Argus Research on Thursday, January 26. The firm has “Hold” rating by Deutsche Bank given on Thursday, February 25. Argus Research maintained State Street Corp (NYSE:STT) rating on Monday, October 26. Argus Research has “Buy” rating and $78 target. The firm earned “Underperform” rating on Monday, March 28 by Wood. The firm has “Hold” rating given on Wednesday, October 5 by Deutsche Bank. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, November 14. As per Friday, September 9, the company rating was maintained by Deutsche Bank. The stock has “Neutral” rating by JP Morgan on Thursday, January 7. As per Sunday, August 9, the company rating was maintained by Standpoint Research.

State Street Corporation is a financial holding company. The company has market cap of $34.93 billion. The Firm operates through two lines of business: Investment Servicing and Investment Management. It has a 17.33 P/E ratio. The Company, through its subsidiary, State Street Bank and Trust Company , provides a range of financial services and products to institutional investors across the world.

More notable recent State Street Corp (NYSE:STT) news were published by: Reuters.com which released: “State Street appoints Steve Cook senior vice president of US investor services” on June 23, 2017, also Reuters.com with their article: “MOVES-State Street hires new CFO for EMEA” published on July 10, 2017, Businesswire.com published: “State Street Corporation Announces Planned Increase to Its Quarterly Common …” on June 28, 2017. More interesting news about State Street Corp (NYSE:STT) were released by: Businesswire.com and their article: “State Street Corporation Announces Results of Its 2017 Annual Stress Test” published on June 22, 2017 as well as Nasdaq.com‘s news article titled: “State Street Reaches Analyst Target Price” with publication date: July 13, 2017.

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