Zacks Research Expects Higher Earnings for State Street

State Street Co. (NYSE:STT - Free Report) - Analysts at Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for State Street in a research report issued to clients and investors on Tuesday, April 15th. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings per share of $1.93 for the quarter, up from their previous forecast of $1.92. The consensus estimate for State Street's current full-year earnings is $9.68 per share. Zacks Research also issued estimates for State Street's Q2 2025 earnings at $2.39 EPS, Q4 2025 earnings at $2.55 EPS, FY2025 earnings at $9.22 EPS, Q1 2026 earnings at $2.11 EPS, Q2 2026 earnings at $2.59 EPS, Q3 2026 earnings at $2.53 EPS, Q1 2027 earnings at $2.33 EPS and FY2027 earnings at $10.89 EPS.

Several other analysts have also weighed in on the company. Truist Financial lowered their price objective on State Street from $104.00 to $89.00 and set a "hold" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. raised shares of State Street from an "underweight" rating to a "neutral" rating and set a $95.00 price objective for the company in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $103.00 target price (down from $104.00) on shares of State Street in a report on Wednesday, January 22nd. The Goldman Sachs Group set a $98.00 price target on shares of State Street and gave the company a "buy" rating in a report on Thursday. Finally, Citigroup dropped their price objective on shares of State Street from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, State Street presently has an average rating of "Hold" and a consensus price target of $103.54.

State Street Stock Up 2.2 %

STT traded up $1.76 during trading on Wednesday, hitting $81.39. The company had a trading volume of 5,521,939 shares, compared to its average volume of 2,185,439. The company has a market cap of $23.49 billion, a PE ratio of 9.88, a P/E/G ratio of 1.11 and a beta of 1.42. The business has a 50-day moving average of $89.24 and a 200-day moving average of $93.71. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56. State Street has a 1-year low of $70.20 and a 1-year high of $103.00.

State Street (NYSE:STT - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The asset manager reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.06. State Street had a net margin of 12.14% and a return on equity of 12.60%. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.30 billion. During the same period in the prior year, the company posted $1.69 EPS.

State Street Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, April 1st. State Street's dividend payout ratio (DPR) is presently 34.12%.

Insider Activity at State Street

In other news, EVP Ann Fogarty sold 3,705 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.47, for a total transaction of $368,536.35. Following the completion of the sale, the executive vice president now directly owns 50,816 shares of the company's stock, valued at $5,054,667.52. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory L. Summe sold 10,815 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the sale, the director now directly owns 100,023 shares in the company, valued at approximately $10,002,300. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Albion Financial Group UT acquired a new stake in shares of State Street in the fourth quarter worth about $25,000. Y.D. More Investments Ltd increased its position in shares of State Street by 116.6% during the fourth quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager's stock valued at $36,000 after purchasing an additional 197 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of State Street in the fourth quarter valued at $42,000. Coppell Advisory Solutions LLC lifted its position in State Street by 2,942.9% in the fourth quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager's stock worth $42,000 after purchasing an additional 412 shares during the period. Finally, MV Capital Management Inc. boosted its stake in State Street by 98.4% during the first quarter. MV Capital Management Inc. now owns 506 shares of the asset manager's stock worth $45,000 after buying an additional 251 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

About State Street

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.