Stokes Capital Advisors LLC Invests $389,000 in State Street Corporation $STT

Stokes Capital Advisors LLC bought a new stake in shares of State Street Corporation (NYSE:STT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,075 shares of the asset manager’s stock, valued at approximately $389,000.

Other hedge funds also recently bought and sold shares of the company. Wilkerson Advisory Group LLC purchased a new position in State Street in the 4th quarter worth about $29,000. JPL Wealth Management LLC bought a new stake in shares of State Street during the 3rd quarter valued at $29,000. Phillip James Consulting Co. purchased a new stake in State Street in the fourth quarter worth about $30,000. Reflection Asset Management bought a new stake in State Street during the 4th quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in State Street in the 3rd quarter worth $35,000. Institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of State Street from $152.00 to $168.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. raised their price objective on shares of State Street from $137.50 to $158.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Morgan Stanley boosted their target price on shares of State Street from $155.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Seaport Research Partners restated a “buy” rating and set a $170.00 price objective on shares of State Street in a report on Monday, April 20th. Finally, Royal Bank Of Canada boosted their price target on shares of State Street from $135.00 to $155.00 and gave the company a “sector perform” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.63.

Key Headlines Impacting State Street

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

• Positive Sentiment: State Street announced plans to increase its quarterly dividend 10% after successfully passing the 2026 Fed stress test, a sign of financial strength and a more shareholder-friendly capital return strategy. State Street Corporation Announces Planned 10% Dividend Increase and 2026 Federal Reserve Supervisory Stress Test Results
• Positive Sentiment: Wells Fargo raised its price target on State Street and kept an overweight rating, suggesting additional upside potential if the bank/asset manager continues to execute.
• Positive Sentiment: Market expectations for State Street’s upcoming Q2 2026 results call for double-digit EPS growth, which could reinforce the recent bullish sentiment if delivered. State Street Corporation’s Q2 2026 Earnings: What to Expect
• Neutral Sentiment: State Street was also mentioned in portfolio-holding updates involving non-U.S. companies; these appear routine and are unlikely to materially affect STT’s stock.
• Neutral Sentiment: Separately, Zacks Research downgraded STT to hold, which may temper some of the bullish reaction but is outweighed by the dividend and stress-test news.

Insider Buying and Selling at State Street

In other news, CEO Hanley Ronald P. O sold 14,553 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.35, for a total value of $2,260,808.55. Following the transaction, the chief executive officer directly owned 255,512 shares of the company’s stock, valued at approximately $39,693,789.20. This trade represents a 5.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael L. Richards sold 1,500 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $162.14, for a total transaction of $243,210.00. Following the transaction, the executive vice president owned 41,827 shares in the company, valued at $6,781,829.78. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 37,876 shares of company stock worth $5,866,583. Company insiders own 0.27% of the company’s stock.

State Street Stock Performance

Shares of STT stock opened at $169.09 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.04. State Street Corporation has a 52-week low of $101.98 and a 52-week high of $175.46. The business has a 50-day simple moving average of $157.16 and a 200-day simple moving average of $138.80. The stock has a market cap of $46.80 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.43.

State Street (NYSE:STT) last issued its quarterly earnings data 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 company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.59 billion. State Street had a return on equity of 14.22% and a net margin of 13.47%.State Street’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $2.04 earnings per share. On average, equities analysts expect that State Street Corporation will post 12.35 EPS for the current year.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be paid a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.0%. State Street’s payout ratio is currently 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.