State Street Q1 EPS Forecast Boosted by Seaport Res Ptn

State Street Co. (NYSE:STT - Free Report) - Stock analysts at Seaport Res Ptn increased their Q1 2025 earnings estimates for State Street in a research note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will post earnings of $2.01 per share for the quarter, up from their prior estimate of $1.87. The consensus estimate for State Street's current full-year earnings is $9.43 per share. Seaport Res Ptn also issued estimates for State Street's Q2 2025 earnings at $2.55 EPS, Q3 2025 earnings at $2.54 EPS, Q4 2025 earnings at $2.75 EPS, FY2025 earnings at $9.85 EPS, Q1 2026 earnings at $2.25 EPS, Q3 2026 earnings at $2.91 EPS, Q4 2026 earnings at $3.17 EPS and FY2026 earnings at $11.20 EPS.

State Street (NYSE:STT - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.31. State Street had a net margin of 12.14% and a return on equity of 12.60%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3,267,560 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year.

A number of other research firms have also commented on STT. The Goldman Sachs Group increased their price objective on State Street from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. upgraded shares of State Street from an "underweight" rating to a "neutral" rating and set a $95.00 price target for the company in a report on Friday, December 20th. Morgan Stanley reduced their price objective on shares of State Street from $139.00 to $132.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. StockNews.com cut shares of State Street from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Finally, Keefe, Bruyette & Woods raised State Street from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $105.00 to $120.00 in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $100.73.

State Street Price Performance

NYSE:STT traded up $1.55 during trading hours on Friday, reaching $99.09. 1,670,390 shares of the company traded hands, compared to its average volume of 2,275,039. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56. The firm's 50-day moving average is $97.93 and its 200-day moving average is $90.18. The stock has a market cap of $29.05 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.11 and a beta of 1.43. State Street has a 1-year low of $70.20 and a 1-year high of $101.91.

State Street Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.76 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.07%. State Street's payout ratio is currently 36.89%.

Insider Activity

In related news, EVP Kathryn M. Horgan sold 12,500 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $97.97, for a total value of $1,224,625.00. Following the transaction, the executive vice president now owns 111,042 shares in the company, valued at approximately $10,878,784.74. The trade was a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company's stock.

Institutional Investors Weigh In On State Street

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Albion Financial Group UT acquired a new position in State Street in the fourth quarter worth about $25,000. Coastline Trust Co bought a new stake in shares of State Street in the 3rd quarter valued at approximately $44,000. Friedenthal Financial acquired a new stake in shares of State Street during the 4th quarter valued at approximately $49,000. Capital Performance Advisors LLP bought a new position in State Street during the third quarter worth $54,000. Finally, R Squared Ltd acquired a new position in State Street in the fourth quarter worth $58,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

State Street Company Profile

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.