Fiduciary Alliance LLC Purchases 4,855 Shares of State Street Corporation $STT

Fiduciary Alliance LLC raised its position in State Street Corporation (NYSE:STT) by 81.4% in the first quarter, HoldingsChannel reports. The fund owned 10,817 shares of the asset manager’s stock after purchasing an additional 4,855 shares during the quarter. Fiduciary Alliance LLC’s holdings in State Street were worth $1,369,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of STT. Brighton Jones LLC bought a new position in shares of State Street in the 4th quarter worth $296,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in State Street by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,223 shares of the asset manager’s stock valued at $2,885,000 after purchasing an additional 918 shares in the last quarter. NewEdge Advisors LLC increased its stake in State Street by 105.2% during the 1st quarter. NewEdge Advisors LLC now owns 10,193 shares of the asset manager’s stock valued at $913,000 after purchasing an additional 5,226 shares in the last quarter. Empowered Funds LLC raised its holdings in State Street by 220.1% during the first quarter. Empowered Funds LLC now owns 23,263 shares of the asset manager’s stock worth $2,065,000 after buying an additional 15,996 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in State Street by 38.4% during the first quarter. Woodline Partners LP now owns 24,372 shares of the asset manager’s stock worth $2,182,000 after buying an additional 6,767 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of State Street from $157.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Weiss Ratings upgraded shares of State Street from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of State Street from $137.50 to $158.50 and gave the company a “neutral” rating in a research report on Monday, May 11th. Barclays set a $165.00 price target on State Street in a research note on Monday, April 20th. Finally, Truist Financial boosted their price objective on State Street from $136.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.63.

State Street News Summary

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

• Positive Sentiment: State Street announced plans to increase its quarterly dividend 10% after successfully passing the 2026 Fed stress test, a sign of financial strength and a more shareholder-friendly capital return strategy. State Street Corporation Announces Planned 10% Dividend Increase and 2026 Federal Reserve Supervisory Stress Test Results
• Positive Sentiment: Wells Fargo raised its price target on State Street and kept an overweight rating, suggesting additional upside potential if the bank/asset manager continues to execute.
• Positive Sentiment: Market expectations for State Street’s upcoming Q2 2026 results call for double-digit EPS growth, which could reinforce the recent bullish sentiment if delivered. State Street Corporation’s Q2 2026 Earnings: What to Expect
• Neutral Sentiment: State Street was also mentioned in portfolio-holding updates involving non-U.S. companies; these appear routine and are unlikely to materially affect STT’s stock.
• Neutral Sentiment: Separately, Zacks Research downgraded STT to hold, which may temper some of the bullish reaction but is outweighed by the dividend and stress-test news.

State Street Stock Performance

NYSE STT opened at $169.09 on Friday. State Street Corporation has a 1 year low of $101.98 and a 1 year high of $175.46. 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 firm has a market cap of $46.80 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.92 and a beta of 1.43. The company has a fifty day moving average price of $157.16 and a 200-day moving average price of $138.80.

State Street (NYSE:STT) last released its quarterly earnings results on Friday, April 17th. The asset manager reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.20. State Street had a net margin of 13.47% and a return on equity of 14.22%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the firm earned $2.04 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. As a group, equities research analysts predict that State Street Corporation will post 12.35 EPS for the current fiscal year.

State Street Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.36 annualized dividend and a dividend yield of 2.0%. State Street’s dividend payout ratio (DPR) is currently 34.08%.

Insider Activity

In related news, EVP W. Bradford Hu sold 9,212 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total transaction of $1,431,084.20. Following the completion of the sale, the executive vice president directly owned 59,552 shares of the company’s stock, valued at approximately $9,251,403.20. This trade represents a 13.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hanley Ronald P. O sold 14,553 shares of State Street stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total value of $2,260,808.55. Following the sale, the chief executive officer owned 255,512 shares in the company, valued at $39,693,789.20. This trade represents a 5.39% 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. Insiders sold 37,876 shares of company stock worth $5,866,583 in the last quarter. 0.27% of the stock is owned by corporate 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.