First Horizon Corp Boosts Stock Holdings in State Street Corporation $STT

Posted by ABMN Staff on Jul 11th, 2026

First Horizon Corp increased its stake in State Street Corporation (NYSE:STT – Free Report) by 171,411.1% during the 1st quarter, Holdings Channel reports. The fund owned 30,872 shares of the asset manager’s stock after purchasing an additional 30,854 shares during the quarter. First Horizon Corp’s holdings in State Street were worth $3,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC grew its stake in State Street by 1.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,351 shares of the asset manager’s stock worth $675,000 after purchasing an additional 83 shares in the last quarter. Wedmont Private Capital increased its holdings in State Street by 1.3% during the 4th quarter. Wedmont Private Capital now owns 6,498 shares of the asset manager’s stock worth $861,000 after purchasing an additional 85 shares during the period. Arjuna Capital raised its position in State Street by 0.4% in the 4th quarter. Arjuna Capital now owns 25,139 shares of the asset manager’s stock valued at $3,243,000 after purchasing an additional 95 shares in the last quarter. LVW Advisors LLC raised its position in State Street by 1.7% in the 4th quarter. LVW Advisors LLC now owns 5,605 shares of the asset manager’s stock valued at $723,000 after purchasing an additional 96 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of State Street by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 32,024 shares of the asset manager’s stock valued at $4,053,000 after buying an additional 100 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

State Street Trading Up 0.2%

NYSE:STT opened at $180.47 on Friday. The stock has a 50-day simple moving average of $162.52 and a 200-day simple moving average of $142.28. The stock has a market cap of $49.95 billion, a P/E ratio of 18.30, a P/E/G ratio of 0.93 and a beta of 1.42. State Street Corporation has a 1 year low of $101.98 and a 1 year high of $183.32. 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 (NYSE:STT – Get Free Report) last issued its earnings results on Friday, April 17th. The asset manager reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.20. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.59 billion. State Street had a return on equity of 14.22% and a net margin of 13.47%.The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $2.04 EPS. As a group, analysts anticipate that State Street Corporation will post 12.75 earnings per share for the current fiscal year.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, July 1st. State Street’s dividend payout ratio is currently 34.08%.

Insider Activity at State Street

In other State Street news, EVP Michael L. Richards sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $153.89, for a total transaction of $461,670.00. Following the sale, the executive vice president owned 43,522 shares of the company’s stock, valued at approximately $6,697,600.58. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hanley Ronald P. O sold 14,553 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total transaction of $2,260,808.55. Following the sale, the chief executive officer owned 255,512 shares of the company’s stock, valued at $39,693,789.20. This represents a 5.39% 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. Over the last three months, insiders have sold 37,876 shares of company stock valued at $5,866,583. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on STT. Truist Financial boosted their price objective on State Street from $150.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. UBS Group set a $176.00 target price on shares of State Street in a report on Friday, June 26th. Citigroup lifted their price target on shares of State Street from $172.00 to $193.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley boosted their price target on shares of State Street from $166.00 to $183.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, Wells Fargo & Company increased their price objective on shares of State Street from $171.00 to $196.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, State Street has a consensus rating of “Moderate Buy” and an average price target of $173.91.

Get Our Latest Report on STT

Key Stories Impacting State Street

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

Positive Sentiment: State Street was upgraded to a Zacks Rank #2 (Buy), reflecting stronger earnings outlooks and improving sentiment heading into earnings. All You Need to Know About State Street (STT) Rating Upgrade to Buy
Positive Sentiment: Keefe, Bruyette & Woods raised its price target on State Street to $195 from $175 and maintained an outperform rating, suggesting meaningful upside from recent levels. State Street (NYSE:STT) Given New $195.00 Price Target at Keefe, Bruyette & Woods
Positive Sentiment: Analysts are revising expectations higher ahead of Q2 results, with consensus pointing to earnings growth and the possibility of a beat if State Street delivers on estimates. Top Wall Street Forecasters Revamp State Street Expectations Ahead Of Q2 Earnings
Neutral Sentiment: State Street is expected to report quarterly earnings next week, and investors are focused on whether the company can confirm the improved outlook with actual results. State Street (STT) to Release Earnings on Thursday
Neutral Sentiment: Coverage noting renewed analyst optimism and upgraded estimates may reinforce the bullish setup, but it does not add new company-specific fundamentals by itself. How Investors May Respond To State Street (STT) Renewed Analyst Optimism And Upgraded Earnings Estimates

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.