D.A. Davidson & CO. Sells 3,334 Shares of State Street Corporation $STT

D.A. Davidson & CO. decreased its position in shares of State Street Corporation (NYSE:STT) by 2.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 121,247 shares of the asset manager’s stock after selling 3,334 shares during the period. D.A. Davidson & CO.’s holdings in State Street were worth $15,345,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of STT. Wilkerson Advisory Group LLC purchased a new position in shares of State Street during the 4th quarter worth $29,000. Phillip James Consulting Co. bought a new position in shares of State Street during the 4th quarter valued at approximately $30,000. JPL Wealth Management LLC purchased a new position in shares of State Street in the third quarter valued at $29,000. Whipplewood Advisors LLC bought a new position in State Street during the first quarter valued at $34,000. Finally, Reflection Asset Management purchased a new position in shares of State Street in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

State Street Price Performance

Shares of STT stock opened at $185.15 on Friday. The stock’s 50-day moving average is $165.17 and its 200 day moving average is $143.83. State Street Corporation has a 1-year low of $104.64 and a 1-year high of $192.51. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $51.24 billion, a P/E ratio of 18.78, a PEG ratio of 0.96 and a beta of 1.42.

State Street (NYSE:STT) last announced its earnings results on Thursday, July 16th. The asset manager reported $3.65 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.31. State Street had a net margin of 13.47% and a return on equity of 14.22%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the previous year, the company posted $2.04 earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. Research analysts predict that State Street Corporation will post 12.75 earnings per share for the current fiscal year.

State Street Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Thursday, October 1st will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, October 1st. This is a positive change from State Street’s previous quarterly dividend of $0.84. This represents a $3.68 dividend on an annualized basis and a yield of 2.0%. State Street’s dividend payout ratio is currently 34.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of State Street from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. The Goldman Sachs Group boosted their target price on State Street from $168.00 to $194.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Seaport Research Partners restated a “buy” rating and issued a $170.00 price target on shares of State Street in a research report on Monday, April 20th. Truist Financial increased their price target on State Street from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada raised their price objective on State Street from $135.00 to $155.00 and gave the stock a “sector perform” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.91.

Key Headlines Impacting State Street

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

• Positive Sentiment: State Street delivered Q2 earnings of $3.65 per share, ahead of the $3.30 consensus estimate, on revenue of $4.05 billion versus $3.88 billion expected, signaling better-than-expected profitability and sales. Article title
• Positive Sentiment: Revenue jumped 23.3% from a year ago, supported by stronger fee income, higher net interest income, and no credit-loss provision, which suggests healthy core business trends. Article title
• Positive Sentiment: Assets under custody and administration and assets under management reached record levels, with AUM reported at about $6.3 trillion, reinforcing that client inflows and market values are boosting State Street’s fee base. Article title
• Positive Sentiment: Management also boosted its 2026 outlook after the beat, which investors often read as a sign that the strong quarter may not be a one-off. Article title
• Neutral Sentiment: Commentary around the earnings call highlighted record results and operational strength, but the key market driver remains the earnings beat and improving asset flows rather than any single new strategic announcement. Article title
• Neutral Sentiment: State Street also raised its quarterly dividend to $0.92 per share, a shareholder-friendly move that supports the investment case, though it is less likely to be the main driver of the stock’s move today. Article title

Insider Activity

In other State Street news, COO Mostapha Tahiri sold 9,611 shares of State Street stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $152.93, for a total value of $1,469,810.23. Following the transaction, the chief operating officer directly owned 64,642 shares of the company’s stock, valued at approximately $9,885,701.06. The trade was a 12.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael L. Richards sold 1,500 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $162.14, for a total value of $243,210.00. Following the transaction, the executive vice president directly owned 41,827 shares in the company, valued at approximately $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. Insiders have sold 37,876 shares of company stock valued at $5,866,583 in the last ninety days. 0.27% of the stock is currently owned by insiders.

State Street Company 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.