Virtu KCG Holdings LLC increased its holdings in South State Corporation (NASDAQ:SSB) by 196.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,401 shares of the bank’s stock after acquiring an additional 4,905 shares during the quarter. Virtu KCG Holdings LLC’s holdings in South State Corporation were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Strs Ohio increased its stake in shares of South State Corporation by 116.7% in the 1st quarter. Strs Ohio now owns 1,300 shares of the bank’s stock worth $116,000 after acquiring an additional 700 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of South State Corporation by 47.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,540 shares of the bank’s stock worth $132,000 after acquiring an additional 497 shares in the last quarter. Bank of Montreal Can increased its stake in shares of South State Corporation by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 1,550 shares of the bank’s stock worth $133,000 after acquiring an additional 34 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of South State Corporation by 1.3% in the 2nd quarter. SG Americas Securities LLC now owns 1,570 shares of the bank’s stock worth $135,000 after acquiring an additional 20 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of South State Corporation by 48.5% in the 2nd quarter. D.A. Davidson & CO. now owns 1,879 shares of the bank’s stock worth $161,000 after acquiring an additional 614 shares in the last quarter. Institutional investors own 66.71% of the company’s stock.

Shares of South State Corporation (SSB) opened at 91.45 on Friday. The stock has a market cap of $2.66 billion, a P/E ratio of 23.89 and a beta of 1.10. The stock’s 50 day moving average is $84.18 and its 200-day moving average is $85.31. South State Corporation has a one year low of $70.75 and a one year high of $93.40.

South State Corporation (NASDAQ:SSB) last issued its quarterly earnings results on Friday, July 21st. The bank reported $1.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.18. South State Corporation had a return on equity of 9.15% and a net margin of 20.00%. The business had revenue of $136.61 million for the quarter, compared to analyst estimates of $137.00 million. On average, equities analysts forecast that South State Corporation will post $4.75 EPS for the current year.

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Several brokerages recently issued reports on SSB. Piper Jaffray Companies reiterated a “neutral” rating and issued a $90.00 price target on shares of South State Corporation in a research note on Thursday. BidaskClub raised shares of South State Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research raised shares of South State Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Brean Capital reissued a “hold” rating on shares of South State Corporation in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods raised shares of South State Corporation from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $92.50.

In related news, CEO Robert R. Hill, Jr. sold 2,831 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $82.10, for a total value of $232,425.10. Following the sale, the chief executive officer now owns 140,215 shares in the company, valued at $11,511,651.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joe E. Burns sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $83.39, for a total value of $41,695.00. Following the completion of the sale, the insider now owns 39,947 shares in the company, valued at approximately $3,331,180.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,581 shares of company stock worth $294,408. 2.78% of the stock is owned by insiders.

South State Corporation Profile

South State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company’s primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years.

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Institutional Ownership by Quarter for South State Corporation (NASDAQ:SSB)

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