Shares of State Street Corporation (NYSE:STT – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $193.38.
A number of research analysts have weighed in on STT shares. The Goldman Sachs Group raised their target price on shares of State Street from $168.00 to $194.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of State Street from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, October 6th. Evercore set a $200.00 price target on State Street in a report on Monday, July 20th. TD Cowen began coverage on State Street in a research report on Thursday. They issued a “buy” rating and a $205.00 target price for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of State Street from $195.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th.
Read Our Latest Report on State Street
Insider Activity at State Street
Institutional Trading of State Street
A number of institutional investors have recently modified their holdings of STT. Philadelphia Investment Partners LLC purchased a new stake in State Street during the 2nd quarter worth about $26,000. Bell Investment Advisors Inc acquired a new position in shares of State Street during the 2nd quarter valued at about $28,000. Elevation Wealth Partners LLC lifted its holdings in shares of State Street by 153.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 175 shares of the asset manager’s stock worth $30,000 after acquiring an additional 106 shares during the period. Continuum Advisory LLC purchased a new position in shares of State Street during the 2nd quarter worth about $30,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of State Street during the 2nd quarter worth about $33,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
State Street Stock Down 0.0%
STT stock opened at $174.95 on Wednesday. The firm has a 50-day simple moving average of $185.75 and a 200-day simple moving average of $168.31. State Street has a 52 week low of $104.64 and a 52 week high of $195.93. The stock has a market capitalization of $48.06 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.83 and a beta of 1.41. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.04.
State Street (NYSE:STT – Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $3.88 billion. State Street had a return on equity of 15.26% and a net margin of 15.02%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.04 earnings per share. Equities analysts forecast that State Street will post 13.80 earnings per share for the current fiscal year.
State Street Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. This is a boost from State Street’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, October 1st. State Street’s dividend payout ratio (DPR) is currently 32.45%.
More State Street News
Here are the key news stories impacting State Street this week:
- Positive Sentiment: Trump Accounts could create a significant long-term asset-gathering opportunity. State Street Global Advisors’ SPYM ETF is reportedly the default investment option for accounts covering nearly 70 million children. The mandate could produce recurring management fees and increase State Street’s assets under management over time, though the near-term financial impact remains uncertain. 70 Million Kids Just Got Trump Accounts. The Bigger Winner Could Be State Street
- Positive Sentiment: TD Cowen initiated coverage with a Buy rating and a $205 price target. The target implies meaningful upside from the stock’s referenced trading level and adds support to the view that State Street remains undervalued relative to its earnings and asset-management potential. State Street Receives TD Cowen Buy Rating
- Positive Sentiment: State Street is being positioned as a relatively high-quality global-bank investment. The positive thesis points to its asset-servicing scale, resilient earnings, and potential benefits from improving market activity and investor demand for quality financial companies. State Street Shines On As A Bet On Quality Among Global Banks
- Neutral Sentiment: Investors are focused on third-quarter metrics. Wall Street estimates cover revenue, earnings, assets under custody and administration, and fee trends for the quarter ended September 2026. The figures could determine whether recent momentum is translating into sustainable operating growth. Ahead of State Street Q3 Earnings
- Neutral Sentiment: State Street research highlights that ETF liquidity, rather than expense ratios alone, affects investor costs. This supports the firm’s ETF expertise but is not a direct earnings catalyst. 3 ETF Liquidity Myths That Can Raise Client Costs
- Neutral Sentiment: State Street Global Advisors’ Singapore unit appointed Tyxeros Trading as a designated market maker for the SPDR Straits Times Index ETF. The announcement reinforces ETF distribution and market-support activity but has limited direct implications for State Street Corporation’s valuation. SPDR Straits Times Index ETF Adds Tyxeros Trading as Designated Market Maker
State Street Company Profile
State Street Corporation (NYSE: STT) is a financial services company that provides institutional investors, asset managers, asset owners, insurance companies, official institutions and other organizations with investment servicing, investment management and related financial services. Its offerings include custody and fund administration, accounting, transfer agency, collateral management, securities lending, foreign exchange, trading and other capital markets services.
Through State Street Investment Management, the company manages investment strategies and offers products such as exchange-traded funds, index strategies, active strategies and other portfolio solutions.
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