State Street Corporation (NYSE:STT – Get Free Report) was the recipient of unusually large options trading on Wednesday. Investors acquired 1,835 put options on the stock. This represents an increase of 47% compared to the average volume of 1,251 put options.
Insider Buying and Selling at State Street
In other State Street news, EVP W. Hu sold 9,758 shares of the stock in a transaction dated Friday, July 24th. The stock was 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 directly owned 49,794 shares in the company, valued at approximately $9,187,988.88. This trade represents a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hanley Ronald P. O sold 14,553 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $184.17, for a total value 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 position. 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. 0.27% of the stock is owned by insiders.
Hedge Funds Weigh In On State Street
A number of institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its stake in State Street by 14.5% during the 2nd quarter. QRG Capital Management Inc. now owns 50,753 shares of the asset manager’s stock valued at $8,608,000 after acquiring an additional 6,420 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of State Street by 106.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,859 shares of the asset manager’s stock valued at $1,163,000 after acquiring an additional 3,529 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of State Street by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 426,809 shares of the asset manager’s stock worth $72,387,000 after acquiring an additional 19,035 shares during the period. State Street Corp increased its stake in shares of State Street by 1.2% in the second quarter. State Street Corp now owns 13,538,311 shares of the asset manager’s stock worth $2,296,098,000 after acquiring an additional 163,362 shares during the period. Finally, Security National Bank of Sioux City Iowa IA increased its stake in shares of State Street by 27.0% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 24,958 shares of the asset manager’s stock worth $4,233,000 after acquiring an additional 5,313 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on STT
Key Stories Impacting State Street
Here are the key news stories impacting State Street this week:
- Positive Sentiment: Third-quarter diluted EPS was $3.69, exceeding the $3.65–$3.68 consensus range and rising sharply from $2.78 a year earlier. Revenue increased 12.9% year over year to approximately $4.0 billion. State Street Corporation Tops Q3 Earnings Estimates
- Positive Sentiment: Operating trends remained favorable: fee revenue rose 11%, net interest income increased 21% to $864 million, assets under custody or administration grew 15% to $59.2 trillion, and assets under management climbed 16% to $6.3 trillion. State Street also returned $651 million to shareholders through buybacks and dividends. State Street Posts Third-Quarter Results
- Neutral Sentiment: The board elected Alexander Vollert, a former AXA operations chief with technology and transformation experience, as an independent director. The appointment could support State Street’s operational and digital initiatives but is unlikely to materially affect near-term earnings. State Street Elects Alexander Vollert
- Negative Sentiment: Revenue of $4.004 billion fell short of the roughly $4.03 billion analyst estimate and declined 1% sequentially. Expenses increased 8% to $2.62 billion, while reports characterized the quarter and updated FY26 outlook as mixed, limiting the benefit of the earnings beat. State Street Reports Mixed Third-Quarter Results
State Street Stock Performance
Shares of STT stock traded down $14.94 during mid-day trading on Wednesday, reaching $159.16. The stock had a trading volume of 1,105,393 shares, compared to its average volume of 2,096,949. The business’s fifty day moving average is $185.34 and its 200-day moving average is $168.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.04. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.83 and a beta of 1.41. State Street has a 1-year low of $104.64 and a 1-year high of $195.93.
State Street (NYSE:STT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 14th. The asset manager reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.01. State Street had a return on equity of 15.26% and a net margin of 15.02%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same period last year, the business posted $2.78 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, research analysts forecast that State Street will post 13.80 earnings per share for the current year.
About State Street
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.
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