DNB Asset Management AS Sells 18,665 Shares of State Street Corporation $STT

Posted by George Bondi on May 16th, 2026

DNB Asset Management AS trimmed its position in State Street Corporation (NYSE:STT – Free Report) by 4.7% during the fourth quarter, Holdings Channel reports. The firm owned 376,836 shares of the asset manager’s stock after selling 18,665 shares during the quarter. DNB Asset Management AS’s holdings in State Street were worth $48,616,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI raised its holdings in State Street by 15.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 26,828 shares of the asset manager’s stock valued at $3,461,000 after acquiring an additional 3,649 shares during the period. Thrivent Financial for Lutherans raised its holdings in State Street by 35.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,499 shares of the asset manager’s stock valued at $1,987,000 after acquiring an additional 4,035 shares during the period. AM Investment Strategies LLC raised its holdings in State Street by 14.8% in the 4th quarter. AM Investment Strategies LLC now owns 6,428 shares of the asset manager’s stock valued at $829,000 after acquiring an additional 829 shares during the period. Arbejdsmarkedets Tillaegspension bought a new position in State Street in the 4th quarter valued at about $23,784,000. Finally, Allworth Financial LP raised its holdings in State Street by 24.6% in the 4th quarter. Allworth Financial LP now owns 3,795 shares of the asset manager’s stock valued at $490,000 after acquiring an additional 750 shares during the period. 87.44% of the stock is owned by institutional investors.

State Street Stock Performance

Shares of NYSE:STT opened at $152.89 on Friday. The company’s 50 day moving average price is $136.77 and its two-hundred day moving average price is $129.56. State Street Corporation has a 12-month low of $94.19 and a 12-month high of $156.18. The firm has a market cap of $42.32 billion, a PE ratio of 15.51, a PEG ratio of 0.84 and a beta of 1.45. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.04.

State Street (NYSE:STT – Get Free Report) last announced 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. 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 analyst estimates of $3.59 billion. During the same quarter in the prior year, the business posted $2.04 EPS. The business’s revenue was up 15.6% compared to the same quarter last year. Equities research analysts predict that State Street Corporation will post 12.35 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. Shareholders of record on Wednesday, April 1st were given 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 was Wednesday, April 1st. State Street’s dividend payout ratio is presently 34.08%.

Analysts Set New Price Targets

Several research analysts have weighed in on STT shares. Keefe, Bruyette & Woods increased their price target on shares of State Street from $157.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Zacks Research raised shares of State Street from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Bank of America raised shares of State Street from an “underperform” rating to a “neutral” rating and set a $143.00 price target on the stock in a report on Monday, April 6th. Wall Street Zen raised shares of State Street from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Citigroup increased their price target on shares of State Street from $150.00 to $172.00 and gave the company a “buy” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, State Street has an average rating of “Moderate Buy” and a consensus target price of $155.77.

Get Our Latest Report on STT

Insiders Place Their Bets

In other State Street news, EVP John Plansky sold 16,100 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were 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 in the company, valued at $6,982,059.84. This represents a 22.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael L. Richards sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the transaction, the executive vice president owned 43,522 shares in the company, valued at approximately $6,697,600.58. The trade was a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,711 shares of company stock worth $3,933,032 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

State Street Company Profile

(Free Report)

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.