State Street (NYSE:STT – Get Free Report) had its price objective boosted by equities research analysts at Wells Fargo & Company from $196.00 to $215.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 16.93% from the stock’s previous close.
Several other research firms also recently commented on STT. Truist Financial restated a “hold” rating and set a $191.00 price objective (up from $176.00) on shares of State Street in a report on Friday. Citigroup upped their target price on State Street from $193.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada increased their price target on State Street from $155.00 to $196.00 and gave the stock a “sector perform” rating in a research report on Friday. UBS Group set a $176.00 target price on shares of State Street in a report on Friday, June 26th. Finally, Evercore set a $186.00 price target on shares of State Street and gave the company an “outperform” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.59.
State Street Trading Down 1.0%
State Street (NYSE:STT – Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.31. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.88 billion. State Street had a net margin of 13.47% and a return on equity of 14.22%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 EPS. As a group, research analysts forecast that State Street will post 12.75 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Michael L. Richards sold 1,500 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $162.14, for a total value of $243,210.00. Following the completion of the sale, the executive vice president owned 41,827 shares of the company’s stock, valued at $6,781,829.78. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP W. Bradford Hu sold 9,212 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 59,552 shares in the company, valued at approximately $9,251,403.20. This trade represents a 13.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 37,876 shares of company stock worth $5,866,583. 0.27% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On State Street
Hedge funds have recently modified their holdings of the stock. Tema ETFs LLC raised its holdings in shares of State Street by 7.5% in the second quarter. Tema ETFs LLC now owns 4,157 shares of the asset manager’s stock worth $705,000 after buying an additional 290 shares during the last quarter. E. Ohman J or Asset Management AB grew its holdings in shares of State Street by 12.9% during the second quarter. E. Ohman J or Asset Management AB now owns 10,079 shares of the asset manager’s stock valued at $1,709,000 after buying an additional 1,150 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of State Street by 24.8% during the second quarter. Handelsbanken Fonder AB now owns 111,637 shares of the asset manager’s stock valued at $18,934,000 after buying an additional 22,156 shares during the last quarter. Harrell Investment Partners LLC acquired a new position in shares of State Street in the 2nd quarter valued at $264,000. Finally, Franklin Street Advisors Inc. NC acquired a new position in shares of State Street in the 2nd quarter valued at $237,000. Institutional investors and hedge funds own 87.44% of the company’s stock.
Key Headlines Impacting State Street
Here are the key news stories impacting State Street this week:
- Positive Sentiment: State Street beat Wall Street estimates with Q2 EPS of $3.65 versus $3.34 expected and revenue of $4.05 billion versus $3.88 billion, reinforcing that earnings momentum remains strong. Business Wire: State Street Corporation (NYSE: STT) Reports Second-Quarter 2026 Financial Results
- Positive Sentiment: Profitability improved sharply, with Reuters reporting a 56% jump in quarterly profit as fee income rose, signaling healthy operating leverage. Reuters: State Street’s quarterly profit jumps 56% on strong fee income
- Positive Sentiment: Assets under management hit a record $6.3 trillion, while assets under custody/administration also reached record levels, showing continued client inflows and scale benefits. Benzinga: State Street Tops Wall Street Views As AUM Hits $6.3 Trillion
- Positive Sentiment: Management appeared confident on the earnings call, with multiple recaps highlighting a “record” quarter and boosted 2026 guidance, which tends to support the stock. Seeking Alpha: State Street posts Q2 beat as fee income jumps, 2026 guidance boosted
- Neutral Sentiment: Commentary around State Street’s digital custody strategy and summit presentation adds long-term interest, but it is unlikely to be the main driver of the stock today. Yahoo Finance: State Street (STT) Puts Digital Custody In Focus At Global Onchain Summit 2026
- Negative Sentiment: One article raised concerns about ETF pricing pressure and competitive fee compression, which could weigh on margins over time even after the strong quarter. 247WallSt: BNY Mellon Vs. State Street
About State Street
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.
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