Stokes Capital Advisors LLC Makes New Investment in State Street Corporation $STT

Stokes Capital Advisors LLC acquired a new stake in shares of State Street Corporation (NYSE:STT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,075 shares of the asset manager’s stock, valued at approximately $389,000.

Several other hedge funds also recently modified their holdings of STT. Brighton Jones LLC acquired a new position in State Street during the 4th quarter worth about $296,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of State Street by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,223 shares of the asset manager’s stock worth $2,885,000 after purchasing an additional 918 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of State Street by 105.2% during the 1st quarter. NewEdge Advisors LLC now owns 10,193 shares of the asset manager’s stock worth $913,000 after buying an additional 5,226 shares during the period. Empowered Funds LLC grew its holdings in State Street by 220.1% during the first quarter. Empowered Funds LLC now owns 23,263 shares of the asset manager’s stock valued at $2,065,000 after purchasing an additional 15,996 shares during the period. Finally, Woodline Partners LP raised its stake in State Street by 38.4% during the 1st quarter. Woodline Partners LP now owns 24,372 shares of the asset manager’s stock worth $2,182,000 after buying an additional 6,767 shares during the period. Institutional investors and hedge funds 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: State Street announced plans to increase its quarterly dividend 10% after successfully passing the 2026 Fed stress test, a sign of financial strength and a more shareholder-friendly capital return strategy. 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 and kept an overweight rating, suggesting additional upside potential if the bank/asset manager continues to execute.
• Positive Sentiment: Market expectations for State Street’s upcoming Q2 2026 results call for double-digit EPS growth, which could reinforce the recent bullish sentiment if delivered. State Street Corporation’s Q2 2026 Earnings: What to Expect
• Neutral Sentiment: State Street was also mentioned in portfolio-holding updates involving non-U.S. companies; these appear routine and are unlikely to materially affect STT’s stock.
• Neutral Sentiment: Separately, Zacks Research downgraded STT to hold, which may temper some of the bullish reaction but is outweighed by the dividend and stress-test news.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of State Street from $136.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Royal Bank Of Canada increased their price target on shares of State Street from $135.00 to $155.00 and gave the company a “sector perform” rating in a research note on Monday, April 20th. Citigroup raised their price objective on State Street from $172.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on shares of State Street from $171.00 to $196.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Seaport Research Partners reissued a “buy” rating and set a $170.00 target price on shares of State Street in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.63.

State Street Trading Up 0.1%

Shares of NYSE STT opened at $169.09 on Friday. State Street Corporation has a 52-week low of $101.98 and a 52-week high of $175.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a 50 day moving average price of $157.16 and a two-hundred day moving average price of $138.80. The stock has a market cap of $46.80 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.43.

State Street (NYSE:STT) last posted its quarterly earnings results on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 13.47% and a return on equity of 14.22%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the company posted $2.04 earnings per share. As a group, equities analysts forecast that State Street Corporation will post 12.35 EPS for the current year.

State Street Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be issued a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.36 annualized dividend and a yield of 2.0%. State Street’s dividend payout ratio (DPR) is 34.08%.

Insider Buying and Selling

In related news, EVP Michael L. Richards sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $162.14, for a total transaction of $243,210.00. Following the transaction, the executive vice president directly owned 41,827 shares of the company’s stock, valued at approximately $6,781,829.78. This trade represents a 3.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP W. Bradford Hu sold 9,212 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total transaction of $1,431,084.20. Following the completion of the sale, the executive vice president directly owned 59,552 shares of the company’s stock, valued at $9,251,403.20. This represents a 13.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 37,876 shares of company stock worth $5,866,583. Insiders own 0.27% of the company’s stock.

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.