Sterling Capital Management LLC Has $3.61 Million Stock Holdings in State Street Corporation $STT

Sterling Capital Management LLC trimmed its position in State Street Corporation (NYSE:STT) by 16.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,546 shares of the asset manager’s stock after selling 5,748 shares during the period. Sterling Capital Management LLC’s holdings in State Street were worth $3,613,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in STT. Nordea Investment Management AB increased its stake in State Street by 15.4% during the 4th quarter. Nordea Investment Management AB now owns 2,829,271 shares of the asset manager’s stock valued at $367,041,000 after purchasing an additional 377,568 shares in the last quarter. Clean Yield Group lifted its stake in shares of State Street by 8,247.4% in the fourth quarter. Clean Yield Group now owns 19,199 shares of the asset manager’s stock valued at $2,477,000 after buying an additional 18,969 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of State Street in the fourth quarter valued at $1,959,000. Heritage Family Offices LLP acquired a new position in shares of State Street during the fourth quarter valued at about $1,220,000. Finally, Intech Investment Management LLC grew its holdings in shares of State Street by 64.7% during the third quarter. Intech Investment Management LLC now owns 32,444 shares of the asset manager’s stock valued at $3,764,000 after buying an additional 12,741 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at State Street

In other State Street news, EVP W. Bradford Hu sold 9,212 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was 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 in the company, valued at $9,251,403.20. The trade was a 13.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael L. Richards sold 3,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $153.89, for a total value of $461,670.00. Following the transaction, the executive vice president directly owned 43,522 shares in the company, valued at $6,697,600.58. This represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,876 shares of company stock valued at $5,866,583 in the last three months. 0.27% of the stock is currently owned by company insiders.

Trending Headlines about State Street

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

• Positive Sentiment: State Street plans to increase its quarterly dividend by 10% after passing the 2026 stress test, reinforcing its capital strength and shareholder-return story. STT Announces Plan for 10% Dividend Hike Post 2026 Stress Test Results
• Positive Sentiment: Truist Financial raised its price target on State Street to $176 from $150, implying continued upside potential even while keeping a hold rating. State Street price target raised by Truist Financial Corporation
• Positive Sentiment: Wall Street expectations for State Street’s upcoming Q2 earnings point to another double-digit EPS increase, which could support sentiment if results confirm the trend. State Street Corporation’s Q2 2026 Earnings: What to Expect
• Neutral Sentiment: Barclays kept a hold rating on State Street, and another analyst update also suggests investors remain constructive but not aggressively bullish at current levels. Barclays Remains a Hold on State Street (STT)
• Neutral Sentiment: Commentary on State Street’s 65% annual stock gain and current valuation suggests investors are debating whether the rally has already priced in a lot of good news. State Street (STT) Stock After 65% Year Gain Are Recent Valuation Signals Justified

State Street Stock Performance

Shares of STT stock opened at $168.44 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $46.62 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 0.92 and a beta of 1.43. State Street Corporation has a 52 week low of $101.98 and a 52 week high of $175.46. The firm’s 50-day simple moving average is $157.67 and its two-hundred day simple moving average is $139.01.

State Street (NYSE:STT) last released its 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 firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm earned $2.04 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts forecast that State Street Corporation will post 12.43 earnings per share for the current year.

State Street Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Argus upped their target price on shares of State Street from $140.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. The Goldman Sachs Group boosted their price objective on State Street from $152.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Bank of America raised State Street from an “underperform” rating to a “neutral” rating and set a $143.00 price objective for the company in a research note on Monday, April 6th. Truist Financial raised their target price on State Street from $150.00 to $176.00 and gave the company a “hold” rating in a report on Friday. Finally, UBS Group set a $176.00 target price on State Street in a research report on Friday. One investment 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 presently has an average rating of “Moderate Buy” and an average price target of $164.16.

State Street 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.