State Str (STT) Shareholder Clarivest Asset Management Lowered Its Stake; Platinum Investment …



July 12, 2018 – By Joseph Taylor

CF Industries Holdings, Inc. (NYSE:CF) Logo

Clarivest Asset Management Llc decreased its stake in State Str Corp (STT) by 2.64% based on its latest 2018Q1 regulatory filing with the SEC. Clarivest Asset Management Llc sold 7,108 shares as the company’s stock declined 5.94% with the market. The institutional investor held 262,453 shares of the major banks company at the end of 2018Q1, valued at $26.17 million, down from 269,561 at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in State Str Corp for a number of months, seems to be less bullish one the $33.90B market cap company. The stock increased 0.06% or $0.06 during the last trading session, reaching $92.76. About 668,686 shares traded. State Street Corporation (NYSE:STT) has risen 22.32% since July 12, 2017 and is uptrending. It has outperformed by 9.75% the S&P500. Some Historical STT News: 20/04/2018 – State Street 1Q EPS $1.62; 07/05/2018 – STATE STREET GLOBAL ADVISORS NAMES SUE THOMPSON AS HEAD OF; 29/05/2018 – GlobalCapital Names State Street Global Advisors “Asset Manager of the Year”; 18/04/2018 – State Street Corp expected to post earnings of $1.59 a share – Earnings Preview; 06/03/2018 – STATE STREET – DEVELOPED & BEGUN LICENSING SUITE OF RULES-BASED INVESTMENT STRATEGIES, OR INVESTABLE INDICES, FOR INSTITUTIONAL INVESTORS; 20/04/2018 – STATE STREET 1Q OPER EPS $1.62, EST. $1.59; 24/05/2018 – State Street Chief Financial Officer to Speak at the Deutsche Bank 8th Annual Global Financial Services Conference; 06/03/2018 – State Street Launches Investable Indices; 06/03/2018 – State Street Embraces New Investment Paradigm, Launches lnvestable Indices; 20/04/2018 – State Street Boosted By Higher Markets — Earnings Review

Kerr Neilson increased its stake in Cf Inds Hldgs Inc (CF) by 53.44% based on its latest 2018Q1 regulatory filing with the SEC. Platinum Investment Management Ltd bought 867,700 shares as the company’s stock declined 2.37% with the market. The hedge fund run by Kerr Neilson held 2.49M shares of the basic industries company at the end of 2018Q1, valued at $94.01M, up from 1.62 million at the end of the previous reported quarter. Platinum Investment Management Ltd who had been investing in Cf Inds Hldgs Inc for a number of months, seems to be bullish on the $10.04 billion market cap company. The stock increased 1.08% or $0.46 during the last trading session, reaching $43.02. About 2.01 million shares traded. CF Industries Holdings, Inc. (NYSE:CF) has risen 48.31% since July 12, 2017 and is uptrending. It has outperformed by 35.74% the S&P500.

Platinum Investment Management Ltd, which manages about $22.00 billion and $3.59B US Long portfolio, decreased its stake in Weibo Corp (NASDAQ:WB) by 322,116 shares to 77,900 shares, valued at $9.31 million in 2018Q1, according to the filing. It also reduced its holding in Callaway Golf Co (NYSE:ELY) by 458,900 shares in the quarter, leaving it with 1.12 million shares, and cut its stake in 58 Com Inc (NYSE:WUBA).

Among 21 analysts covering CF Industries Holdings (NYSE:CF), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. CF Industries Holdings had 104 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of CF Industries Holdings, Inc. (NYSE:CF) earned “Market Perform” rating by Cowen & Co on Tuesday, January 24. The company was downgraded on Tuesday, March 13 by Citigroup. The firm has “” rating by Susquehanna given on Tuesday, January 26. Bank of America downgraded CF Industries Holdings, Inc. (NYSE:CF) on Tuesday, May 24 to “Underperform” rating. Bank of America downgraded CF Industries Holdings, Inc. (NYSE:CF) on Thursday, March 8 to “Underperform” rating. The stock of CF Industries Holdings, Inc. (NYSE:CF) earned “Sector Perform” rating by RBC Capital Markets on Thursday, November 12. Citigroup maintained it with “Neutral” rating and $24 target in Wednesday, August 10 report. RBC Capital Markets downgraded CF Industries Holdings, Inc. (NYSE:CF) on Tuesday, November 22 to “Underperform” rating. The stock of CF Industries Holdings, Inc. (NYSE:CF) has “Underweight” rating given on Tuesday, November 14 by Atlantic Securities. The stock of CF Industries Holdings, Inc. (NYSE:CF) earned “Buy” rating by Susquehanna on Tuesday, November 17.

