Robeco Institutional Asset Management B.V. Purchases 142,031 Shares of State Street Corporation $STT

Key Points

• Robeco Institutional Asset Management B.V. raised its stake in State Street by 19.6% in Q4, buying 142,031 shares to hold 866,620 shares worth about $111.8 million (≈0.31% of the company).
• State Street beat Q4 estimates with EPS of $2.97 vs. $2.82 and revenue of $3.67B (up 7.5% YoY), and announced a quarterly dividend of $0.84 ($3.36 annualized, 2.4% yield; ex-dividend Apr 1, payable Apr 13).
• Analyst sentiment is broadly positive—MarketBeat shows a "Moderate Buy" consensus with an average target of $140.50 and several firms raising targets (Keefe Bruyette to $157, Citi $150).

Robeco Institutional Asset Management B.V. raised its position in shares of State Street Corporation (NYSE:STT - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 866,620 shares of the asset manager's stock after purchasing an additional 142,031 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.31% of State Street worth $111,803,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JPL Wealth Management LLC bought a new stake in shares of State Street during the 3rd quarter valued at about $29,000. True Wealth Design LLC grew its stake in shares of State Street by 166.3% during the 3rd quarter. True Wealth Design LLC now owns 253 shares of the asset manager's stock valued at $29,000 after purchasing an additional 158 shares during the period. Board of the Pension Protection Fund bought a new stake in shares of State Street during the 4th quarter valued at about $39,000. Flagship Wealth Advisors LLC bought a new stake in shares of State Street during the 3rd quarter valued at about $35,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of State Street during the 3rd quarter valued at about $35,000. 87.44% of the stock is currently owned by institutional investors.

State Street News Roundup

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $157 and kept an "outperform" rating, giving formal analyst momentum and a clear upside signal to investors. Keefe Bruyette & Woods raises price target to $157
• Positive Sentiment: Zacks says STT is a top dividend stock right now, highlighting yield and payout durability that can attract income-focused investors and support multiple expansion. State Street Corporation (STT) is a Top Dividend Stock Right Now: Should You Buy?
• Positive Sentiment: Another Zacks piece flags that State Street has the ingredients for an earnings beat (momentum in revenue/fee trends), which can lift short-term sentiment ahead of future quarterly results. State Street Corporation (STT) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: State Street expanded a long-running partnership with Thornburg to support new ETF share classes — a direct business win that can increase custody/administration fee flows as ETF assets scale. State Street Expands Long Partnership With Thornburg to Support New ETF Share Classes
• Neutral Sentiment: State Street analysts published a bullish gold outlook (gold above $5,000 long term); informative for macro strategy but indirect for STT’s fees/earnings. State Street sees gold pushing above $5,000 despite near-term headwinds
• Neutral Sentiment: TipRanks notes State Street Group ceased to be a substantial holder in SRG Global (AU); likely an isolated portfolio change with limited impact on STT fundamentals. State Street Group Ceases to Be Substantial Holder in SRG Global
• Neutral Sentiment: A Barron's piece on copper/miners is market color for commodity investors but does not directly affect State Street’s operating outlook. Copper Is a ‘Peace' Commodity. Own These Miners in a Market Recovery.

State Street Trading Down 0.0%

Shares of NYSE:STT opened at $139.37 on Monday. The stock has a 50 day moving average of $127.54 and a 200 day moving average of $124.08. The company has a market cap of $38.61 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. State Street Corporation has a 12-month low of $75.50 and a 12-month high of $139.90.

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

State Street Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Wednesday, April 1st will be paid 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 2.4%. State Street's payout ratio is 35.71%.

Insider Activity

In related news, EVP John Plansky sold 16,100 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $124.32, for a total transaction of $2,001,552.00. Following the completion of the transaction, the executive vice president directly owned 56,162 shares in the company, valued at approximately $6,982,059.84. The trade was a 22.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STT. Bank of America upgraded State Street from an "underperform" rating to a "neutral" rating and set a $143.00 price target for the company in a research note on Monday, April 6th. Loop Capital set a $144.00 price target on State Street in a research note on Tuesday, January 6th. TD Cowen restated a "buy" rating on shares of State Street in a research note on Wednesday, January 7th. Citigroup started coverage on State Street in a research note on Monday, February 23rd. They set a "buy" rating and a $150.00 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on State Street from $147.00 to $157.00 and gave the company an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $140.50.

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.

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