BTC Capital Management Inc. Acquires 4,153 Shares of State Street Corporation $STT

BTC Capital Management Inc. raised its holdings in shares of State Street Corporation (NYSE:STT) by 14.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,069 shares of the asset manager’s stock after buying an additional 4,153 shares during the period. BTC Capital Management Inc.’s holdings in State Street were worth $4,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Regents of The University of California increased its holdings in shares of State Street by 211.2% in the fourth quarter. Regents of The University of California now owns 8,706,195 shares of the asset manager’s stock worth $1,123,186,000 after buying an additional 5,908,370 shares during the period. Morgan Stanley lifted its stake in shares of State Street by 9.0% in the 4th quarter. Morgan Stanley now owns 5,222,382 shares of the asset manager’s stock valued at $673,740,000 after acquiring an additional 433,201 shares during the last quarter. Victory Capital Management Inc. boosted 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 acquiring an additional 1,074,174 shares during the period. Franklin Resources Inc. boosted its holdings in State Street by 1.7% during the 4th quarter. Franklin Resources Inc. now owns 3,926,321 shares of the asset manager’s stock valued at $506,534,000 after acquiring an additional 67,309 shares during the period. Finally, First Trust Advisors LP grew its position in State Street by 30.4% during the 4th quarter. First Trust Advisors LP now owns 3,582,977 shares of the asset manager’s stock worth $462,240,000 after acquiring an additional 835,331 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other State Street news, COO Mostapha Tahiri sold 9,611 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $152.93, for a total transaction 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 position. The sale 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 3,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the transaction, the executive vice president owned 43,522 shares of the company’s stock, valued at $6,697,600.58. This trade represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,876 shares of company stock worth $5,866,583 in the last ninety days. Insiders own 0.27% of the company’s stock.

State Street Stock Down 3.0%

Shares of NYSE:STT opened at $168.59 on Thursday. The stock’s 50-day moving average is $156.62 and its 200 day moving average is $138.48. The company has a market cap of $46.66 billion, a PE ratio of 17.10, a P/E/G ratio of 0.95 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.57 and a quick ratio of 0.57. State Street Corporation has a 1 year low of $101.89 and a 1 year high of $175.46.

State Street (NYSE:STT) last released its quarterly earnings data on Friday, April 17th. The asset manager reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.20. The business 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 business’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $2.04 EPS. Sell-side analysts anticipate that State Street Corporation will post 12.35 EPS for the current year.

State Street Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, July 1st. State Street’s dividend payout ratio is currently 34.08%.

State Street News Roundup

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

• Positive Sentiment: State Street said it plans to increase its common dividend by 10% to $0.92 per share in the third quarter of 2026, subject to board approval, after completing the Fed’s supervisory stress test. The company also said it remains authorized to repurchase shares, supporting capital return expectations. 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 to $196 from $171 and reiterated an overweight rating, signaling improved expectations for the stock’s upside. State Street price target raised by Wells Fargo
• Neutral Sentiment: State Street and peers were mentioned in broader coverage of bank stress-test results and dividend plans, which kept attention on capital returns across large financial firms. BNY, State Street, USBank plan to boost dividends after stress tests; others discuss results
• Negative Sentiment: Zacks Research downgraded State Street from strong-buy to hold, a modest headwind that may temper some of the bullish sentiment. State Street downgraded by Zacks Research

Wall Street Analyst Weigh In

A number of brokerages have commented on STT. Morgan Stanley lifted their price target on State Street from $155.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Royal Bank Of Canada increased their price objective on State Street from $135.00 to $155.00 and gave the company a “sector perform” rating in a research note on Monday, April 20th. Seaport Research Partners restated a “buy” rating and issued a $170.00 target price on shares of State Street in a report on Monday, April 20th. Bank of America raised shares of State Street from an “underperform” rating to a “neutral” rating and set a $143.00 target price on the stock in a research note on Monday, April 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of State Street from $157.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $161.63.

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.