Ritholtz Wealth Management Raises Holdings in State Street Corporation $STT

Ritholtz Wealth Management boosted its holdings in shares of State Street Corporation (NYSE:STT) by 77.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,757 shares of the asset manager’s stock after acquiring an additional 4,259 shares during the period. Ritholtz Wealth Management’s holdings in State Street were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in State Street in the third quarter valued at about $29,000. Wilkerson Advisory Group LLC acquired a new position in State Street during the 4th quarter valued at approximately $29,000. Phillip James Consulting Co. purchased a new position in State Street in the 4th quarter worth $30,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of State Street during the third quarter worth about $35,000. Finally, Reflection Asset Management acquired a new position in State Street in the 4th quarter worth approximately $35,000. Institutional investors own 87.44% of the company’s stock.

Trending Headlines about State Street

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

• Positive Sentiment: State Street plans to increase its quarterly dividend by 10% after passing the 2026 stress test, reinforcing its capital strength and shareholder-return story. STT Announces Plan for 10% Dividend Hike Post 2026 Stress Test Results
• Positive Sentiment: Truist Financial raised its price target on State Street to $176 from $150, implying continued upside potential even while keeping a hold rating. State Street price target raised by Truist Financial Corporation
• Positive Sentiment: Wall Street expectations for State Street’s upcoming Q2 earnings point to another double-digit EPS increase, which could support sentiment if results confirm the trend. State Street Corporation’s Q2 2026 Earnings: What to Expect
• Neutral Sentiment: Barclays kept a hold rating on State Street, and another analyst update also suggests investors remain constructive but not aggressively bullish at current levels. Barclays Remains a Hold on State Street (STT)
• Neutral Sentiment: Commentary on State Street’s 65% annual stock gain and current valuation suggests investors are debating whether the rally has already priced in a lot of good news. State Street (STT) Stock After 65% Year Gain Are Recent Valuation Signals Justified

Insider Buying and Selling

In other news, EVP Michael L. Richards sold 1,500 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $162.14, for a total transaction of $243,210.00. Following the sale, the executive vice president owned 41,827 shares of the company’s stock, valued at approximately $6,781,829.78. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP W. Bradford Hu sold 9,212 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.35, for a total value of $1,431,084.20. Following the completion of the sale, the executive vice president directly owned 59,552 shares in the company, valued at $9,251,403.20. This represents a 13.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 37,876 shares of company stock worth $5,866,583 over the last ninety days. Insiders own 0.27% of the company’s stock.

State Street Stock Performance

NYSE:STT opened at $168.44 on Monday. The stock has a market capitalization of $46.62 billion, a P/E ratio of 17.08, a PEG ratio of 0.91 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.57 and a current ratio of 0.57. State Street Corporation has a fifty-two week low of $101.98 and a fifty-two week high of $175.46. The company has a 50 day moving average price of $157.67 and a 200 day moving average price of $139.11.

State Street (NYSE:STT) last released its quarterly earnings results on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, topping the consensus estimate of $2.64 by $0.20. State Street had a return on equity of 14.22% and a net margin of 13.47%.The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the business posted $2.04 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Equities research analysts forecast that State Street Corporation will post 12.43 EPS for the current year.

State Street Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be issued a $0.84 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.0%. State Street’s payout ratio is 34.08%.

Wall Street Analysts Forecast Growth

Several analysts have commented on STT shares. Truist Financial lifted their price objective on shares of State Street from $150.00 to $176.00 and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Company raised their target price on State Street from $171.00 to $196.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada boosted their price target on shares of State Street from $135.00 to $155.00 and gave the stock a “sector perform” rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price objective on State Street from $137.50 to $158.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Barclays set a $165.00 target price on shares of State Street in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, State Street currently has a consensus rating of “Moderate Buy” and an average target price of $164.16.

State Street Profile

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.