State Street (NYSE:STT) Stock Gets Price Target Boost from Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised State Street’s price target from $220 to $230 and maintained an “outperform” rating, implying nearly 38% upside from the prior close.
• State Street reported quarterly EPS of $3.69, narrowly beating estimates, while revenue rose 12.9% year over year to $4.0 billion. Assets under custody and administration reached a record $59.2 trillion, although revenue slightly missed forecasts and the stock traded down 4.3%.
• Analyst sentiment remains positive, with 10 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $194.26; however, insider selling and a securities-law investigation add near-term risks.

State Street (NYSE:STT - Get Free Report) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $220.00 to $230.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the asset manager's stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 37.98% from the stock's previous close.

STT has been the subject of several other research reports. The Goldman Sachs Group raised their price objective on shares of State Street from $168.00 to $194.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Truist Financial cut their target price on State Street from $191.00 to $190.00 and set a "hold" rating on the stock in a research note on Tuesday, October 6th. Citigroup increased their price target on State Street from $210.00 to $212.00 and gave the stock a "buy" rating in a report on Monday, October 5th. Wells Fargo & Company increased their price target on State Street from $196.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, July 17th. Finally, Bank of America raised their price target on State Street from $160.00 to $190.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $194.26.

State Street Trading Down 4.3%

STT stock opened at $166.69 on Thursday. State Street has a twelve month low of $104.64 and a twelve month high of $195.93. The stock has a market capitalization of $45.79 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.83 and a beta of 1.41. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.04. The firm's fifty day simple moving average is $184.93 and its two-hundred day simple moving average is $169.28.

State Street (NYSE:STT - Get Free Report) last released its earnings results on Wednesday, October 14th. The asset manager reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.01. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.03 billion. State Street had a net margin of 15.02% and a return on equity of 15.26%. The business's revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business earned $2.78 EPS. As a group, analysts anticipate that State Street will post 13.80 earnings per share for the current year.

Insider Activity

In related news, CEO Ronald O’Hanley sold 14,553 shares of State Street stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $184.17, for a total transaction of $2,680,226.01. Following the completion of the sale, the chief executive officer owned 240,959 shares in the company, valued at $44,377,419.03. This trade represents a 5.70% decrease in their position. 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 W. Hu sold 9,758 shares of the business's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $184.52, for a total transaction of $1,800,546.16. Following the completion of the sale, the executive vice president directly owned 49,794 shares of the company's stock, valued at approximately $9,187,988.88. This trade represents a 16.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.27% of the company's stock.

Institutional Trading of State Street

Several institutional investors and hedge funds have recently modified their holdings of STT. IFM Investors Pty Ltd increased its holdings in State Street by 9.7% during the first quarter. IFM Investors Pty Ltd now owns 84,534 shares of the asset manager's stock valued at $10,699,000 after buying an additional 7,469 shares during the period. New York State Teachers Retirement System lifted its holdings in State Street by 9.7% during the first quarter. New York State Teachers Retirement System now owns 303,919 shares of the asset manager's stock worth $38,464,000 after buying an additional 26,862 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in State Street by 18.3% during the first quarter. Illinois Municipal Retirement Fund now owns 85,775 shares of the asset manager's stock worth $10,856,000 after buying an additional 13,245 shares during the period. Envestnet Asset Management Inc. lifted its holdings in State Street by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 426,809 shares of the asset manager's stock worth $72,387,000 after buying an additional 19,035 shares during the period. Finally, Compass Financial Management LLC bought a new stake in State Street during the 2nd quarter valued at $1,424,000. Institutional investors own 87.44% of the company's stock.

More State Street News

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

• Positive Sentiment: State Street reported third-quarter adjusted earnings of $3.69 per share, ahead of the approximately $3.68 consensus estimate and up from $2.78 a year earlier. Net income increased 27% year over year, while revenue rose 12.9% to roughly $4.00 billion. State Street Corporation Reports Third-Quarter 2026 Financial Results
• Positive Sentiment: Asset growth was a major bright spot: assets under custody and administration reached a record $59.2 trillion, up 15% year over year, while assets under management climbed 16% to $6.3 trillion. Fee revenue rose 11%, management fees increased 20%, and net interest income grew 21%. State Street Posts Third-Quarter Revenue and EPS
• Positive Sentiment: State Street returned $651 million to common shareholders through $400 million of share repurchases and $251 million in dividends. The company also updated its fiscal-year outlook, providing some support for the longer-term earnings case. State Street Q3 2026 Earnings and Outlook
• Neutral Sentiment: State Street elected Alexander Vollert as an independent director and redeemed senior notes. These developments affect governance and capital structure but were not the primary drivers of the market reaction. State Street Posts Q3 Results and Redeems Senior Notes
• Negative Sentiment: Revenue of $4.004 billion fell slightly short of Wall Street’s roughly $4.03 billion forecast and declined sequentially. Investors were especially concerned about disappointing fee revenue, weak net inflows and expectations for rising expenses, despite the EPS beat. State Street Q3 Earnings as Fee Revenue Disappoints
• Negative Sentiment: A securities-law investigation was announced following the earnings-related selloff. The notice comes from an investor law firm and does not establish wrongdoing, but it adds uncertainty and may weigh on sentiment. Unusually heavy put-option activity also signals increased near-term hedging. State Street Investigation Notice

State Street Company Profile

State Street Corporation NYSE: STT is a financial services company that provides institutional investors, asset managers, asset owners, insurance companies, official institutions and other organizations with investment servicing, investment management and related financial services. Its offerings include custody and fund administration, accounting, transfer agency, collateral management, securities lending, foreign exchange, trading and other capital markets services.

Through State Street Investment Management, the company manages investment strategies and offers products such as exchange-traded funds, index strategies, active strategies and other portfolio solutions.

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