45,522 Shares in State Street Corporation $STT Acquired by Chase Investment Counsel Corp

Posted by Stanley Muller on Aug 17th, 2026

Chase Investment Counsel Corp bought a new position in State Street Corporation (NYSE:STT – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,522 shares of the asset manager’s stock, valued at approximately $7,720,000. State Street makes up approximately 1.6% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC bought a new position in shares of State Street during the 2nd quarter worth approximately $1,742,000. Abbot Financial Management Inc. bought a new stake in shares of State Street in the 2nd quarter valued at $1,732,000. Flputnam Investment Management Co. acquired a new position in shares of State Street during the 2nd quarter valued at $6,070,000. Horizon Investment Services LLC acquired a new position in shares of State Street during the 2nd quarter valued at $4,787,000. Finally, Global Retirement Partners LLC bought a new position in State Street during the second quarter worth $1,676,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on STT. Citigroup raised their price target on shares of State Street from $193.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Barclays increased their price objective on shares of State Street from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. raised their target price on State Street from $176.50 to $187.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. UBS Group set a $176.00 target price on State Street in a research report on Friday, June 26th. Finally, Morgan Stanley upped their price target on State Street from $183.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.38.

View Our Latest Research Report on STT

State Street Trading Up 0.1%

NYSE:STT opened at $191.92 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.59 and a quick ratio of 0.59. State Street Corporation has a one year low of $104.64 and a one year high of $192.51. The company has a market cap of $52.72 billion, a PE ratio of 16.92, a PEG ratio of 0.79 and a beta of 1.41. The firm has a 50-day moving average of $177.65 and a 200-day moving average of $151.88.

State Street (NYSE:STT – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The asset manager reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.31. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.88 billion. State Street had a net margin of 15.02% and a return on equity of 15.26%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 EPS. As a group, equities research analysts expect that State Street Corporation will post 13.75 EPS for the current fiscal year.

State Street Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Thursday, October 1st will be issued a $0.92 dividend. This is a boost from State Street’s previous quarterly dividend of $0.84. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 1st. State Street’s dividend payout ratio is 29.63%.

Insider Activity

In related news, CEO Hanley Ronald P. O sold 14,553 shares of State Street stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $184.17, for a total transaction of $2,680,226.01. Following the transaction, the chief executive officer owned 240,959 shares of the company’s stock, valued at $44,377,419.03. The trade was a 5.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP W. Bradford Hu sold 9,758 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $184.52, for a total value of $1,800,546.16. Following the sale, the executive vice president owned 49,794 shares of the company’s stock, valued at $9,187,988.88. This trade represents a 16.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 49,576 shares of company stock worth $8,415,875 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

State Street 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.