Investors sentiment increased to 0.92 in 2018 Q1. Its up 0.08, from 0.84 in 2017Q4. It is positive, as 44 investors sold CF shares while 151 reduced holdings. 68 funds opened positions while 111 raised stakes. 228.15 million shares or 0.61% less from 229.56 million shares in 2017Q4 were reported. Raymond James And Assoc holds 203,386 shares. Atria Lc has invested 0.13% in CF Industries Holdings, Inc. (NYSE:CF). Private Advisor Grp Ltd Liability Corp, New Jersey-based fund reported 6,211 shares. Hartford Inv Mngmt owns 47,951 shares or 0.04% of their US portfolio. Utd Automobile Association reported 0.01% stake. Sei Investments has invested 0.04% in CF Industries Holdings, Inc. (NYSE:CF). Hodges Capital Mngmt invested in 10,691 shares or 0.03% of the stock. Columbus Hill Mgmt Limited Partnership holds 1.43M shares. Nuveen Asset Mngmt, a Illinois-based fund reported 193,099 shares. Norinchukin National Bank & Trust The holds 0.01% or 21,373 shares in its portfolio. Horseman Limited reported 630,900 shares or 4.75% of all its holdings. Kentucky Retirement System owns 12,173 shares or 0.04% of their US portfolio. 25,375 were accumulated by Hermes Invest Limited. British Columbia Investment has 0.03% invested in CF Industries Holdings, Inc. (NYSE:CF) for 87,670 shares. Pictet Asset Mgmt Ltd accumulated 120,027 shares or 0.01% of the stock.

Clarivest Asset Management Llc, which manages about $3.41B and $5.81 billion US Long portfolio, upped its stake in Compania De Minas Buenaventu (NYSE:BVN) by 78,500 shares to 283,400 shares, valued at $4.32 million in 2018Q1, according to the filing. It also increased its holding in Heico Corp New (NYSE:HEI) by 8,300 shares in the quarter, for a total of 41,900 shares, and has risen its stake in Amdocs Ltd (NASDAQ:DOX).

Since February 15, 2018, it had 0 insider buys, and 14 selling transactions for $10.45 million activity. $2.55M worth of State Street Corporation (NYSE:STT) shares were sold by HOOLEY JOSEPH L. 231 State Street Corporation (NYSE:STT) shares with value of $23,280 were sold by Erickson Andrew. The insider Kuritzkes Andrew P sold 9,992 shares worth $1.04 million. Keenan Karen C had sold 7,129 shares worth $734,786 on Thursday, February 15. 1,611 shares were sold by Sullivan George E, worth $162,357. Grove Hannah M sold $570,732 worth of stock or 5,602 shares.

Analysts await State Street Corporation (NYSE:STT) to report earnings on July, 25. They expect $2.02 earnings per share, up 20.96% or $0.35 from last year’s $1.67 per share. STT’s profit will be $738.12 million for 11.48 P/E if the $2.02 EPS becomes a reality. After $1.62 actual earnings per share reported by State Street Corporation for the previous quarter, Wall Street now forecasts 24.69% EPS growth.

Another recent and important State Street Corporation (NYSE:STT) news was published by Seekingalpha.com which published an article titled: “ETF industry giants slash fees to grab market share: WSJ” on July 12, 2018.

Among 19 analysts covering State Street Corporation (NYSE:STT), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. State Street Corporation had 85 analyst reports since July 28, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, July 2 report. The rating was maintained by Sandler O’Neill with “Hold” on Monday, April 9. The firm earned “Buy” rating on Tuesday, January 2 by Barclays Capital. The company was maintained on Monday, July 10 by Jefferies. The firm has “Neutral” rating given on Monday, October 9 by Citigroup. The firm has “Equal-Weight” rating given on Monday, November 14 by Morgan Stanley. Deutsche Bank maintained State Street Corporation (NYSE:STT) rating on Wednesday, October 5. Deutsche Bank has “Hold” rating and $75 target. On Friday, October 9 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Hold” rating by RBC Capital Markets on Wednesday, July 26. Deutsche Bank maintained State Street Corporation (NYSE:STT) on Thursday, February 25 with “Hold” rating.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.09, from 0.96 in 2017Q4. It turned negative, as 29 investors sold STT shares while 287 reduced holdings. 66 funds opened positions while 210 raised stakes. 310.21 million shares or 0.79% less from 312.70 million shares in 2017Q4 were reported. Fort Washington Inv Inc Oh invested in 0% or 3,820 shares. Envestnet Asset Mgmt Inc has 17,548 shares for 0% of their portfolio. Pinebridge Lp owns 87,612 shares. Ledyard Bancorp owns 5,503 shares. Natixis Advsrs LP invested in 0.19% or 192,174 shares. Wendell David Inc invested in 0.06% or 3,099 shares. Teachers Retirement Sys Of The State Of Kentucky has invested 0.25% of its portfolio in State Street Corporation (NYSE:STT). Hermes Inv Mngmt Limited invested in 616,369 shares or 0.9% of the stock. Bank & Trust Of America De holds 2.72 million shares. Boys Arnold owns 6,095 shares for 0.09% of their portfolio. 501,179 are held by Btim. Wellington Group Ltd Liability Partnership invested 0% of its portfolio in State Street Corporation (NYSE:STT). Boston Prtn invested in 2.79M shares or 0.34% of the stock. Cibc Markets stated it has 0% of its portfolio in State Street Corporation (NYSE:STT). Davidson Advsr has invested 2.58% of its portfolio in State Street Corporation (NYSE:STT).

State Street Corporation (NYSE:STT) Institutional Positions Chart

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.