Cinctive Capital Management LP Purchases 41,010 Shares of State Street Corporation $STT

Cinctive Capital Management LP boosted its position in State Street Corporation (NYSE:STT) by 60.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,866 shares of the asset manager’s stock after purchasing an additional 41,010 shares during the quarter. Cinctive Capital Management LP’s holdings in State Street were worth $12,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its holdings in shares of State Street by 166.3% in the third quarter. True Wealth Design LLC now owns 253 shares of the asset manager’s stock worth $29,000 after purchasing an additional 158 shares during the period. Flagship Wealth Advisors LLC bought a new stake in State Street during the third quarter valued at $35,000. SJS Investment Consulting Inc. boosted its stake in State Street by 2,142.9% during the third quarter. SJS Investment Consulting Inc. now owns 314 shares of the asset manager’s stock valued at $36,000 after buying an additional 300 shares during the period. Ameriflex Group Inc. grew its position in State Street by 102.5% during the third quarter. Ameriflex Group Inc. now owns 318 shares of the asset manager’s stock worth $37,000 after buying an additional 161 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in State Street by 38.2% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 340 shares of the asset manager’s stock worth $39,000 after buying an additional 94 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

STT has been the topic of several recent analyst reports. Morgan Stanley lowered their price target on State Street from $168.00 to $164.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Wall Street Zen raised State Street from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. TD Cowen restated a “buy” rating on shares of State Street in a research report on Wednesday, January 7th. Truist Financial set a $136.00 target price on shares of State Street in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of State Street in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, State Street presently has an average rating of “Moderate Buy” and a consensus price target of $135.83.

More State Street News

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

• Positive Sentiment: State Street launched the State Street IG Public & Private ABS ETF (PRAB), targeting a large public/private credit opportunity (CLOs, MBS). This product can help SSGA gather fee‑bearing AUM in higher‑yield credit niches if it attracts flows. Read More.
• Positive Sentiment: A senior executive indicated Q1 revenue is likely to exceed earlier expectations—if realized, better revenue trajectory would support earnings and fee income visibility. Read More.
• Neutral Sentiment: State Street-affiliated ETFs (SSGA) in sectors like energy are performing well, reflecting broader market moves; positive fund performance can help asset-gathering but is only indirectly supportive of STT’s stock. Read More.
• Neutral Sentiment: State Street entities reduced or exited substantial holdings in several Australian-listed companies (Liontown, Nick Scali, PWR). These are portfolio/ fund-level adjustments by State Street’s passive/active platforms and don’t directly imply a change to STT’s corporate fundamentals. Read More.
• Negative Sentiment: EVP John Plansky sold 16,100 shares (~$2.0M) and reduced his holdings ~22%. Insider selling can weigh on sentiment, especially when it’s a material reduction by a senior executive. Read More.

Insider Activity at State Street

In other State Street news, EVP John Plansky sold 16,100 shares of State Street stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $124.32, for a total transaction of $2,001,552.00. Following the transaction, the executive vice president directly owned 56,162 shares of the company’s stock, valued at approximately $6,982,059.84. This trade represents a 22.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

State Street Trading Down 1.6%

Shares of STT stock opened at $121.27 on Friday. The business has a 50-day moving average price of $128.92 and a two-hundred day moving average price of $122.05. State Street Corporation has a 12-month low of $72.81 and a 12-month high of $137.05. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The firm has a market cap of $33.80 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

State Street (NYSE:STT) last announced its quarterly earnings data on Friday, January 16th. The asset manager reported $2.97 EPS for the quarter, beating the consensus estimate of $2.82 by $0.15. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.57 billion. State Street had a return on equity of 13.46% and a net margin of 13.02%.The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.60 EPS. Equities analysts anticipate that State Street Corporation will post 9.68 EPS for the current fiscal year.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, April 1st. State Street’s dividend payout ratio (DPR) is presently 35.71%.

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.