State Street (NYSE:STT) Hits New 12-Month High – Still a Buy?

Shares of State Street Corporation (NYSE:STT) reached a new 52-week high on Tuesday . The company traded as high as $174.86 and last traded at $174.7780, with a volume of 146868 shares. The stock had previously closed at $173.71.

State Street News Roundup

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

• Positive Sentiment: State Street announced a planned 10% dividend increase and said it completed the Fed’s 2026 stress test, reinforcing capital strength and supporting a more shareholder-friendly outlook. State Street Corporation Announces Planned 10% Dividend Increase and 2026 Federal Reserve Supervisory Stress Test Results
• Positive Sentiment: Analysts are looking for double-digit EPS growth in State Street’s upcoming Q2 2026 earnings report, suggesting expectations are building ahead of next month’s results. State Street Corporation’s Q2 2026 Earnings: What to Expect
• Positive Sentiment: Wells Fargo raised its price target on State Street to $196 and maintained an overweight rating, indicating additional upside potential from current levels.
• Neutral Sentiment: State Street units exited substantial holdings in several Australian names, including Guzman y Gomez, Digico Infrastructure REIT, Nick Scali, and Austal; these look like portfolio adjustments rather than a direct catalyst for STT’s own earnings outlook.
• Negative Sentiment: Zacks Research downgraded State Street from strong-buy to hold, which may temper some enthusiasm around the stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on STT shares. Keefe, Bruyette & Woods boosted their price objective on State Street from $157.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Truist Financial increased their target price on State Street from $136.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, April 20th. JPMorgan Chase & Co. upped their price objective on shares of State Street from $137.50 to $158.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Citigroup raised their price objective on shares of State Street from $172.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings raised shares of State Street from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 28th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.63.

State Street Stock Down 3.0%

The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $46.66 billion, a PE ratio of 17.10, a P/E/G ratio of 0.95 and a beta of 1.43. The stock’s fifty day simple moving average is $156.62 and its 200-day simple moving average is $138.48.

State Street (NYSE:STT) last announced its earnings results on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company posted $2.04 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, sell-side analysts forecast that State Street Corporation will post 12.35 EPS for the current fiscal year.

State Street Dividend Announcement

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%.

Insiders Place Their Bets

In other news, CEO Hanley Ronald P. O sold 14,553 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 255,512 shares of the company’s stock, valued at $39,693,789.20. This represents a 5.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP W. Bradford Hu sold 9,212 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.35, for a total value of $1,431,084.20. Following the sale, the executive vice president directly owned 59,552 shares of the company’s stock, valued at $9,251,403.20. The trade was a 13.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,876 shares of company stock worth $5,866,583 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On State Street

A number of hedge funds have recently made changes to their positions in the business. Wilkerson Advisory Group LLC purchased a new stake in State Street during the fourth quarter worth about $29,000. JPL Wealth Management LLC purchased a new stake in shares of State Street during the 3rd quarter worth approximately $29,000. Phillip James Consulting Co. purchased a new stake in shares of State Street during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new stake in shares of State Street in the 1st quarter worth approximately $34,000. Finally, Reflection Asset Management bought a new stake in shares of State Street in the 4th quarter worth approximately $35,000. 87.44% of the stock is currently owned by institutional investors.

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.