7,160 Shares in State Street Corporation $STT Acquired by Stonebridge Capital Management Inc.

Posted by Stanley Muller on Aug 27th, 2026

Stonebridge Capital Management Inc. acquired a new stake in State Street Corporation (NYSE:STT – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 7,160 shares of the asset manager’s stock, valued at approximately $1,214,000.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC bought a new stake in shares of State Street during the 4th quarter valued at $296,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 918 shares during the period. NewEdge Advisors LLC grew its holdings in State Street by 105.2% during the 1st quarter. NewEdge Advisors LLC now owns 10,193 shares of the asset manager’s stock valued at $913,000 after buying an additional 5,226 shares in the last quarter. Empowered Funds LLC increased its position in shares of State Street by 220.1% during the first quarter. Empowered Funds LLC now owns 23,263 shares of the asset manager’s stock valued at $2,065,000 after buying an additional 15,996 shares during the period. Finally, Woodline Partners LP lifted its holdings in shares of State Street by 38.4% in the first quarter. Woodline Partners LP now owns 24,372 shares of the asset manager’s stock worth $2,182,000 after buying an additional 6,767 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup raised their price target on shares of State Street from $193.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 17th. The Goldman Sachs Group increased their price objective on State Street from $168.00 to $194.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods lifted their price objective on State Street from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Zacks Research upgraded State Street from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company raised their price target on State Street from $196.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, State Street presently has an average rating of “Moderate Buy” and an average target price of $185.38.

Read Our Latest Research Report on State Street

Insider Buying and Selling at State Street

In related news, CEO Hanley Ronald P. O sold 14,553 shares of the firm’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 transaction, the chief executive officer directly owned 240,959 shares in the company, valued at $44,377,419.03. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael L. Richards sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were 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. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 25,811 shares of company stock worth $4,723,982 over the last three months. Company insiders own 0.27% of the company’s stock.

State Street Stock Up 0.3%

Shares of STT opened at $193.61 on Thursday. State Street Corporation has a 1 year low of $104.64 and a 1 year high of $195.18. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a 50 day simple moving average of $181.47 and a two-hundred day simple moving average of $155.25. The firm has a market cap of $53.18 billion, a P/E ratio of 17.07, a P/E/G ratio of 0.79 and a beta of 1.41.

State Street (NYSE:STT – Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.31. State Street had a net margin of 15.02% and a return on equity of 15.26%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the business posted $2.04 EPS. The business’s quarterly revenue was up 23.3% on a year-over-year basis. On average, analysts forecast 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. Shareholders of record on Thursday, October 1st will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, October 1st. This is a positive change from State Street’s previous quarterly dividend of $0.84. This represents a $3.68 annualized dividend and a yield of 1.9%. State Street’s dividend payout ratio (DPR) is currently 29.63%.

State Street Company 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.