Ares Cap (ARCC) Position Has Raised by Maltese Capital Management Llc; State Street (STT) Stock Price Rose While Sustainable Growth Advisers LP Has Decreased by $2.26 Million Its Holding

February 18, 2018 - By Nellie Frank

Maltese Capital Management Llc increased its stake in Ares Cap Corp (ARCC) by 32.24% based on its latest 2017Q3 regulatory filing with the SEC. Maltese Capital Management Llc bought 134,100 shares as the company’s stock declined 6.68% while stock markets rallied. The institutional investor held 550,000 shares of the company at the end of 2017Q3, valued at $9.02M, up from 415,900 at the end of the previous reported quarter. Maltese Capital Management Llc who had been investing in Ares Cap Corp for a number of months, seems to be bullish on the $6.81 billion market cap company. The stock increased 0.50% or $0.08 during the last trading session, reaching $15.98. About 1.39M shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since February 18, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

Sustainable Growth Advisers Lp decreased its stake in State Street Corp (STT) by 1.37% based on its latest 2017Q3 regulatory filing with the SEC. Sustainable Growth Advisers Lp sold 23,822 shares as the company’s stock rose 0.17% with the market. The institutional investor held 1.71 million shares of the major banks company at the end of 2017Q3, valued at $163.69M, down from 1.74M at the end of the previous reported quarter. Sustainable Growth Advisers Lp who had been investing in State Street Corp for a number of months, seems to be less bullish one the $38.44B market cap company. The stock increased 0.57% or $0.59 during the last trading session, reaching $104.55. About 1.99M shares traded or 14.99% up from the average. State Street Corporation (NYSE:STT) has risen 33.09% since February 18, 2017 and is uptrending. It has outperformed by 16.39% the S&P500.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.27, from 0.73 in 2017Q2. It increased, as 41 investors sold STT shares while 252 reduced holdings. 70 funds opened positions while 224 raised stakes. 320.54 million shares or 0.16% more from 320.02 million shares in 2017Q2 were reported. Franklin Resources Inc reported 677,976 shares. First In, Indiana-based fund reported 300 shares. The Massachusetts-based Panagora Asset has invested 0.33% in State Street Corporation (NYSE:STT). 10,600 were accumulated by Fayerweather Charles. Sandy Spring Commercial Bank holds 0.53% of its portfolio in State Street Corporation (NYSE:STT) for 57,504 shares. Eagle Asset Mngmt Inc holds 33,437 shares. Tiaa Cref Management Lc reported 2.56M shares. Affinity Investment Advsrs Lc invested in 0.03% or 2,446 shares. Cap Mngmt Ltd Llc reported 23,503 shares. Modera Wealth Mgmt reported 0.08% in State Street Corporation (NYSE:STT). Bp Public Limited reported 49,000 shares. Howe Rusling Inc has invested 0% of its portfolio in State Street Corporation (NYSE:STT). Citadel Advsr Ltd Llc holds 0.09% or 1.28 million shares in its portfolio. First Mercantile Tru reported 11,175 shares. Laurion Cap Limited Partnership holds 0.02% or 50,584 shares.

Sustainable Growth Advisers Lp, which manages about $6.01B and $7.33 billion US Long portfolio, upped its stake in Alliance Data Systems Corp (NYSE:ADS) by 66,265 shares to 662,521 shares, valued at $146.78M in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc Cl C by 10,444 shares in the quarter, for a total of 305,609 shares, and has risen its stake in Mondelez International Inc (NASDAQ:MDLZ).

Among 19 analysts covering State Street Corporation (NYSE:STT), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. State Street Corporation had 77 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of State Street Corporation (NYSE:STT) has “Hold” rating given on Friday, October 6 by RBC Capital Markets. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 27. Bank of America maintained State Street Corporation (NYSE:STT) on Wednesday, January 24 with “Neutral” rating. The firm earned “Hold” rating on Tuesday, April 11 by Jefferies. The stock of State Street Corporation (NYSE:STT) has “Buy” rating given on Tuesday, January 23 by Keefe Bruyette & Woods. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, August 28. The firm earned “Equal-Weight” rating on Monday, November 14 by Morgan Stanley. The stock has “Hold” rating by Argus Research on Thursday, January 26. The rating was maintained by Deutsche Bank with “Hold” on Friday, September 9. Jefferies maintained the stock with “Buy” rating in Monday, October 10 report.

Maltese Capital Management Llc, which manages about $1.71B and $1.17 billion US Long portfolio, decreased its stake in Southern Mo Bancorp Inc (NASDAQ:SMBC) by 33,372 shares to 116,507 shares, valued at $4.25M in 2017Q3, according to the filing. It also reduced its holding in First Bus Finl Svcs Inc Wis (NASDAQ:FBIZ) by 70,800 shares in the quarter, leaving it with 17,000 shares, and cut its stake in United Cmnty Finl Corp Ohio (NASDAQ:UCFC).

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.17, from 1.13 in 2017Q2. It is negative, as 55 investors sold ARCC shares while 104 reduced holdings. 35 funds opened positions while 118 raised stakes. 161.57 million shares or 5.32% less from 170.64 million shares in 2017Q2 were reported. Baldwin Brothers Ma reported 6,000 shares. Sumitomo Mitsui Asset Management Com Ltd has 655,426 shares for 0.17% of their portfolio. Landscape Management Limited Liability Co owns 59,569 shares. Washington Savings Bank holds 0% or 241 shares in its portfolio. Evercore Wealth Mngmt Limited Liability has 0% invested in Ares Capital Corporation (NASDAQ:ARCC). Cornerstone holds 119,514 shares or 0.34% of its portfolio. Edge Wealth Ltd Limited Liability Company has 0% invested in Ares Capital Corporation (NASDAQ:ARCC) for 464 shares. Carroll Inc invested in 5,654 shares. Loomis Sayles And Communication LP holds 0.03% in Ares Capital Corporation (NASDAQ:ARCC) or 702,485 shares. Hanson Mcclain reported 0% stake. Thrivent For Lutherans invested 0.03% in Ares Capital Corporation (NASDAQ:ARCC). Mcgowan Grp Incorporated Asset Incorporated holds 2.62% or 820,501 shares. Segall Bryant And Hamill Limited Com reported 621,725 shares stake. One Trading LP holds 0.01% in Ares Capital Corporation (NASDAQ:ARCC) or 43,327 shares. 68,787 are owned by Sei Invests Company.

Among 17 analysts covering Ares Capital (NASDAQ:ARCC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 9 by JMP Securities. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, November 14. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, October 5. The rating was initiated by National Securities with “Neutral” on Tuesday, June 28. The rating was upgraded by Raymond James to “Outperform” on Friday, August 28. On Thursday, November 2 the stock rating was maintained by Jefferies with “Buy”. Oppenheimer initiated the shares of ARCC in report on Wednesday, September 20 with “Buy” rating. The stock has “Buy” rating by Citigroup on Friday, August 21. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Buy” rating by Keefe Bruyette & Woods on Sunday, July 23. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, June 14.

Since January 23, 2018, it had 1 insider purchase, and 0 sales for $3,242 activity.

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By1 Nellie Frank

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