State Street (NYSE:STT) Stock Gets Price Target Cut from Truist Financial

Posted by Brian Himes on Oct 18th, 2026

State Street (NYSE:STT – Free Report) had its price objective lowered by Truist Financial from $190.00 to $171.00 in a research report released on Thursday morning, MarketBeat Ratings reports. Truist Financial currently has a hold rating on the asset manager’s stock.

STT has been the subject of several other reports. UBS Group set a $176.00 price objective on State Street in a research report on Friday, June 26th. Weiss Ratings cut State Street from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods raised their target price on State Street from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen assumed coverage on State Street in a research note on Thursday, October 8th. They set a “buy” rating and a $205.00 target price on the stock. Finally, Evercore set a $200.00 price target on State Street in a research report on Monday, July 20th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.62.

Check Out Our Latest Analysis on State Street

State Street Price Performance

NYSE STT opened at $165.54 on Thursday. State Street has a 52 week low of $104.64 and a 52 week high of $195.93. The company has a current ratio of 0.57, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The stock has a market cap of $45.47 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.79 and a beta of 1.41. The company has a 50-day moving average price of $184.20 and a two-hundred day moving average price of $169.57.

State Street (NYSE:STT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 14th. The asset manager reported $3.69 EPS for the quarter, beating the consensus estimate of $3.68 by $0.01. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.03 billion. State Street had a net margin of 15.81% and a return on equity of 16.36%. State Street’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.78 earnings per share. Analysts forecast that State Street will post 13.77 EPS for the current year.

Insider Transactions at State Street

In other State Street news, EVP W. Hu sold 9,758 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $184.52, for a total transaction of $1,800,546.16. Following the sale, the executive vice president directly owned 49,794 shares in the company, valued at approximately $9,187,988.88. The trade was a 16.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ronald O’Hanley sold 14,553 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 240,959 shares of the company’s stock, valued at approximately $44,377,419.03. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On State Street

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STT. Western Wealth Management LLC raised its stake in shares of State Street by 3.1% in the 1st quarter. Western Wealth Management LLC now owns 2,001 shares of the asset manager’s stock worth $253,000 after buying an additional 60 shares in the last quarter. Community Financial Services Group LLC boosted its stake in State Street by 40.7% during the third quarter. Community Financial Services Group LLC now owns 304 shares of the asset manager’s stock valued at $53,000 after buying an additional 88 shares in the last quarter. CX Institutional boosted its stake in State Street by 1.0% during the second quarter. CX Institutional now owns 9,788 shares of the asset manager’s stock valued at $1,660,000 after buying an additional 98 shares in the last quarter. Greenleaf Trust grew its holdings in State Street by 0.6% during the second quarter. Greenleaf Trust now owns 17,295 shares of the asset manager’s stock worth $2,933,000 after acquiring an additional 99 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in State Street by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 32,024 shares of the asset manager’s stock worth $4,053,000 after acquiring an additional 100 shares during the period. Institutional investors own 87.44% of the company’s stock.

Key Stories Impacting State Street

Here are the key news stories impacting State Street this week:

Positive Sentiment: State Street reported third-quarter adjusted earnings of $3.69 per share, slightly above the $3.68 analyst consensus. Revenue increased approximately 12.9% year over year to $4.0 billion, while management highlighted broad-based growth and improving margins. State Street Q3 Earnings Impress But Stock Price Stays Cautious
Positive Sentiment: Analyst support remains significant. Keefe, Bruyette & Woods raised its price target to $230 and maintained an outperform rating, while TD Cowen initiated or reiterated a buy view. Other analysis points to State Street’s 0.72x PEG ratio and margin improvement as evidence of attractive valuation and earnings potential. State Street Gets a Buy from TD Cowen
Neutral Sentiment: Analysts have issued mixed revisions following the results. Citigroup lowered its target from $212 to $190 but retained a buy rating, while Truist cut its target from $190 to $171 and maintained a hold rating. The changes suggest analysts see upside, but with more limited near-term expectations. Analysts Offer Insights on Financial Companies
Negative Sentiment: Revenue fell short of Wall Street’s approximately $4.03 billion forecast, despite the EPS beat. Investors also appear concerned that macroeconomic tailwinds supporting asset servicing, management fees and market activity could weaken. State Street Q3 Another Strong Quarter But Macro Tailwinds May Be Fading
Negative Sentiment: A law firm announced a pending investigation into potential securities-law violations, adding legal and reputational risk to the earnings-related concerns. State Street Investigation Notice

About State Street

(Get Free Report)

State Street Corporation (NYSE: STT) is a financial services company that provides institutional investors, asset managers, asset owners, insurance companies, official institutions and other organizations with investment servicing, investment management and related financial services. Its offerings include custody and fund administration, accounting, transfer agency, collateral management, securities lending, foreign exchange, trading and other capital markets services.

Through State Street Investment Management, the company manages investment strategies and offers products such as exchange-traded funds, index strategies, active strategies and other portfolio solutions.