State Street’s (STT) Hold Rating Reaffirmed at Truist Financial

Truist Financial reissued their hold rating on shares of State Street (NYSE:STT) in a research note issued to investors on Friday, MarketBeat.com reports. Truist Financial currently has a $191.00 price objective on the asset manager’s stock, up from their prior price objective of $176.00.

STT has been the topic of a number of other research reports. Morgan Stanley raised their target price on State Street from $166.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Royal Bank Of Canada boosted their price target on State Street from $155.00 to $196.00 and gave the company a “sector perform” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of State Street from $158.50 to $176.50 and gave the company a “neutral” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods raised their target price on State Street from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Evercore set a $186.00 price target on State Street and gave the company an “outperform” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, State Street currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.84.

State Street Stock Performance

Shares of STT opened at $182.27 on Friday. The company has a market capitalization of $50.45 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.59 and a quick ratio of 0.57. State Street has a one year low of $104.64 and a one year high of $192.51. The company’s fifty day moving average price is $165.83 and its 200 day moving average price is $144.10.

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

State Street Increases Dividend

The firm 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 dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.68 dividend on an annualized basis and a yield of 2.0%. This is a positive change from State Street’s previous quarterly dividend of $0.84. State Street’s payout ratio is 34.08%.

Insiders Place Their Bets

In other State Street news, EVP W. Bradford Hu sold 9,212 shares of the business’s 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 transaction, the executive vice president owned 59,552 shares of the company’s stock, valued at approximately $9,251,403.20. The trade was a 13.40% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael L. Richards sold 3,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the sale, the executive vice president owned 43,522 shares in the company, valued at $6,697,600.58. The trade was a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 37,876 shares of company stock worth $5,866,583. 0.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On State Street

A number of institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC grew its position in shares of State Street by 3.1% during the 1st quarter. Western Wealth Management LLC now owns 2,001 shares of the asset manager’s stock worth $253,000 after buying an additional 60 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in State Street by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,351 shares of the asset manager’s stock valued at $675,000 after buying an additional 83 shares during the period. Wedmont Private Capital boosted its stake in State Street by 1.3% in the fourth quarter. Wedmont Private Capital now owns 6,498 shares of the asset manager’s stock valued at $861,000 after acquiring an additional 85 shares during the last quarter. Arjuna Capital boosted its stake in State Street by 0.4% in the fourth quarter. Arjuna Capital now owns 25,139 shares of the asset manager’s stock valued at $3,243,000 after acquiring an additional 95 shares during the last quarter. Finally, LVW Advisors LLC grew its holdings in State Street by 1.7% during the 4th quarter. LVW Advisors LLC now owns 5,605 shares of the asset manager’s stock worth $723,000 after acquiring an additional 96 shares during the period. 87.44% of the stock is owned by institutional investors.

Trending Headlines about State Street

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.