State Street Corporation $STT Stake Lowered by Private Management Group Inc.

Key Points

• Private Management Group trimmed its stake in State Street by 4.4% in Q3, selling 19,587 shares and holding 425,632 shares (about $49.38 million), making STT its sixth-largest position.
• An insider transaction saw EVP John Plansky sell 16,100 shares (~$2.0M) on March 11, cutting his holding by ~22.3%, a move that could weigh on sentiment despite low overall insider ownership (0.29%).
• State Street recently beat quarterly EPS and revenue (EPS $2.97 vs $2.82; revenue $3.67B) and the stock carries a MarketBeat consensus of "Moderate Buy" (avg. target $135.83); the company also declared a $0.84 quarterly dividend (2.8% yield).

Private Management Group Inc. reduced its position in State Street Corporation (NYSE:STT - Free Report) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,632 shares of the asset manager's stock after selling 19,587 shares during the quarter. State Street accounts for approximately 1.5% of Private Management Group Inc.'s investment portfolio, making the stock its 6th largest holding. Private Management Group Inc. owned approximately 0.15% of State Street worth $49,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STT. Regents of The University of California bought a new stake in shares of State Street in the 3rd quarter valued at about $324,576,000. Jones Financial Companies Lllp boosted its stake in shares of State Street by 11.7% during the third quarter. Jones Financial Companies Lllp now owns 208,600 shares of the asset manager's stock valued at $24,139,000 after purchasing an additional 21,810 shares in the last quarter. Machina Capital S.A.S. bought a new position in shares of State Street during the third quarter valued at approximately $2,622,000. AE Wealth Management LLC purchased a new position in State Street during the third quarter valued at approximately $6,611,000. Finally, Impax Asset Management Group plc increased its holdings in State Street by 49.2% during the third quarter. Impax Asset Management Group plc now owns 127,984 shares of the asset manager's stock valued at $14,847,000 after buying an additional 42,198 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John Plansky sold 16,100 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 56,162 shares in the company, valued at $6,982,059.84. The trade was a 22.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STT. Citigroup initiated coverage on State Street in a report on Monday, February 23rd. They set a "buy" rating and a $150.00 target price for the company. Loop Capital set a $144.00 price target on State Street in a report on Tuesday, January 6th. Zacks Research lowered State Street from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 1st. TD Cowen restated a "buy" rating on shares of State Street in a research note on Wednesday, January 7th. Finally, Truist Financial set a $136.00 price objective on State Street in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $135.83.

State Street Trading Down 1.6%

NYSE:STT opened at $121.27 on Friday. State Street Corporation has a 52 week low of $72.81 and a 52 week high of $137.05. The firm has a 50 day moving average of $128.92 and a 200 day moving average of $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. The stock has a market capitalization 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 (NYSE:STT - Get Free Report) last released its quarterly earnings results on Friday, January 16th. The asset manager reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.15. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.57 billion. State Street had a net margin of 13.02% and a return on equity of 13.46%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.60 earnings per share. As a group, sell-side analysts anticipate that State Street Corporation will post 9.68 earnings per share for the current fiscal year.

State Street Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Wednesday, April 1st will be given a $0.84 dividend. The ex-dividend date of this dividend 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%.

State Street News Summary

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 Company Profile

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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