Seaport Res Ptn Expects Stronger Earnings for State Street

State Street Co. (NYSE:STT) – Seaport Res Ptn boosted their Q1 2025 earnings estimates for shares of State Street in a report released on Wednesday, January 22nd. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will post earnings per share of $2.01 for the quarter, up from their prior estimate of $1.87. The consensus estimate for State Street’s current full-year earnings is $9.43 per share. Seaport Res Ptn also issued estimates for State Street’s Q2 2025 earnings at $2.55 EPS, Q3 2025 earnings at $2.54 EPS, Q4 2025 earnings at $2.75 EPS, FY2025 earnings at $9.85 EPS, Q1 2026 earnings at $2.25 EPS, Q3 2026 earnings at $2.91 EPS, Q4 2026 earnings at $3.17 EPS and FY2026 earnings at $11.20 EPS.

Several other research firms have also recently commented on STT. Evercore ISI raised their price target on shares of State Street from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays boosted their price target on shares of State Street from $108.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods upgraded State Street from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $105.00 to $120.00 in a report on Tuesday, December 3rd. Truist Financial lowered their target price on State Street from $106.00 to $104.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Finally, Morgan Stanley dropped their target price on State Street from $139.00 to $132.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.73.

State Street Trading Up 1.6 %

Shares of NYSE STT opened at $99.09 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03. State Street has a one year low of $70.20 and a one year high of $101.91. The business has a 50-day moving average price of $98.00 and a two-hundred day moving average price of $90.36. The firm has a market capitalization of $29.05 billion, a PE ratio of 12.03, a PEG ratio of 1.11 and a beta of 1.43.

State Street (NYSE:STT) last issued its earnings results on Friday, January 17th. The asset manager reported $2.60 EPS for the quarter, topping the consensus estimate of $2.29 by $0.31. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3,267,560 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. State Street’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.04 earnings per share.

Hedge Funds Weigh In On State Street

Several hedge funds have recently modified their holdings of STT. Peapack Gladstone Financial Corp raised its stake in shares of State Street by 2.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 5,283 shares of the asset manager’s stock worth $467,000 after purchasing an additional 103 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in State Street by 5.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,514 shares of the asset manager’s stock worth $186,000 after acquiring an additional 129 shares in the last quarter. Rockland Trust Co. lifted its stake in State Street by 1.8% in the third quarter. Rockland Trust Co. now owns 8,332 shares of the asset manager’s stock valued at $737,000 after acquiring an additional 150 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of State Street by 1.4% during the 3rd quarter. Empirical Finance LLC now owns 11,268 shares of the asset manager’s stock worth $997,000 after acquiring an additional 158 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of State Street by 6.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 2,869 shares of the asset manager’s stock worth $282,000 after acquiring an additional 180 shares during the period. Institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling at State Street

In related news, EVP Kathryn M. Horgan sold 12,500 shares of State Street stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $97.97, for a total value of $1,224,625.00. Following the sale, the executive vice president now owns 111,042 shares of the company’s stock, valued at approximately $10,878,784.74. This trade represents a 10.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

State Street Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a $0.76 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.04 dividend on an annualized basis and a yield of 3.07%. State Street’s payout ratio is presently 36.89%.

About State Street

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.