Q1 EPS Estimates for State Street Lifted by Seaport Res Ptn

State Street Co. (NYSE:STT - Free Report) - Investment analysts at Seaport Res Ptn raised their Q1 2025 earnings estimates for State Street in a research report issued to clients and investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will earn $2.02 per share for the quarter, up from their prior estimate of $2.01. The consensus estimate for State Street's current full-year earnings is $9.68 per share. Seaport Res Ptn also issued estimates for State Street's Q1 2025 earnings at $2.02 EPS, Q1 2026 earnings at $2.27 EPS, Q1 2026 earnings at $2.27 EPS, Q2 2026 earnings at $2.86 EPS, Q2 2026 earnings at $2.86 EPS, Q3 2026 earnings at $2.90 EPS and Q3 2026 earnings at $2.90 EPS.

State Street (NYSE:STT - Get Free Report) last issued its earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.31. The firm had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.27 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. State Street's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $2.04 earnings per share.

Other equities research analysts have also recently issued reports about the company. Wolfe Research upgraded State Street from an "underperform" rating to a "peer perform" rating in a research note on Monday, January 27th. Truist Financial dropped their price target on shares of State Street from $104.00 to $89.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. StockNews.com downgraded State Street from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $103.00 target price (down from $104.00) on shares of State Street in a research report on Wednesday, January 22nd. Finally, Barclays boosted their price target on State Street from $108.00 to $127.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $101.07.

Remove Ads

State Street Stock Performance

Shares of NYSE STT traded up $3.94 during mid-day trading on Friday, hitting $79.27. The company had a trading volume of 896,842 shares, compared to its average volume of 2,185,991. State Street has a 12 month low of $70.20 and a 12 month high of $103.00. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 1.11 and a beta of 1.42. 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 simple moving average is $92.58 and its two-hundred day simple moving average is $94.25.

Institutional Trading of State Street

Hedge funds have recently modified their holdings of the business. Czech National Bank raised its position in State Street by 4.2% during the first quarter. Czech National Bank now owns 66,256 shares of the asset manager's stock valued at $5,932,000 after buying an additional 2,695 shares during the period. Rhumbline Advisers lifted its position in shares of State Street by 3.7% in the first quarter. Rhumbline Advisers now owns 563,846 shares of the asset manager's stock worth $50,481,000 after purchasing an additional 20,212 shares in the last quarter. Allied Investment Advisors LLC boosted its holdings in shares of State Street by 3.3% during the first quarter. Allied Investment Advisors LLC now owns 121,128 shares of the asset manager's stock worth $10,845,000 after purchasing an additional 3,911 shares during the period. GAMMA Investing LLC grew its position in State Street by 10,172.7% during the first quarter. GAMMA Investing LLC now owns 328,933 shares of the asset manager's stock valued at $29,449,000 after purchasing an additional 325,731 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in State Street by 297.7% in the 1st quarter. Versant Capital Management Inc now owns 2,903 shares of the asset manager's stock valued at $260,000 after buying an additional 2,173 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Buying and Selling at State Street

In related news, Director Gregory L. Summe sold 10,815 shares of State Street stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $100.00, for a total value of $1,081,500.00. Following the transaction, the director now directly owns 100,023 shares in the company, valued at $10,002,300. The trade was a 9.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ann Fogarty sold 3,705 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total value of $368,536.35. Following the sale, the executive vice president now directly owns 50,816 shares of the company's stock, valued at approximately $5,054,667.52. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a $0.76 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.04 annualized dividend and a yield of 3.84%. State Street's dividend payout ratio (DPR) is 36.89%.

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.