Q2 EPS Estimates for State Street Raised by Seaport Res Ptn

Key Points

• Seaport Res Ptn has raised their Q2 2026 earnings per share estimate for State Street to $2.87, up from a previous estimate of $2.83, indicating positive expectations for the asset manager's performance.
• State Street recently announced an increase in its quarterly dividend to $0.84 per share, up from $0.76, reflecting a commitment to returning value to shareholders.
• The average target price for State Street's stock is currently $122.83, with12 analysts giving the stock an overall "Moderate Buy" rating.

State Street Corporation (NYSE:STT - Free Report) - Seaport Res Ptn raised their Q2 2026 earnings per share estimates for State Street in a note issued to investors on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will post earnings per share of $2.87 for the quarter, up from their prior estimate of $2.83. 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 FY2026 earnings at $11.60 EPS and FY2027 earnings at $13.25 EPS.

A number of other brokerages also recently issued reports on STT. Weiss Ratings restated a "buy (b)" rating on shares of State Street in a report on Saturday, September 27th. Wells Fargo & Company raised their target price on shares of State Street from $113.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. BMO Capital Markets began coverage on shares of State Street in a research note on Friday. They set an "outperform" rating and a $130.00 target price on the stock. Truist Financial increased their price target on shares of State Street from $125.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Cfra Research raised State Street from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, State Street has an average rating of "Moderate Buy" and an average price target of $122.83.

State Street Price Performance

STT stock opened at $117.00 on Tuesday. The stock has a market capitalization of $33.19 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.13 and a beta of 1.46. The firm's 50-day moving average price is $112.92 and its two-hundred day moving average price is $101.72. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.09. State Street has a 12-month low of $72.81 and a 12-month high of $118.06.

State Street (NYSE:STT - Get Free Report) last issued its earnings results on Tuesday, July 15th. The asset manager reported $2.53 EPS for the quarter, topping the consensus estimate of $2.36 by $0.17. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.33 billion. State Street had a net margin of 12.59% and a return on equity of 12.96%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.15 earnings per share.

Hedge Funds Weigh In On State Street

A number of hedge funds have recently added to or reduced their stakes in the company. First Pacific Financial bought a new stake in shares of State Street in the 1st quarter worth $25,000. Capital Analysts LLC increased its holdings in State Street by 3,914.3% in the 1st quarter. Capital Analysts LLC now owns 281 shares of the asset manager's stock worth $25,000 after buying an additional 274 shares in the last quarter. Larson Financial Group LLC raised its position in State Street by 40.8% in the 1st quarter. Larson Financial Group LLC now owns 407 shares of the asset manager's stock worth $36,000 after buying an additional 118 shares during the last quarter. AlphaCore Capital LLC lifted its stake in State Street by 103.5% during the 2nd quarter. AlphaCore Capital LLC now owns 468 shares of the asset manager's stock valued at $50,000 after acquiring an additional 238 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of State Street by 186.7% during the 1st quarter. Golden State Wealth Management LLC now owns 476 shares of the asset manager's stock valued at $43,000 after acquiring an additional 310 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other State Street news, EVP Michael L. Richards sold 990 shares of State Street stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.29, for a total value of $108,197.10. Following the completion of the transaction, the executive vice president directly owned 41,332 shares of the company's stock, valued at approximately $4,517,174.28. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company's stock.

State Street Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Wednesday, October 1st will be given a dividend of $0.84 per share. This is a positive change from State Street's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.36 annualized dividend and a yield of 2.9%. State Street's payout ratio is currently 37.63%.

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.

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