SG Americas Securities LLC Cuts Position in State Street Corporation $STT

Posted by Stanley Muller on Jun 24th, 2026

SG Americas Securities LLC trimmed its stake in State Street Corporation (NYSE:STT – Free Report) by 2.2% in the 1st quarter, HoldingsChannel reports. The fund owned 259,538 shares of the asset manager’s stock after selling 5,848 shares during the quarter. SG Americas Securities LLC’s holdings in State Street were worth $32,847,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in STT. Brighton Jones LLC purchased a new stake in shares of State Street during the fourth quarter valued at about $296,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of State Street by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,223 shares of the asset manager’s stock worth $2,885,000 after buying an additional 918 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of State Street by 105.2% during the 1st quarter. NewEdge Advisors LLC now owns 10,193 shares of the asset manager’s stock worth $913,000 after acquiring an additional 5,226 shares in the last quarter. Empowered Funds LLC raised its stake in shares of State Street by 220.1% during the 1st quarter. Empowered Funds LLC now owns 23,263 shares of the asset manager’s stock worth $2,065,000 after acquiring an additional 15,996 shares in the last quarter. Finally, Woodline Partners LP lifted its position in State Street by 38.4% during the first quarter. Woodline Partners LP now owns 24,372 shares of the asset manager’s stock valued at $2,182,000 after acquiring an additional 6,767 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at State Street

In other news, COO Mostapha Tahiri sold 9,611 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $152.93, for a total value of $1,469,810.23. Following the transaction, the chief operating officer directly owned 64,642 shares of the company’s stock, valued at approximately $9,885,701.06. This represents a 12.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP W. Bradford Hu sold 9,212 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total value of $1,431,084.20. Following the completion of the transaction, the executive vice president owned 59,552 shares of the company’s stock, valued at approximately $9,251,403.20. The trade was a 13.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 37,876 shares of company stock worth $5,866,583. 0.27% of the stock is owned by insiders.

More State Street News

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

Neutral Sentiment: State Street exited or reduced substantial holdings in several companies, including Smartgroup, Aussie Broadband, Deterra Royalties, Electro Optic Systems, Super Retail Group, Austal, Bapcor, Bega Cheese, and Clarity Pharmaceuticals. These are disclosure items tied to asset management positions, not State Street’s own earnings or guidance. Article: State Street exits substantial holding in Smartgroup
Neutral Sentiment: State Street SPDR Straits Times Index ETF issued an updated prospectus for its Singapore benchmark fund, another routine fund-management update that is unlikely to have a major direct impact on STT’s near-term fundamentals. Article: State Street SPDR STI ETF issues updated prospectus for Singapore benchmark fund

State Street Trading Up 0.2%

Shares of State Street stock opened at $174.13 on Wednesday. The firm’s 50 day simple moving average is $156.07 and its two-hundred day simple moving average is $138.15. The firm has a market capitalization of $48.19 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.95 and a beta of 1.43. State Street Corporation has a 12-month low of $101.84 and a 12-month high of $175.46. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.04.

State Street (NYSE:STT – Get Free Report) last posted its quarterly earnings data on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, topping the consensus estimate 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 net margin of 13.47% and a return on equity of 14.22%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 earnings per share. Analysts predict that State Street Corporation will post 12.35 EPS for the current year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be paid a $0.84 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $3.36 dividend on an annualized basis and a yield of 1.9%. State Street’s dividend payout ratio (DPR) is 34.08%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on STT. Zacks Research upgraded shares of State Street from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Truist Financial upped their price target on State Street from $136.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Barclays set a $165.00 price objective on State Street in a research report on Monday, April 20th. Keefe, Bruyette & Woods boosted their target price on State Street from $157.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $170.00 target price on shares of State Street in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.97.

Get Our Latest Stock Analysis on State Street

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.