Calydon Capital Sells 13,944 Shares of State Street Corporation $STT

Calydon Capital decreased its position in shares of State Street Corporation (NYSE:STT) by 17.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,964 shares of the asset manager’s stock after selling 13,944 shares during the quarter. State Street accounts for 1.2% of Calydon Capital’s portfolio, making the stock its 16th largest position. Calydon Capital’s holdings in State Street were worth $7,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Regents of The University of California purchased a new position in State Street in the 3rd quarter worth approximately $324,576,000. Norges Bank bought a new position in State Street in the 2nd quarter valued at approximately $256,367,000. Two Sigma Investments LP boosted its stake in State Street by 261.0% during the 3rd quarter. Two Sigma Investments LP now owns 1,217,802 shares of the asset manager’s stock valued at $141,277,000 after purchasing an additional 880,507 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of State Street by 36.8% in the 3rd quarter. First Trust Advisors LP now owns 2,747,646 shares of the asset manager’s stock worth $318,754,000 after purchasing an additional 738,456 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of State Street in the 3rd quarter worth $62,092,000. Institutional investors own 87.44% of the company’s stock.

State Street News Roundup

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.

State Street Price Performance

NYSE STT opened at $121.27 on Friday. The stock has a market capitalization of $33.80 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.06 and a beta of 1.43. State Street Corporation has a 1-year low of $72.81 and a 1-year high of $137.05. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.61. The business’s fifty day moving average price is $128.92 and its 200-day moving average price is $122.05.

State Street (NYSE:STT) last issued its quarterly earnings data on Friday, January 16th. The asset manager reported $2.97 EPS for the quarter, topping the consensus estimate of $2.82 by $0.15. The company had revenue of $3.67 billion during 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%.State Street’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 earnings per share. On average, equities analysts predict that State Street Corporation will post 9.68 earnings per share for the current year.

State Street Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on STT shares. Zacks Research downgraded State Street from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Citigroup initiated coverage on State Street in a report on Monday, February 23rd. They issued a “buy” rating and a $150.00 price objective for the company. Truist Financial set a $136.00 target price on State Street in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of State Street in a research note on Wednesday, January 21st. Finally, Morgan Stanley dropped their price target on shares of State Street from $168.00 to $164.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, State Street has an average rating of “Moderate Buy” and a consensus target price of $135.83.

Insider Activity

In other news, EVP John Plansky sold 16,100 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 56,162 shares of the company’s stock, valued at $6,982,059.84. This represents a 22.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

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.