State Street Corporation $STT Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in shares of State Street Corporation (NYSE:STT) by 41.7% in the fourth quarter, Holdings Channel reports. The fund owned 20,000 shares of the asset manager’s stock after selling 14,306 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in State Street were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in State Street during the 3rd quarter worth approximately $29,000. True Wealth Design LLC lifted its position in State Street by 166.3% during the 3rd 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. Board of the Pension Protection Fund acquired a new stake in State Street during the 4th quarter worth approximately $39,000. Flagship Wealth Advisors LLC acquired a new stake in State Street during the 3rd quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in State Street during the 3rd quarter worth approximately $35,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John Plansky sold 16,100 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 56,162 shares of the company’s stock, valued at approximately $6,982,059.84. This represents a 22.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

STT has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of State Street in a research report on Monday. Wall Street Zen raised State Street from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Evercore set a $158.00 price objective on State Street and gave the stock an “outperform” rating in a research report on Monday. Seaport Research Partners reaffirmed a “buy” rating and set a $170.00 price objective on shares of State Street in a research report on Monday. Finally, Argus increased their price objective on State Street from $140.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

More State Street News

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

State Street Stock Performance

Shares of STT stock opened at $152.28 on Thursday. The company has a market cap of $42.19 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. The stock has a 50 day simple moving average of $129.85 and a 200-day simple moving average of $125.74. State Street Corporation has a 12-month low of $85.05 and a 12-month high of $156.18. 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 issued its earnings results on Friday, April 17th. The asset manager reported $2.84 earnings per share (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 the consensus estimate of $3.59 billion. State Street had a return on equity of 14.22% and a net margin of 13.47%.The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 EPS. On average, equities analysts forecast 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. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, April 1st. State Street’s dividend 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.