Q2 EPS Estimates for State Street Reduced by Zacks Research

State Street Co. (NYSE:STT - Free Report) - Equities researchers at Zacks Research dropped their Q2 2025 EPS estimates for shares of State Street in a note issued to investors on Thursday, May 8th. Zacks Research analyst R. Department now forecasts that the asset manager will earn $2.30 per share for the quarter, down from their prior forecast of $2.39. The consensus estimate for State Street's current full-year earnings is $9.68 per share. Zacks Research also issued estimates for State Street's Q3 2025 earnings at $2.27 EPS, Q4 2025 earnings at $2.38 EPS, FY2025 earnings at $9.00 EPS, Q1 2026 earnings at $2.10 EPS, Q2 2026 earnings at $2.54 EPS, Q3 2026 earnings at $2.51 EPS, FY2026 earnings at $9.92 EPS and FY2027 earnings at $10.72 EPS.

Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods dropped their price target on shares of State Street from $118.00 to $113.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Evercore ISI dropped their price target on shares of State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Bank of America upped their price target on shares of State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Truist Financial dropped their price target on shares of State Street from $89.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $103.00 target price (down previously from $104.00) on shares of State Street in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, State Street currently has a consensus rating of "Hold" and an average price target of $102.15.

State Street Stock Performance

Shares of State Street stock opened at $93.81 on Monday. The stock has a market cap of $26.75 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.11 and a beta of 1.42. The firm's 50-day moving average is $86.36 and its 200 day moving average is $93.64. State Street has a 1 year low of $70.20 and a 1 year high of $103.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56.

State Street (NYSE:STT - Get Free Report) last released its earnings results on Thursday, April 17th. The asset manager reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.06. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.30 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. During the same period in the prior year, the firm earned $1.69 EPS.

Institutional Investors Weigh In On State Street

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STT. Principal Financial Group Inc. increased its holdings in State Street by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 346,252 shares of the asset manager's stock worth $30,633,000 after acquiring an additional 4,052 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in State Street by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,321 shares of the asset manager's stock worth $2,878,000 after acquiring an additional 535 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in State Street by 6.7% in the 4th quarter. ST Germain D J Co. Inc. now owns 2,869 shares of the asset manager's stock worth $282,000 after acquiring an additional 180 shares in the last quarter. Graypoint LLC purchased a new stake in State Street during the 4th quarter valued at approximately $203,000. Finally, Czech National Bank grew its holdings in State Street by 4.5% during the 4th quarter. Czech National Bank now owns 63,561 shares of the asset manager's stock valued at $6,239,000 after buying an additional 2,729 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Ann Fogarty sold 3,705 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total value of $368,536.35. Following the completion of the sale, the executive vice president now directly owns 50,816 shares of the company's stock, valued at approximately $5,054,667.52. This represents a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory L. Summe sold 10,815 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the completion of the sale, the director now directly owns 100,023 shares of the company's stock, valued at $10,002,300. This represents a 9.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,820 shares of company stock valued at $1,567,972 in the last quarter. 0.29% of the stock is currently owned by insiders.

State Street Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, April 1st. State Street's payout ratio is currently 34.12%.

About State Street

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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