Illinois Municipal Retirement Fund Has $10.86 Million Position in State Street Corporation $STT

Illinois Municipal Retirement Fund boosted its holdings in shares of State Street Corporation (NYSE:STT) by 18.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 85,775 shares of the asset manager’s stock after purchasing an additional 13,245 shares during the period. Illinois Municipal Retirement Fund’s holdings in State Street were worth $10,856,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in STT. Wilkerson Advisory Group LLC bought a new stake in State Street in the fourth quarter worth approximately $29,000. JPL Wealth Management LLC acquired a new position in shares of State Street during the 3rd quarter worth $29,000. Phillip James Consulting Co. bought a new position in shares of State Street during the 4th quarter valued at $30,000. Whipplewood Advisors LLC bought a new position in shares of State Street during the 1st quarter valued at $34,000. Finally, Reflection Asset Management acquired a new stake in shares of State Street in the 4th quarter valued at $35,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about State Street

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

• Positive Sentiment: State Street delivered Q2 earnings of $3.65 per share, ahead of the $3.30 consensus estimate, on revenue of $4.05 billion versus $3.88 billion expected, signaling better-than-expected profitability and sales. Article title
• Positive Sentiment: Revenue jumped 23.3% from a year ago, supported by stronger fee income, higher net interest income, and no credit-loss provision, which suggests healthy core business trends. Article title
• Positive Sentiment: Assets under custody and administration and assets under management reached record levels, with AUM reported at about $6.3 trillion, reinforcing that client inflows and market values are boosting State Street’s fee base. Article title
• Positive Sentiment: Management also boosted its 2026 outlook after the beat, which investors often read as a sign that the strong quarter may not be a one-off. Article title
• Neutral Sentiment: Commentary around the earnings call highlighted record results and operational strength, but the key market driver remains the earnings beat and improving asset flows rather than any single new strategic announcement. Article title
• Neutral Sentiment: State Street also raised its quarterly dividend to $0.92 per share, a shareholder-friendly move that supports the investment case, though it is less likely to be the main driver of the stock’s move today. Article title

Analyst Ratings Changes

STT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on shares of State Street from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Argus boosted their price target on State Street from $140.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price target on State Street from $158.50 to $176.50 and gave the stock a “neutral” rating in a research note on Monday, July 6th. Morgan Stanley upped their price target on State Street from $166.00 to $183.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, The Goldman Sachs Group increased their price objective on State Street from $168.00 to $194.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $173.91.

State Street Stock Performance

Shares of STT opened at $185.15 on Friday. The company has a market capitalization of $51.24 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. State Street Corporation has a one year low of $104.64 and a one year high of $192.51. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.57 and a quick ratio of 0.57. The company’s fifty day moving average price is $165.17 and its 200 day moving average price is $143.83.

State Street (NYSE:STT) last released its earnings results on Thursday, July 16th. The asset manager reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.31. State Street had a net margin of 13.47% and a return on equity of 14.22%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the previous year, the business earned $2.04 EPS. The business’s revenue was up 23.3% on a year-over-year basis. As a group, analysts expect that State Street Corporation will post 12.75 earnings per share for the current year.

State Street Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Thursday, October 1st will be paid a $0.92 dividend. 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 dividend on an annualized basis and a dividend yield of 2.0%. State Street’s dividend payout ratio is presently 34.08%.

Insiders Place Their Bets

In related news, CEO Hanley Ronald P. O sold 14,553 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total transaction of $2,260,808.55. Following the completion of the transaction, the chief executive officer owned 255,512 shares of the company’s stock, valued at approximately $39,693,789.20. The trade was a 5.39% decrease in their position. The transaction was disclosed in a document filed 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, COO Mostapha Tahiri sold 9,611 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $152.93, for a total value of $1,469,810.23. Following the sale, the chief operating officer owned 64,642 shares of the company’s stock, valued at approximately $9,885,701.06. The trade was a 12.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,876 shares of company stock worth $5,866,583 over the last quarter. 0.27% of the stock is currently owned by company insiders.

State Street Company Profile

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.