Mendon Capital Advisors Lowered Its State Str (Put) (STT) Holding; Wedgewood Partners Lowered Tjx Companies (TJX) Position

December 7, 2017 - By Adrian Erickson

Wedgewood Partners Inc decreased Tjx Companies (TJX) stake by 17.2% reported in 2017Q2 SEC filing. Wedgewood Partners Inc sold 312,032 shares as Tjx Companies (TJX)’s stock declined 3.78%. The Wedgewood Partners Inc holds 1.50 million shares with $108.37M value, down from 1.81M last quarter. Tjx Companies now has $47.45B valuation. The stock decreased 0.73% or $0.55 during the last trading session, reaching $75.05. About 3.18 million shares traded. The TJX Companies, Inc. (NYSE:TJX) has declined 2.02% since December 7, 2016 and is downtrending. It has underperformed by 18.72% the S&P500.

Mendon Capital Advisors Corp decreased State Str Corp (Put) (STT) stake by 41.33% reported in 2017Q2 SEC filing. Mendon Capital Advisors Corp sold 62,000 shares as State Str Corp (Put) (STT)’s stock rose 0.17%. The Mendon Capital Advisors Corp holds 88,000 shares with $7.90M value, down from 150,000 last quarter. State Str Corp (Put) now has $35.79B valuation. The stock decreased 0.32% or $0.31 during the last trading session, reaching $96.52. About 1.39M shares traded. State Street Corporation (NYSE:STT) has risen 33.09% since December 7, 2016 and is uptrending. It has outperformed by 16.39% the S&P500.

Mendon Capital Advisors Corp increased Pacific Premier Bancorp (NASDAQ:PPBI) stake by 621,938 shares to 928,557 valued at $34.26 million in 2017Q2. It also upped Aflac Inc (Put) (NYSE:AFL) stake by 50,500 shares and now owns 88,000 shares. First Bancorp N C (NASDAQ:FBNC) was raised too.

Analysts await State Street Corporation (NYSE:STT) to report earnings on January, 24. They expect $1.69 earnings per share, up 14.19% or $0.21 from last year’s $1.48 per share. STT’s profit will be $626.71M for 14.28 P/E if the $1.69 EPS becomes a reality. After $1.71 actual earnings per share reported by State Street Corporation for the previous quarter, Wall Street now forecasts -1.17% negative EPS growth.

Investors sentiment decreased to 0.73 in Q2 2017. Its down 0.02, from 0.75 in 2017Q1. It turned negative, as 33 investors sold STT shares while 306 reduced holdings. 86 funds opened positions while 163 raised stakes. 320.02 million shares or 0.87% less from 322.84 million shares in 2017Q1 were reported. Caxton LP has 100,000 shares for 0.06% of their portfolio. Kelly Lawrence W Associates Ca invested in 1,700 shares or 0.03% of the stock. Broderick Brian C reported 2,347 shares or 0.08% of all its holdings. Nomura Asset Mgmt Ltd invested in 0.09% or 76,913 shares. Fiera Cap invested 0% of its portfolio in State Street Corporation (NYSE:STT). Supplemental Annuity Collective Of Nj holds 0.42% of its portfolio in State Street Corporation (NYSE:STT) for 10,557 shares. Conning stated it has 0.03% in State Street Corporation (NYSE:STT). Moreover, Evanson Asset Management Limited has 0.14% invested in State Street Corporation (NYSE:STT) for 6,674 shares. 232 were accumulated by Thompson Davis &. Bridges Invest Counsel invested 0.17% in State Street Corporation (NYSE:STT). Puzo Michael J accumulated 7,514 shares. The Ohio-based Diamond Hill Capital has invested 0.01% in State Street Corporation (NYSE:STT). Clark Capital Management Group invested 0.69% of its portfolio in State Street Corporation (NYSE:STT). Nwq Investment Management Co Ltd Liability Co holds 0.03% or 22,700 shares in its portfolio. Apg Asset Mgmt Nv holds 0.16% or 980,180 shares.

Since June 12, 2017, it had 0 insider purchases, and 2 selling transactions for $731,337 activity. Shares for $497,928 were sold by HOOLEY JOSEPH L. On Monday, June 12 CARP JEFFREY N sold $233,409 worth of State Street Corporation (NYSE:STT) or 2,656 shares.

Among 16 analysts covering State Street Corporation (NYSE:STT), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. State Street Corporation had 62 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating by Deutsche Bank given on Friday, May 27. The firm earned “Hold” rating on Thursday, June 22 by RBC Capital Markets. The firm has “Hold” rating by Jefferies given on Friday, September 15. RBC Capital Markets maintained it with “Hold” rating and $104.0 target in Tuesday, October 24 report. Barclays Capital maintained State Street Corporation (NYSE:STT) rating on Thursday, July 27. Barclays Capital has “Overweight” rating and $104 target. On Monday, May 29 the stock rating was maintained by Bank of America with “”. Deutsche Bank maintained it with “Hold” rating and $64 target in Thursday, June 16 report. The stock of State Street Corporation (NYSE:STT) has “Hold” rating given on Friday, October 6 by RBC Capital Markets. Barclays Capital maintained it with “Overweight” rating and $92 target in Tuesday, January 3 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, October 23.

Investors sentiment increased to 1.02 in 2017 Q2. Its up 0.04, from 0.98 in 2017Q1. It increased, as 64 investors sold TJX shares while 367 reduced holdings. 81 funds opened positions while 357 raised stakes. 550.70 million shares or 0.52% less from 553.56 million shares in 2017Q1 were reported. Ameriprise Finance, Minnesota-based fund reported 8.47 million shares. Cap Counsel Ltd Liability Ny holds 4,133 shares. Congress Asset Ma accumulated 0.87% or 676,876 shares. Sphera Funds Mngmt Ltd has 24,700 shares for 0.3% of their portfolio. Atlas Browninc holds 15,971 shares. Utah Retirement System reported 118,121 shares stake. Wetherby Asset Mngmt holds 13,488 shares. 12,687 are owned by Ims Capital Mgmt. Weybosset & Ltd Liability Corp invested in 3.59% or 77,260 shares. Jlb Associates has 2.11% invested in The TJX Companies, Inc. (NYSE:TJX) for 114,950 shares. Ruggie Cap Group holds 0% of its portfolio in The TJX Companies, Inc. (NYSE:TJX) for 5 shares. Wesbanco Bank invested in 3,986 shares. South State Corp stated it has 122,771 shares. Armstrong Henry H Associates Incorporated holds 0.33% or 23,685 shares. Laurel Grove Ltd Co accumulated 12,897 shares.

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By1 Adrian Erickson




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