State Street Corporation $STT Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its stake in shares of State Street Corporation (NYSE:STT) by 64.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,963 shares of the asset manager’s stock after purchasing an additional 8,599 shares during the quarter. Evergreen Capital Management LLC’s holdings in State Street were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in STT. Regents of The University of California acquired a new stake in shares of State Street during the 3rd quarter worth approximately $324,576,000. Two Sigma Investments LP raised its position in shares of State Street by 261.0% during the 3rd quarter. Two Sigma Investments LP now owns 1,217,802 shares of the asset manager’s stock worth $141,277,000 after purchasing an additional 880,507 shares during the period. First Trust Advisors LP raised its position in shares of State Street by 36.8% during the 3rd quarter. First Trust Advisors LP now owns 2,747,646 shares of the asset manager’s stock worth $318,754,000 after purchasing an additional 738,456 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of State Street during the 3rd quarter worth approximately $62,092,000. Finally, Qube Research & Technologies Ltd raised its position in shares of State Street by 157.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 863,666 shares of the asset manager’s stock worth $100,194,000 after purchasing an additional 528,246 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

More State Street News

Here are the key news stories impacting State Street this week:

• Positive Sentiment: Earnings-estimate revisions are moving higher for State Street, suggesting analysts expect continued profit momentum — a near-term positive catalyst. Earnings Estimates Moving Higher for State Street (STT): Time to Buy?
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $175, signaling upside vs. current levels and supporting investor optimism. Keefe, Bruyette & Woods Boosts State Street (NYSE:STT) Price Target to $175.00
• Positive Sentiment: Momentum and Q1 commentary: observers note STT rallied recently (up ~4.3% over a week) and some analysts described Q1 as a “blockbuster,” reflecting strong EPS/revenue beats that underpin the bullish case. State Street Corporation (STT) Is Up 4.31% in One Week: What You Should Know
• Neutral Sentiment: Analyst coverage is mixed: several outlets highlight conflicting views across brokerages (some Holds, some constructive), leaving consensus direction unclear for investors. Analysts’ Opinions Are Mixed on These Financial Stocks: Simmons 1st Nat’l (SFNC) and State Street (STT)
• Neutral Sentiment: State Street’s asset-management units have trimmed/ceased “substantial holder” positions in several foreign names — routine portfolio moves that are unlikely to materially affect STT’s fundamentals but may show portfolio flow activity. State Street Exits Substantial Holder Position in Washington H. Soul Pattinson
• Negative Sentiment: Bank of America (via coverage reported on TipRanks) reiterated a Hold, noting that while near-term delivery is solid, a valuation re-rating limits upside — a cautionary signal that can cap multiple expansion. State Street: Solid Near‑term Delivery but Valuation Re‑Rating Leaves Risk‑Reward Balanced at Hold
• Negative Sentiment: RBC Capital issued a Hold on STT, reinforcing the cautious theme among some brokers and contributing to today’s selling pressure. State Street (STT) Receives a Hold from RBC Capital

Analyst Upgrades and Downgrades

STT has been the topic of several analyst reports. Bank of America upgraded shares of State Street from an “underperform” rating to a “neutral” rating and set a $143.00 price target on the stock in a research note on Monday, April 6th. Seaport Research Partners restated a “buy” rating and issued a $170.00 price target on shares of State Street in a research note on Monday. Truist Financial raised their price target on shares of State Street from $136.00 to $150.00 and gave the company a “hold” rating in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of State Street in a research note on Monday. Finally, TD Cowen restated a “buy” rating on shares of State Street in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, State Street presently has an average rating of “Moderate Buy” and a consensus target price of $154.00.

Insider Buying and Selling

In other State Street news, EVP John Plansky sold 16,100 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $124.32, for a total transaction of $2,001,552.00. Following the transaction, the executive vice president owned 56,162 shares of the company’s stock, valued at approximately $6,982,059.84. This trade represents a 22.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

State Street Stock Down 0.8%

State Street stock opened at $152.28 on Thursday. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.96 and a beta of 1.37. The company has a current ratio of 0.57, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $129.85 and its two-hundred day moving average price is $125.74. State Street Corporation has a 52 week low of $85.05 and a 52 week high of $156.18.

State Street (NYSE:STT) last released its earnings results on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, beating the consensus estimate of $2.64 by $0.20. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.59 billion. State Street had a net margin of 13.47% and a return on equity of 14.22%. State Street’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $2.04 EPS. On average, analysts expect that State Street Corporation will post 12.21 EPS for the current fiscal year.

State Street Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $3.36 annualized dividend and a yield of 2.2%. State Street’s dividend payout ratio (DPR) is presently 34.08%.

State Street Profile

State Street Corporation is a global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors. Its principal activities include custody and fund administration, securities lending, performance and risk analytics, trading and execution services, and foreign exchange. The company also offers investment management through State Street Global Advisors, a major provider of exchange-traded funds and institutional investment strategies.

State Street serves a broad client base of asset managers, insurance companies, pension funds, endowments, and other institutions across North America, Europe, Asia and other global markets.