State Street Corporation $STT Shares Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC increased its position in shares of State Street Corporation (NYSE:STT) by 64.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,963 shares of the asset manager’s stock after acquiring an additional 8,599 shares during the period. Evergreen Capital Management LLC’s holdings in State Street were worth $2,833,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in 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 acquiring an additional 158 shares during the period. JPL Wealth Management LLC acquired a new position in State Street during the third quarter worth about $29,000. Flagship Wealth Advisors LLC acquired a new position in State Street during the third quarter worth about $35,000. Measured Wealth Private Client Group LLC acquired a new position in shares of State Street in the 3rd quarter worth $35,000. Finally, SJS Investment Consulting Inc. grew 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 worth $36,000 after acquiring an additional 300 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

State Street News Roundup

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

Insiders Place Their Bets

In other State Street news, EVP John Plansky sold 16,100 shares of State Street stock in a transaction dated 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 transaction, the executive vice president owned 56,162 shares of the company’s stock, valued at $6,982,059.84. The trade was a 22.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on STT shares. Loop Capital set a $144.00 target price on State Street in a report on Tuesday, January 6th. Evercore set a $158.00 target price on State Street and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley lifted their target price on State Street from $155.00 to $166.00 and gave the stock an “overweight” rating in a report on Monday. Seaport Research Partners restated a “buy” rating and issued a $170.00 target price on shares of State Street in a report on Monday. Finally, Wall Street Zen upgraded State Street from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

State Street Trading Down 0.8%

NYSE STT opened at $152.28 on Thursday. State Street Corporation has a twelve month low of $85.05 and a twelve month high of $156.18. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.57. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.96 and a beta of 1.37. The firm’s 50 day moving average price is $129.85 and its two-hundred day moving average price is $125.74.

State Street (NYSE:STT) last posted 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. State Street had a net margin of 13.47% and a return on equity of 14.22%. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the company posted $2.04 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts anticipate that State Street Corporation will post 12.21 EPS for the current year.

State Street Dividend Announcement

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

State Street 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.