Daiichi Life Insurance Co. Ltd. Purchases New Position in State Street Corporation $STT

Posted by Brenda Bartman on Aug 23rd, 2026

Daiichi Life Insurance Co. Ltd. acquired a new position in State Street Corporation (NYSE:STT – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 60,768 shares of the asset manager’s stock, valued at approximately $10,306,000.

Several other institutional investors also recently bought and sold shares of the company. Western Wealth Management LLC raised its position in State Street by 3.1% during the 1st quarter. Western Wealth Management LLC now owns 2,001 shares of the asset manager’s stock valued at $253,000 after purchasing an additional 60 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of State Street by 1.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,351 shares of the asset manager’s stock worth $675,000 after buying an additional 83 shares in the last quarter. Arjuna Capital increased its stake in shares of State Street by 0.4% during the fourth quarter. Arjuna Capital now owns 25,139 shares of the asset manager’s stock valued at $3,243,000 after buying an additional 95 shares during the period. CX Institutional increased its stake in shares of 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 during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of State Street by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 32,024 shares of the asset manager’s stock valued at $4,053,000 after acquiring an additional 100 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on STT shares. UBS Group set a $176.00 price objective on shares of State Street in a research note on Friday, June 26th. Zacks Research upgraded shares of State Street from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Evercore set a $200.00 price target on shares of State Street in a research report on Monday, July 20th. Truist Financial reiterated a “hold” rating and set a $191.00 price objective (up from $176.00) on shares of State Street in a research note on Friday, July 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of State Street from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.38.

Read Our Latest Stock Report on STT

State Street Stock Up 2.3%

NYSE:STT opened at $187.22 on Friday. The company’s 50-day simple moving average is $180.11 and its 200-day simple moving average is $153.79. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.59 and a current ratio of 0.59. State Street Corporation has a fifty-two week low of $104.64 and a fifty-two week high of $195.18. The stock has a market capitalization of $51.43 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.77 and a beta of 1.41.

State Street (NYSE:STT – Get Free Report) last posted its earnings results 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 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 15.02% and a return on equity of 15.26%. State Street’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.04 earnings per share. On average, equities analysts anticipate that State Street Corporation will post 13.75 earnings per share for the current fiscal year.

State Street Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, October 1st. 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 2.0%. State Street’s payout ratio is currently 29.63%.

Insider Activity

In related news, EVP Michael L. Richards sold 1,500 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $162.14, for a total transaction of $243,210.00. Following the transaction, the executive vice president directly owned 41,827 shares of the company’s stock, valued at $6,781,829.78. This represents a 3.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP W. Bradford Hu sold 9,758 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $184.52, for a total value of $1,800,546.16. Following the completion of the sale, the executive vice president owned 49,794 shares of the company’s stock, valued at approximately $9,187,988.88. This trade represents a 16.39% 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 49,576 shares of company stock worth $8,415,875. Insiders own 0.27% of the company’s stock.

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.