Seaport Res Ptn Predicts Increased Earnings for State Street

State Street Co. (NYSE:STT) – Investment analysts at Seaport Res Ptn boosted their Q1 2025 earnings estimates for shares of State Street in a report issued on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will earn $2.02 per share for the quarter, up from their prior estimate of $2.01. The consensus estimate for State Street’s current full-year earnings is $9.68 per share. Seaport Res Ptn also issued estimates for State Street’s Q1 2025 earnings at $2.02 EPS, Q1 2026 earnings at $2.27 EPS, Q1 2026 earnings at $2.27 EPS, Q2 2026 earnings at $2.86 EPS, Q2 2026 earnings at $2.86 EPS, Q3 2026 earnings at $2.90 EPS and Q3 2026 earnings at $2.90 EPS.

Other equities research analysts have also issued reports about the stock. Truist Financial cut their target price on shares of State Street from $104.00 to $89.00 and set a “hold” rating on the stock in a report on Friday. Citigroup decreased their target price on State Street from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company dropped their price target on State Street from $118.00 to $113.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $103.00 price target (down previously from $104.00) on shares of State Street in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised shares of State Street from an “underweight” rating to a “neutral” rating and set a $95.00 price objective for the company in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.07.

State Street Stock Down 8.0 %

Shares of State Street stock opened at $76.23 on Friday. The business has a fifty day simple moving average of $94.09 and a 200 day simple moving average of $94.52. The stock has a market cap of $21.99 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.42. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03. State Street has a 12 month low of $70.20 and a 12 month high of $103.00.

State Street (NYSE:STT) last released its earnings results on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.31. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.27 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.04 EPS.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Tuesday, April 1st. State Street’s dividend payout ratio (DPR) is 36.89%.

Insider Transactions at State Street

In other State Street news, Director Gregory L. Summe sold 10,815 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $100.00, for a total value of $1,081,500.00. Following the sale, the director now owns 100,023 shares in the company, valued at $10,002,300. This represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Fogarty sold 3,705 shares of State Street stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.47, for a total value of $368,536.35. Following the transaction, the executive vice president now owns 50,816 shares of the company’s stock, valued at $5,054,667.52. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On State Street

Several hedge funds have recently added to or reduced their stakes in STT. Adero Partners LLC raised its position in shares of State Street by 3.6% in the fourth quarter. Adero Partners LLC now owns 2,900 shares of the asset manager’s stock valued at $285,000 after purchasing an additional 100 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in shares of State Street by 2.0% during the third quarter. Peapack Gladstone Financial Corp now owns 5,283 shares of the asset manager’s stock worth $467,000 after acquiring an additional 103 shares during the period. Jacobi Capital Management LLC grew its position in shares of State Street by 1.0% in the fourth quarter. Jacobi Capital Management LLC now owns 12,232 shares of the asset manager’s stock valued at $1,201,000 after purchasing an additional 121 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of State Street by 0.7% during the fourth quarter. Moors & Cabot Inc. now owns 18,332 shares of the asset manager’s stock worth $1,799,000 after purchasing an additional 131 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in State Street by 13.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,157 shares of the asset manager’s stock worth $104,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

About State Street

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.