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

Truist Financial reiterated their hold rating on shares of State Street (NYSE:STT) in a report issued on Friday, MarketBeat.com reports. They currently have a $191.00 price target on the asset manager’s stock, up from their previous price target of $176.00.

STT has been the subject of several other reports. The Goldman Sachs Group increased their price target on State Street from $168.00 to $194.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Bank of America boosted their price objective on State Street from $160.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Citigroup increased their target price on State Street from $193.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Research downgraded shares of State Street from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of State Street from $175.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, State Street has a consensus rating of “Moderate Buy” and a consensus target price of $183.84.

State Street Price Performance

STT opened at $182.27 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.04. State Street has a 12 month low of $104.64 and a 12 month high of $192.51. The company has a fifty day simple moving average of $165.83 and a 200 day simple moving average of $144.18. The stock has a market cap of $50.45 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.90 and a beta of 1.42.

State Street (NYSE:STT) last issued its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 EPS for the quarter, topping the consensus estimate of $3.34 by $0.31. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.88 billion. State Street had a return on equity of 15.26% and a net margin of 15.02%.The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.04 EPS. On average, research analysts expect that State Street will post 13.35 EPS for the current year.

State Street Increases Dividend

The business also recently announced 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 is Thursday, October 1st. This is a boost from State Street’s previous quarterly dividend of $0.84. This represents a $3.68 annualized dividend and a yield of 2.0%. State Street’s dividend payout ratio is currently 29.63%.

Insider Buying and Selling

In related news, CEO Hanley Ronald P. O sold 14,553 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.35, for a total transaction of $2,260,808.55. Following the transaction, the chief executive officer directly owned 255,512 shares in the company, valued at approximately $39,693,789.20. The trade was a 5.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 directly owned 41,827 shares in the company, valued at $6,781,829.78. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,876 shares of company stock worth $5,866,583. 0.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On State Street

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

State Street News Summary

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

About State Street

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.