State Street Corporation $STT Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in State Street Corporation (NYSE:STT) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 261,849 shares of the asset manager’s stock after selling 10,085 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in State Street were worth $33,781,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of STT. True Wealth Design LLC grew its position in shares of State Street by 166.3% during the third quarter. True Wealth Design LLC now owns 253 shares of the asset manager’s stock worth $29,000 after buying an additional 158 shares in the last quarter. JPL Wealth Management LLC purchased a new position in State Street in the third quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in State Street during the 3rd quarter worth approximately $35,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of State Street in the 3rd quarter valued at approximately $35,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of State Street by 2,142.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 314 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insider Activity

In related news, EVP John Plansky sold 16,100 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $124.32, for a total value of $2,001,552.00. Following the transaction, the executive vice president owned 56,162 shares in the company, valued at $6,982,059.84. The trade was a 22.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

State Street Price Performance

Shares of NYSE STT opened at $150.04 on Tuesday. The stock has a market cap of $41.57 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.93 and a beta of 1.37. State Street Corporation has a twelve month low of $79.56 and a twelve month high of $150.27. The stock has a 50 day moving average of $129.01 and a two-hundred day moving average of $125.29. The company has a current ratio of 0.57, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04.

State Street (NYSE:STT) last announced its earnings results on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.20. The business had revenue of $3.80 billion for 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 company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 EPS. On average, research analysts forecast that State Street Corporation will post 11.94 earnings per share for the current year.

State Street Dividend Announcement

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

State Street News Roundup

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

• Positive Sentiment: Multiple analysts call Q1 a standout quarter — RBC and other firms described Q1 as a “blockbuster,” citing strong earnings, revenue beat and a 20% ROTCE that supports re-rated valuations and higher price targets. State Street Had A ‘Blockbuster’ Q1, Analyst Says
• Positive Sentiment: Several analysts raised earnings forecasts and price targets after STT’s better-than-expected Q1 results, which is supporting upward revision momentum across the sell-side. These Analysts Increase Their Forecasts On State Street After Better-Than-Expected Q1 Earnings
• Positive Sentiment: Keefe, Bruyette & Woods bumped its price target to $175 (outperform), signaling conviction that strong fundamentals and returns will continue to support upside. Benzinga
• Positive Sentiment: Zacks upgraded STT to a #2 (Buy), reflecting growing optimism about the company’s near-term earnings trajectory — another factor likely to attract buyers. State Street (STT) Upgraded to Buy: What Does It Mean for the Stock?
• Neutral Sentiment: Market commentary (Yahoo Finance) examines how State Street’s investment story is shifting with new targets and fair-value framing — useful context for investors but not an immediate catalyst on its own. How The State Street (STT) Investment Story Is Shifting With New Targets And Fair Value
• Neutral Sentiment: Opinion pieces urge investors to hold rather than take profits after the sharp rally — supportive of continued investor interest but not a hard news catalyst. Do Not Take Profits On State Street, Despite Its Impressive Rally
• Neutral Sentiment: Regulatory/filed update: State Street Group has ceased to be a substantial holder in Home Consortium (HMC AU). This appears company/portfolio-specific and is unlikely to materially affect STT’s core business. State Street Group Ceases to Be Substantial Holder in HMC Capital
• Negative Sentiment: Truist raised its target to $150 but kept a “hold” rating, which could cap some near-term upside by signaling more cautious expectations from parts of the sell-side. Truist Raises PT to $150, Maintains Hold

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays set a $165.00 target price on shares of State Street in a research note on Monday. Citigroup initiated coverage on State Street in a research report on Monday, February 23rd. They set a “buy” rating and a $150.00 target price on the stock. Loop Capital set a $144.00 price target on State Street in a report on Tuesday, January 6th. Evercore set a $158.00 price objective on shares of State Street and gave the stock an “outperform” rating in a report on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of State Street in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, State Street currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.92.

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.