Cinctive Capital Management LP Boosts Stock Holdings in State Street Corporation $STT

Cinctive Capital Management LP grew its stake in shares of State Street Corporation (NYSE:STT) by 60.4% during the third quarter, Holdings Channel reports. The institutional investor owned 108,866 shares of the asset manager’s stock after purchasing an additional 41,010 shares during the quarter. Cinctive Capital Management LP’s holdings in State Street were worth $12,630,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of STT. True Wealth Design LLC lifted its stake in shares of State Street by 166.3% in the 3rd quarter. True Wealth Design LLC now owns 253 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 158 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in State Street during the 3rd quarter worth approximately $35,000. SJS Investment Consulting Inc. increased its stake in State Street by 2,142.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 314 shares of the asset manager’s stock worth $36,000 after purchasing an additional 300 shares during the period. Ameriflex Group Inc. increased its stake in State Street by 102.5% in the 3rd quarter. Ameriflex Group Inc. now owns 318 shares of the asset manager’s stock worth $37,000 after purchasing an additional 161 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in State Street by 38.2% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 340 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling

In other State Street news, EVP John Plansky sold 16,100 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $124.32, for a total value of $2,001,552.00. Following the completion of the transaction, the executive vice president directly owned 56,162 shares in the company, valued at approximately $6,982,059.84. This represents a 22.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.29% of the company’s stock.

State Street Price Performance

Shares of STT stock opened at $121.27 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. State Street Corporation has a fifty-two week low of $72.81 and a fifty-two week high of $137.05. The firm has a market cap of $33.80 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.06 and a beta of 1.43. The business’s 50 day moving average price is $128.92 and its 200-day moving average price is $122.05.

State Street (NYSE:STT) last announced its earnings results on Friday, January 16th. The asset manager reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.15. State Street had a return on equity of 13.46% and a net margin of 13.02%.The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company earned $2.60 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that State Street Corporation will post 9.68 earnings per share for the current year.

State Street Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, April 1st. State Street’s payout ratio is presently 35.71%.

State Street News Summary

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

• Positive Sentiment: State Street launched the State Street IG Public & Private ABS ETF (PRAB), targeting a large public/private credit opportunity (CLOs, MBS). This product can help SSGA gather fee‑bearing AUM in higher‑yield credit niches if it attracts flows. Read More.
• Positive Sentiment: A senior executive indicated Q1 revenue is likely to exceed earlier expectations—if realized, better revenue trajectory would support earnings and fee income visibility. Read More.
• Neutral Sentiment: State Street-affiliated ETFs (SSGA) in sectors like energy are performing well, reflecting broader market moves; positive fund performance can help asset-gathering but is only indirectly supportive of STT’s stock. Read More.
• Neutral Sentiment: State Street entities reduced or exited substantial holdings in several Australian-listed companies (Liontown, Nick Scali, PWR). These are portfolio/ fund-level adjustments by State Street’s passive/active platforms and don’t directly imply a change to STT’s corporate fundamentals. Read More.
• Negative Sentiment: EVP John Plansky sold 16,100 shares (~$2.0M) and reduced his holdings ~22%. Insider selling can weigh on sentiment, especially when it’s a material reduction by a senior executive. Read More.

Analysts Set New Price Targets

STT has been the subject of a number of analyst reports. Wall Street Zen raised State Street from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Truist Financial set a $136.00 price target on shares of State Street in a report on Tuesday, January 20th. TD Cowen reissued a “buy” rating on shares of State Street in a research report on Wednesday, January 7th. Zacks Research lowered shares of State Street from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of State Street in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.83.

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.