State Street (NYSE:STT) Price Target Raised to $150.00

State Street (NYSE:STT) had its target price upped by Truist Financial from $136.00 to $150.00 in a report released on Monday morning, MarketBeat reports. Truist Financial currently has a hold rating on the asset manager’s stock.

Several other analysts also recently issued reports on the company. Loop Capital set a $144.00 target price on State Street in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of State Street in a research note on Wednesday, January 21st. Wall Street Zen raised State Street from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Citigroup started coverage on State Street in a research note on Monday, February 23rd. They set a “buy” rating and a $150.00 target price on the stock. Finally, Morgan Stanley decreased their target price on State Street from $168.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.00.

State Street Stock Down 0.8%

NYSE STT opened at $152.28 on Monday. The stock’s 50-day moving average price is $129.85 and its 200-day moving average price is $125.74. The company has a quick ratio of 0.61, a current ratio of 0.57 and a debt-to-equity ratio of 1.04. State Street has a 52 week low of $85.05 and a 52 week high of $156.18. The company has a market capitalization of $42.19 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37.

State Street (NYSE:STT) last released its earnings results on Friday, April 17th. The asset manager reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.20. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.59 billion. State Street had a return on equity of 14.22% and a net margin of 13.47%.The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $2.04 earnings per share. On average, equities research analysts predict that State Street will post 12.21 earnings per share for the current year.

State Street Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, April 1st. State Street’s dividend payout ratio (DPR) is currently 34.08%.

Insiders Place Their Bets

In other State Street news, EVP John Plansky sold 16,100 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $124.32, for a total transaction of $2,001,552.00. Following the completion of the transaction, the executive vice president owned 56,162 shares in the company, valued at $6,982,059.84. This trade represents a 22.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On State Street

Several institutional investors have recently added to or reduced their stakes in STT. Regents of The University of California grew its holdings in State Street by 211.2% during the 4th quarter. Regents of The University of California now owns 8,706,195 shares of the asset manager’s stock valued at $1,123,186,000 after buying an additional 5,908,370 shares in the last quarter. Norges Bank purchased a new position in State Street during the 4th quarter valued at approximately $303,483,000. Pinebridge Investments LLC purchased a new position in State Street during the 4th quarter valued at approximately $178,705,000. Victory Capital Management Inc. grew its holdings in State Street by 30.8% during the 4th quarter. Victory Capital Management Inc. now owns 4,559,546 shares of the asset manager’s stock valued at $588,227,000 after buying an additional 1,074,174 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in State Street by 261.0% during the 3rd quarter. Two Sigma Investments LP now owns 1,217,802 shares of the asset manager’s stock valued at $141,277,000 after buying an additional 880,507 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Key State Street News

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

• Positive Sentiment: Earnings-estimate revisions are moving higher for State Street, suggesting analysts expect continued profit momentum — a near-term positive catalyst. Earnings Estimates Moving Higher for State Street (STT): Time to Buy?
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $175, signaling upside vs. current levels and supporting investor optimism. Keefe, Bruyette & Woods Boosts State Street (NYSE:STT) Price Target to $175.00
• Positive Sentiment: Momentum and Q1 commentary: observers note STT rallied recently (up ~4.3% over a week) and some analysts described Q1 as a “blockbuster,” reflecting strong EPS/revenue beats that underpin the bullish case. State Street Corporation (STT) Is Up 4.31% in One Week: What You Should Know
• Neutral Sentiment: Analyst coverage is mixed: several outlets highlight conflicting views across brokerages (some Holds, some constructive), leaving consensus direction unclear for investors. Analysts’ Opinions Are Mixed on These Financial Stocks: Simmons 1st Nat’l (SFNC) and State Street (STT)
• Neutral Sentiment: State Street’s asset-management units have trimmed/ceased “substantial holder” positions in several foreign names — routine portfolio moves that are unlikely to materially affect STT’s fundamentals but may show portfolio flow activity. State Street Exits Substantial Holder Position in Washington H. Soul Pattinson
• Negative Sentiment: Bank of America (via coverage reported on TipRanks) reiterated a Hold, noting that while near-term delivery is solid, a valuation re-rating limits upside — a cautionary signal that can cap multiple expansion. State Street: Solid Near‑term Delivery but Valuation Re‑Rating Leaves Risk‑Reward Balanced at Hold
• Negative Sentiment: RBC Capital issued a Hold on STT, reinforcing the cautious theme among some brokers and contributing to today’s selling pressure. State Street (STT) Receives a Hold from RBC Capital

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.