State Street (NYSE:STT) Given New $196.00 Price Target at Royal Bank Of Canada

State Street (NYSE:STT) had its price objective lifted by investment analysts at Royal Bank Of Canada from $155.00 to $196.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the asset manager’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 5.86% from the stock’s previous close.

STT has been the subject of several other reports. Morgan Stanley boosted their price target on State Street from $166.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods raised their price objective on State Street from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Evercore set a $186.00 price objective on State Street and gave the company an “outperform” rating in a research report on Monday, July 6th. Argus increased their target price 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, Zacks Research lowered State Street from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, State Street has a consensus rating of “Moderate Buy” and an average target price of $179.72.

State Street Stock Performance

NYSE:STT opened at $185.15 on Friday. State Street has a twelve month low of $104.64 and a twelve month high of $192.51. The company has a market capitalization of $51.24 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $165.17 and a two-hundred day moving average price of $143.83.

State Street (NYSE:STT) last issued its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 earnings per share 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 analysts’ expectations of $3.88 billion. During the same period last year, the company posted $2.04 EPS. The company’s revenue was up 23.3% on a year-over-year basis. As a group, research analysts expect that State Street will post 12.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michael L. Richards sold 1,500 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was 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 of the company’s stock, valued at $6,781,829.78. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mostapha Tahiri sold 9,611 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer owned 64,642 shares in the company, valued at approximately $9,885,701.06. The trade was a 12.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,876 shares of company stock worth $5,866,583 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Institutional Trading of State Street

A number of hedge funds have recently made changes to their positions in the company. Wilkerson Advisory Group LLC acquired a new stake in State Street during the 4th quarter valued at $29,000. JPL Wealth Management LLC acquired a new stake in shares of State Street during the third quarter valued at about $29,000. Phillip James Consulting Co. acquired a new position in shares of State Street in the fourth quarter worth about $30,000. Elevation Wealth Partners LLC boosted its holdings in State Street by 153.6% in the second quarter. Elevation Wealth Partners LLC now owns 175 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in State Street during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

State Street News Roundup

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.