Keefe, Bruyette & Woods Issues Positive Forecast for State Street (NYSE:STT) Stock Price

State Street (NYSE:STT) had its price objective hoisted by Keefe, Bruyette & Woods from $195.00 to $215.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group boosted their price objective on State Street from $168.00 to $194.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Argus raised their target price on State Street from $140.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Evercore set a $186.00 target price on State Street and gave the company an “outperform” rating in a research report on Monday, July 6th. Truist Financial reiterated a “hold” rating and set a $191.00 price target (up from $176.00) on shares of State Street in a research note on Friday. Finally, Citigroup increased their price target on shares of State Street from $193.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.84.

State Street Trading Down 1.8%

Shares of State Street stock opened at $182.27 on Friday. The firm has a market capitalization of $50.45 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.57 and a current ratio of 0.59. State Street has a fifty-two week low of $104.64 and a fifty-two week high of $192.51. The stock has a 50 day moving average of $165.83 and a 200 day moving average of $144.10.

State Street (NYSE:STT) last issued its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.31. State Street had a return on equity of 15.26% and a net margin of 15.02%.The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period last year, the company earned $2.04 EPS. The company’s quarterly revenue was up 23.3% on a year-over-year basis. As a group, research analysts predict that State Street will post 12.75 earnings per share for the current year.

State Street Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Thursday, October 1st will be issued a $0.92 dividend. The ex-dividend date is Thursday, October 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from State Street’s previous quarterly dividend of $0.84. State Street’s payout ratio is currently 34.08%.

Insider Buying and Selling

In other news, EVP W. Bradford Hu sold 9,212 shares of State Street stock in a transaction on Tuesday, May 26th. The stock was 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 owned 59,552 shares of the company’s stock, valued at $9,251,403.20. The trade was a 13.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mostapha Tahiri sold 9,611 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $152.93, for a total value of $1,469,810.23. Following the transaction, the chief operating officer owned 64,642 shares in the company, valued at $9,885,701.06. This trade represents a 12.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over 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 corporate insiders.

Hedge Funds Weigh In On State Street

Several hedge funds and other institutional investors have recently modified their holdings of the company. Elevation Wealth Partners LLC raised its holdings in shares of State Street by 153.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 175 shares of the asset manager’s stock valued at $30,000 after buying an additional 106 shares during the period. Wilkerson Advisory Group LLC acquired a new stake in shares of State Street during the fourth quarter valued at about $29,000. Phillip James Consulting Co. acquired a new stake in shares of State Street during the fourth quarter valued at about $30,000. JPL Wealth Management LLC purchased a new position in State Street in the third quarter valued at about $29,000. Finally, Whipplewood Advisors LLC acquired a new stake in State Street during the 1st quarter valued at approximately $34,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Key State Street News

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

• Positive Sentiment: State Street delivered a Q2 earnings beat, reporting $3.65 EPS on $4.05 billion in revenue versus expectations of $3.34 EPS and $3.88 billion in sales, supported by higher fee income, stronger net interest income, and no credit-loss provision. State Street Corporation (NYSE: STT) Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Management’s update showed strong operating momentum, with assets under custody and management reaching record levels and revenue growth accelerating sharply year over year, reinforcing confidence in the company’s earnings power. State Street’s quarterly profit jumps 56% on strong fee income
• Positive Sentiment: Several analysts turned more constructive after the results, including KBW and Wells Fargo, both lifting their price targets to $215, while RBC raised its target to $196, signaling expectations for additional upside. These Analysts Raise Their Forecasts On State Street Following Upbeat Q2 Results
• Neutral Sentiment: Truist reaffirmed its hold rating but still increased its target to $191, suggesting the earnings strength improved valuation expectations even without a bullish rating change. Benzinga analyst update on State Street
• Neutral Sentiment: Commentary on digital custody, ETF pricing pressure, and macro-driven operating leverage adds context, but the immediate stock move appears to be driven mainly by the earnings beat and analyst upgrades. State Street Q2: Macro Conditions Continue To Drive Healthy Operating Leverage

State Street Company 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.