Dodge & Cox Has $788.31 Million Stock Position in State Street Corporation $STT

Key Points

• Dodge & Cox trimmed its State Street stake by 8.3% to 6,795,174 shares, representing a 2.43% ownership valued at about $788.31 million.
• EVP John Plansky sold 16,100 shares (≈$2.0M), cutting his position by ~22.3%; insiders now own just 0.29% of the company, a move that may weigh on sentiment.
• State Street recently beat quarterly EPS and revenue estimates, carries a consensus rating of Moderate Buy with an average target of $135.83, and announced a $0.84 quarterly dividend (≈2.8% yield).

Dodge & Cox cut its holdings in shares of State Street Corporation (NYSE:STT - Free Report) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,795,174 shares of the asset manager's stock after selling 617,240 shares during the period. Dodge & Cox owned 2.43% of State Street worth $788,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FORA Capital LLC bought a new stake in shares of State Street during the third quarter worth approximately $494,000. Glenmede Investment Management LP boosted its stake in State Street by 0.4% in the third quarter. Glenmede Investment Management LP now owns 48,170 shares of the asset manager's stock valued at $5,588,000 after acquiring an additional 213 shares during the last quarter. Jump Financial LLC grew its holdings in State Street by 124.3% during the 3rd quarter. Jump Financial LLC now owns 119,503 shares of the asset manager's stock worth $13,864,000 after acquiring an additional 66,233 shares during the period. Vise Technologies Inc. grew its holdings in State Street by 7.1% during the 3rd quarter. Vise Technologies Inc. now owns 4,033 shares of the asset manager's stock worth $468,000 after acquiring an additional 267 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of State Street during the 3rd quarter valued at $1,055,000. Institutional investors own 87.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research downgraded State Street from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 1st. Truist Financial set a $136.00 price objective on State Street in a research note on Tuesday, January 20th. The Goldman Sachs Group reissued a "buy" rating on shares of State Street in a research note on Tuesday, January 6th. Citigroup began coverage on State Street in a report on Monday, February 23rd. They set a "buy" rating and a $150.00 target price on the stock. Finally, Weiss Ratings restated a "buy (b)" rating on shares of State Street in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, State Street presently has an average rating of "Moderate Buy" and an average target price of $135.83.

Insider Activity

In related news, EVP John Plansky sold 16,100 shares of State Street stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $124.32, for a total value of $2,001,552.00. Following the sale, the executive vice president owned 56,162 shares of the company's stock, valued at approximately $6,982,059.84. This trade represents a 22.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company's stock.

Trending Headlines about State Street

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

• Positive Sentiment: State Street launched the State Street IG Public & Private ABS ETF (PRAB), targeting a large public/private credit opportunity (CLOs, MBS). This product can help SSGA gather fee‑bearing AUM in higher‑yield credit niches if it attracts flows. Read More.
• Positive Sentiment: A senior executive indicated Q1 revenue is likely to exceed earlier expectations—if realized, better revenue trajectory would support earnings and fee income visibility. Read More.
• Neutral Sentiment: State Street-affiliated ETFs (SSGA) in sectors like energy are performing well, reflecting broader market moves; positive fund performance can help asset-gathering but is only indirectly supportive of STT’s stock. Read More.
• Neutral Sentiment: State Street entities reduced or exited substantial holdings in several Australian-listed companies (Liontown, Nick Scali, PWR). These are portfolio/ fund-level adjustments by State Street’s passive/active platforms and don’t directly imply a change to STT’s corporate fundamentals. Read More.
• Negative Sentiment: EVP John Plansky sold 16,100 shares (~$2.0M) and reduced his holdings ~22%. Insider selling can weigh on sentiment, especially when it’s a material reduction by a senior executive. Read More.

State Street Trading Down 1.6%

Shares of NYSE:STT opened at $121.27 on Friday. The firm has a market cap of $33.80 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.08 and a beta of 1.43. State Street Corporation has a 12 month low of $72.81 and a 12 month high of $137.05. The company's fifty day simple moving average is $128.92 and its 200 day simple moving average is $122.00. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04.

State Street (NYSE:STT - Get Free Report) last released its earnings results on Friday, January 16th. The asset manager reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.82 by $0.15. State Street had a return on equity of 13.46% and a net margin of 13.02%.The firm had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the company earned $2.60 EPS. The company's revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that State Street Corporation will post 9.68 EPS for the current fiscal year.

State Street Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Wednesday, April 1st will be issued a dividend of $0.84 per share. The ex-dividend date is Wednesday, April 1st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. State Street's dividend payout ratio (DPR) is presently 35.71%.

About State Street

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.