Ferguson Wellman Capital Management Inc. Has $137.21 Million Holdings in State Street Corporation $STT

Posted by Brian Himes on Aug 29th, 2026

Ferguson Wellman Capital Management Inc. lowered its stake in State Street Corporation (NYSE:STT – Free Report) by 19.9% during the second quarter, Holdings Channel.com reports. The fund owned 809,023 shares of the asset manager’s stock after selling 201,223 shares during the period. State Street accounts for approximately 1.7% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 15th largest holding. Ferguson Wellman Capital Management Inc.’s holdings in State Street were worth $137,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in State Street during the second quarter worth $4,139,389,000. Regents of The University of California grew its position in shares of State Street by 211.2% in the 4th quarter. Regents of The University of California now owns 8,706,195 shares of the asset manager’s stock valued at $1,123,186,000 after acquiring an additional 5,908,370 shares during the period. Norges Bank bought a new position in shares of State Street in the 4th quarter valued at about $303,483,000. Legal & General Group Plc acquired a new position in shares of State Street during the 2nd quarter worth about $330,849,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of State Street in the 2nd quarter valued at about $301,393,000. Institutional investors own 87.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Hanley Ronald P. O sold 14,553 shares of State Street stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $184.17, for a total value of $2,680,226.01. Following the completion of the sale, the chief executive officer directly owned 240,959 shares in the company, valued at approximately $44,377,419.03. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock in a transaction that occurred 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 directly owned 49,794 shares in the company, valued at $9,187,988.88. This 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 sold 25,811 shares of company stock worth $4,723,982 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup lifted their price target on State Street from $193.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Evercore set a $200.00 target price on State Street in a report on Monday, July 20th. Keefe, Bruyette & Woods raised their price target on State Street from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, July 17th. UBS Group set a $176.00 price objective on shares of State Street in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of State Street from $176.50 to $187.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, State Street currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.38.

Read Our Latest Stock Analysis on State Street

State Street Stock Performance

NYSE:STT opened at $193.42 on Friday. The stock has a market cap of $53.13 billion, a P/E ratio of 17.06, a PEG ratio of 0.80 and a beta of 1.41. The stock has a 50 day simple moving average of $182.46 and a 200 day simple moving average of $155.95. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.04. State Street Corporation has a 1-year low of $104.64 and a 1-year high of $195.93.

State Street (NYSE:STT – Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.31. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.88 billion. State Street had a return on equity of 15.26% and a net margin of 15.02%.The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.04 EPS. Research analysts anticipate that State Street Corporation will post 13.75 earnings per share for the current year.

State Street Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Thursday, October 1st will be given a dividend of $0.92 per share. This is a positive change from State Street’s previous quarterly dividend of $0.84. This represents a $3.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. State Street’s payout ratio is 29.63%.

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.