Weekly Analysts’ Ratings Changes for State Street (STT)

A number of firms have modified their ratings and price targets on shares of State Street (NYSE: STT) recently:

• 1/8/2025 – State Street was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/7/2025 – State Street is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $106.00 price target on the stock.
• 1/6/2025 – State Street had its price target raised by analysts at Barclays PLC from $108.00 to $127.00. They now have an “overweight” rating on the stock.
• 1/3/2025 – State Street had its price target lowered by analysts at Morgan Stanley from $139.00 to $132.00. They now have an “overweight” rating on the stock.
• 1/2/2025 – State Street had its price target raised by analysts at Wells Fargo & Company from $108.00 to $118.00. They now have an “overweight” rating on the stock.
• 12/27/2024 – State Street was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/20/2024 – State Street was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $95.00 price target on the stock.
• 12/19/2024 – State Street was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/10/2024 – State Street was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/9/2024 – State Street was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $139.00 price target on the stock, up previously from $102.00.
• 12/3/2024 – State Street was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $120.00 price target on the stock, up previously from $105.00.
• 12/2/2024 – State Street was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/20/2024 – State Street was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/15/2024 – State Street had its price target raised by analysts at Wells Fargo & Company from $106.00 to $108.00. They now have an “overweight” rating on the stock.
• 11/11/2024 – State Street had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $95.00. They now have a “hold” rating on the stock.

State Street Stock Down 0.0 %

Shares of State Street stock traded down $0.04 during trading hours on Thursday, hitting $97.68. The company had a trading volume of 1,575,657 shares, compared to its average volume of 1,504,431. The company’s 50-day moving average is $97.29 and its two-hundred day moving average is $88.47. State Street Co. has a twelve month low of $70.20 and a twelve month high of $101.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $28.63 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43.

State Street (NYSE:STT) last posted its earnings results on Tuesday, October 15th. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.14. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.19 billion. State Street had a return on equity of 12.02% and a net margin of 9.87%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 earnings per share. Analysts anticipate that State Street Co. will post 8.42 earnings per share for the current fiscal year.

State Street Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, January 2nd. State Street’s payout ratio is currently 48.03%.

Insider Transactions at State Street

In other State Street news, EVP John Plansky sold 13,859 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $91.32, for a total transaction of $1,265,603.88. Following the completion of the transaction, the executive vice president now owns 55,108 shares in the company, valued at approximately $5,032,462.56. This represents a 20.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn M. Horgan sold 12,500 shares of State Street stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the completion of the sale, the executive vice president now directly owns 111,042 shares in the company, valued at approximately $10,878,784.74. The trade was a 10.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,460 shares of company stock worth $2,499,860. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On State Street

Several institutional investors have recently made changes to their positions in STT. InvesTrust acquired a new stake in shares of State Street in the 4th quarter worth approximately $742,000. Neville Rodie & Shaw Inc. grew its holdings in State Street by 337.3% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 18,150 shares of the asset manager’s stock valued at $1,782,000 after purchasing an additional 14,000 shares during the last quarter. Nordea Investment Management AB increased its position in shares of State Street by 21.2% in the fourth quarter. Nordea Investment Management AB now owns 2,180,504 shares of the asset manager’s stock valued at $214,998,000 after buying an additional 381,260 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of State Street by 28.4% during the 4th quarter. GAMMA Investing LLC now owns 3,202 shares of the asset manager’s stock worth $314,000 after buying an additional 709 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of State Street by 37.0% in the 4th quarter. Versant Capital Management Inc now owns 730 shares of the asset manager’s stock worth $72,000 after buying an additional 197 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.