BTC Capital Management Inc. Raises Holdings in State Street Corporation $STT

BTC Capital Management Inc. lifted its position in shares of State Street Corporation (NYSE:STT) by 14.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 33,069 shares of the asset manager’s stock after acquiring an additional 4,153 shares during the quarter. BTC Capital Management Inc.’s holdings in State Street were worth $4,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in shares of State Street by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 2,829,271 shares of the asset manager’s stock valued at $367,041,000 after acquiring an additional 377,568 shares during the period. Clean Yield Group increased its holdings in State Street by 8,247.4% during the 4th quarter. Clean Yield Group now owns 19,199 shares of the asset manager’s stock worth $2,477,000 after acquiring an additional 18,969 shares during the period. Concurrent Investment Advisors LLC bought a new stake in State Street during the 4th quarter worth approximately $1,959,000. DNB Asset Management AS lifted its stake in State Street by 3.6% in the 3rd quarter. DNB Asset Management AS now owns 395,501 shares of the asset manager’s stock worth $45,882,000 after purchasing an additional 13,847 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in State Street in the 4th quarter worth approximately $1,220,000. 87.44% of the stock is currently owned by institutional investors.

Insider Transactions at State Street

In other news, EVP W. Bradford Hu sold 9,212 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total transaction of $1,431,084.20. Following the transaction, the executive vice president directly owned 59,552 shares in the company, valued at approximately $9,251,403.20. This represents a 13.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, May 26th. The shares were sold at an average price of $155.35, for a total value of $2,260,808.55. Following the transaction, the chief executive officer directly owned 255,512 shares in the company, valued at approximately $39,693,789.20. This represents a 5.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 37,876 shares of company stock worth $5,866,583. 0.27% of the stock is currently owned by company insiders.

State Street Price Performance

Shares of NYSE:STT opened at $168.59 on Thursday. The company’s fifty day moving average price is $156.62 and its 200-day moving average price is $138.48. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $46.66 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 0.95 and a beta of 1.43. State Street Corporation has a one year low of $101.89 and a one year high of $175.46.

State Street (NYSE:STT) last posted its quarterly earnings data on Friday, April 17th. The asset manager reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.20. State Street had a net margin of 13.47% and a return on equity of 14.22%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm posted $2.04 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts anticipate that State Street Corporation will post 12.35 earnings per share for the current fiscal year.

State Street Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.84 per share. The ex-dividend date is Wednesday, July 1st. This represents a $3.36 dividend on an annualized basis and a yield of 2.0%. State Street’s dividend payout ratio (DPR) is presently 34.08%.

Key Stories Impacting State Street

Here are the key news stories impacting State Street this week:

• Positive Sentiment: State Street said it plans to increase its common dividend by 10% to $0.92 per share in the third quarter of 2026, subject to board approval, after completing the Fed’s supervisory stress test. The company also said it remains authorized to repurchase shares, supporting capital return expectations. State Street Corporation Announces Planned 10% Dividend Increase and 2026 Federal Reserve Supervisory Stress Test Results
• Positive Sentiment: Wells Fargo raised its price target on State Street to $196 from $171 and reiterated an overweight rating, signaling improved expectations for the stock’s upside. State Street price target raised by Wells Fargo
• Neutral Sentiment: State Street and peers were mentioned in broader coverage of bank stress-test results and dividend plans, which kept attention on capital returns across large financial firms. BNY, State Street, USBank plan to boost dividends after stress tests; others discuss results
• Negative Sentiment: Zacks Research downgraded State Street from strong-buy to hold, a modest headwind that may temper some of the bullish sentiment. State Street downgraded by Zacks Research

Analysts Set New Price Targets

A number of research firms have recently commented on STT. Bank of America upgraded shares of State Street from an “underperform” rating to a “neutral” rating and set a $143.00 price target for the company in a research report on Monday, April 6th. Weiss Ratings upgraded State Street from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 28th. Citigroup lifted their price objective on State Street from $172.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial boosted their target price on State Street from $136.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Finally, Seaport Research Partners restated a “buy” rating and issued a $170.00 target price on shares of State Street in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, State Street currently has a consensus rating of “Moderate Buy” and an average target price of $161.63.

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.