State Street (NYSE:STT) Stock Rated Buy in New Coverage at TD Cowen

TD Cowen began coverage on shares of State Street (NYSE:STT) in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $205.00 price objective on the asset manager’s stock.

STT has been the subject of a number of other research reports. Capital One Financial set a $200.00 price target on shares of State Street in a report on Tuesday. Evercore set a $200.00 price objective on shares of State Street in a report on Monday, July 20th. Morgan Stanley upped their target price on shares of State Street from $183.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Barclays increased their target price on shares of State Street from $165.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Finally, UBS Group set a $176.00 price target on shares of State Street in a research report on Friday, June 26th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $193.38.

State Street Trading Down 0.1%

Shares of STT stock opened at $174.95 on Thursday. The business’s fifty day moving average price is $185.75 and its 200 day moving average price is $168.00. The firm has a market capitalization of $48.06 billion, a PE ratio of 15.43, a P/E/G ratio of 0.83 and a beta of 1.41. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.59 and a quick ratio of 0.59. State Street has a 1-year low of $104.64 and a 1-year high of $195.93.

State Street (NYSE:STT) last released its earnings results on Thursday, July 16th. The asset manager reported $3.65 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 the consensus estimate of $3.88 billion. State Street had a return on equity of 15.26% and a net margin of 15.02%. State Street’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 earnings per share. As a group, sell-side analysts forecast that State Street will post 13.80 EPS for the current fiscal year.

State Street Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Thursday, October 1st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, October 1st. This is a positive change from State Street’s previous quarterly dividend of $0.84. State Street’s dividend payout ratio is currently 32.45%.

Insider Activity

In other news, CEO Hanley Ronald P. O sold 14,553 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $184.17, for a total value of $2,680,226.01. Following the sale, the chief executive officer directly owned 240,959 shares in the company, valued at $44,377,419.03. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP W. Hu sold 9,758 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $184.52, for a total transaction of $1,800,546.16. Following the transaction, the executive vice president directly owned 49,794 shares of the company’s stock, valued at approximately $9,187,988.88. This trade represents a 16.39% decrease in their ownership of the stock. 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. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On State Street

Institutional investors and hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. raised its holdings in State Street by 14.5% in the second quarter. QRG Capital Management Inc. now owns 50,753 shares of the asset manager’s stock valued at $8,608,000 after buying an additional 6,420 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in State Street by 106.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,859 shares of the asset manager’s stock worth $1,163,000 after buying an additional 3,529 shares during the period. Envestnet Asset Management Inc. increased its position in shares of State Street by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 426,809 shares of the asset manager’s stock worth $72,387,000 after acquiring an additional 19,035 shares in the last quarter. State Street Corp increased its position in shares of State Street by 1.2% in the second quarter. State Street Corp now owns 13,538,311 shares of the asset manager’s stock worth $2,296,098,000 after acquiring an additional 163,362 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA raised its stake in shares of State Street by 27.0% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 24,958 shares of the asset manager’s stock valued at $4,233,000 after acquiring an additional 5,313 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Key Stories Impacting State Street

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

• Positive Sentiment: Trump Accounts could create a significant long-term asset-gathering opportunity. State Street Global Advisors’ SPYM ETF is reportedly the default investment option for accounts covering nearly 70 million children. The mandate could produce recurring management fees and increase State Street’s assets under management over time, though the near-term financial impact remains uncertain. 70 Million Kids Just Got Trump Accounts. The Bigger Winner Could Be State Street
• Positive Sentiment: TD Cowen initiated coverage with a Buy rating and a $205 price target. The target implies meaningful upside from the stock’s referenced trading level and adds support to the view that State Street remains undervalued relative to its earnings and asset-management potential. State Street Receives TD Cowen Buy Rating
• Positive Sentiment: State Street is being positioned as a relatively high-quality global-bank investment. The positive thesis points to its asset-servicing scale, resilient earnings, and potential benefits from improving market activity and investor demand for quality financial companies. State Street Shines On As A Bet On Quality Among Global Banks
• Neutral Sentiment: Investors are focused on third-quarter metrics. Wall Street estimates cover revenue, earnings, assets under custody and administration, and fee trends for the quarter ended September 2026. The figures could determine whether recent momentum is translating into sustainable operating growth. Ahead of State Street Q3 Earnings
• Neutral Sentiment: State Street research highlights that ETF liquidity, rather than expense ratios alone, affects investor costs. This supports the firm’s ETF expertise but is not a direct earnings catalyst. 3 ETF Liquidity Myths That Can Raise Client Costs
• Neutral Sentiment: State Street Global Advisors’ Singapore unit appointed Tyxeros Trading as a designated market maker for the SPDR Straits Times Index ETF. The announcement reinforces ETF distribution and market-support activity but has limited direct implications for State Street Corporation’s valuation. SPDR Straits Times Index ETF Adds Tyxeros Trading as Designated Market Maker

About State Street

State Street Corporation (NYSE: STT) is a financial services company that provides institutional investors, asset managers, asset owners, insurance companies, official institutions and other organizations with investment servicing, investment management and related financial services. Its offerings include custody and fund administration, accounting, transfer agency, collateral management, securities lending, foreign exchange, trading and other capital markets services.

Through State Street Investment Management, the company manages investment strategies and offers products such as exchange-traded funds, index strategies, active strategies and other portfolio solutions.