State Street (NYSE:STT – Get Free Report)‘s stock had its “hold” rating reiterated by equities research analysts at Truist Financial in a research note issued on Friday,Benzinga reports. They presently have a $191.00 price target on the asset manager’s stock, up from their previous price target of $176.00. Truist Financial’s price objective points to a potential upside of 4.37% from the company’s current price.
Several other brokerages also recently issued reports on STT. Wells Fargo & Company raised their price objective on shares of State Street from $171.00 to $196.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group raised their price target on State Street from $168.00 to $194.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Zacks Research cut State Street from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Argus increased their price objective on State Street from $140.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada boosted their target price on State Street from $155.00 to $196.00 and gave the company a “sector perform” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, State Street has a consensus rating of “Moderate Buy” and an average price target of $180.66.
State Street Trading Down 1.4%
State Street (NYSE:STT – Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.31. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.88 billion. State Street had a return on equity of 14.22% and a net margin of 13.47%.The company’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.04 earnings per share. On average, research analysts predict that State Street will post 12.75 EPS for the current year.
Insiders Place Their Bets
In other news, EVP W. Bradford Hu sold 9,212 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total value of $1,431,084.20. Following the completion of the sale, the executive vice president directly owned 59,552 shares of the company’s stock, valued at $9,251,403.20. This trade represents a 13.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael L. Richards sold 1,500 shares of State Street stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $162.14, for a total value of $243,210.00. Following the completion of the sale, the executive vice president owned 41,827 shares in the company, valued at approximately $6,781,829.78. This trade represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,876 shares of company stock worth $5,866,583 over the last quarter. 0.27% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of STT. Regents of The University of California boosted its position in shares of State Street by 211.2% during the 4th quarter. Regents of The University of California now owns 8,706,195 shares of the asset manager’s stock worth $1,123,186,000 after purchasing an additional 5,908,370 shares in the last quarter. Norges Bank acquired a new stake in shares of State Street in the fourth quarter valued at about $303,483,000. Pinebridge Investments LLC purchased a new stake in State Street during the fourth quarter worth about $178,705,000. Victory Capital Management Inc. grew its position in State Street by 30.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,559,546 shares of the asset manager’s stock worth $588,227,000 after buying an additional 1,074,174 shares during the period. Finally, Two Sigma Investments LP grew its position in State Street by 261.0% during the third quarter. Two Sigma Investments LP now owns 1,217,802 shares of the asset manager’s stock worth $141,277,000 after buying an additional 880,507 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.
State Street News Summary
Here are the key news stories impacting State Street this week:
- Positive Sentiment: State Street beat Wall Street estimates with Q2 EPS of $3.65 versus $3.34 expected and revenue of $4.05 billion versus $3.88 billion, reinforcing that earnings momentum remains strong. Business Wire: State Street Corporation (NYSE: STT) Reports Second-Quarter 2026 Financial Results
- Positive Sentiment: Profitability improved sharply, with Reuters reporting a 56% jump in quarterly profit as fee income rose, signaling healthy operating leverage. Reuters: State Street’s quarterly profit jumps 56% on strong fee income
- Positive Sentiment: Assets under management hit a record $6.3 trillion, while assets under custody/administration also reached record levels, showing continued client inflows and scale benefits. Benzinga: State Street Tops Wall Street Views As AUM Hits $6.3 Trillion
- Positive Sentiment: Management appeared confident on the earnings call, with multiple recaps highlighting a “record” quarter and boosted 2026 guidance, which tends to support the stock. Seeking Alpha: State Street posts Q2 beat as fee income jumps, 2026 guidance boosted
- Neutral Sentiment: Commentary around State Street’s digital custody strategy and summit presentation adds long-term interest, but it is unlikely to be the main driver of the stock today. Yahoo Finance: State Street (STT) Puts Digital Custody In Focus At Global Onchain Summit 2026
- Negative Sentiment: One article raised concerns about ETF pricing pressure and competitive fee compression, which could weigh on margins over time even after the strong quarter. 247WallSt: BNY Mellon Vs. State Street
About State Street
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.
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