Q3 EPS Estimates for State Street Lowered by Zacks Research

Key Points

• Zacks Research lowered its Q3 2026 earnings per share (EPS) estimate for State Street from $2.60 to $2.47, reflecting a downward trend in expectations.
• State Street reported a Q2 earnings per share of $2.53, exceeding analyst expectations, with quarterly revenue rising by 2.9% compared to the previous year.
• The company announced an increase in its dividend to $0.84 per share, up from $0.76, marking an annualized yield of 3.1% for shareholders.

State Street Corporation (NYSE:STT - Free Report) - Analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for State Street in a research report issued on Monday, August 4th. Zacks Research analyst R. Department now anticipates that the asset manager will post earnings per share of $2.47 for the quarter, down from their prior estimate of $2.60. 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 Q4 2026 earnings at $2.50 EPS, FY2026 earnings at $9.90 EPS, Q2 2027 earnings at $2.74 EPS and FY2027 earnings at $10.74 EPS.

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

A number of other brokerages also recently issued reports on STT. Barclays reduced their price target on State Street from $127.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Bank of America increased their price target on State Street from $106.00 to $109.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 16th. Cfra Research raised State Street from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, July 15th. Wells Fargo & Company increased their price target on State Street from $113.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Truist Financial reduced their price target on State Street from $122.00 to $116.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $112.00.

State Street Trading Up 0.3%

Shares of NYSE:STT opened at $110.07 on Wednesday. The company has a market capitalization of $31.23 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.21 and a beta of 1.48. State Street has a 1 year low of $72.81 and a 1 year high of $114.28. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.57 and a quick ratio of 0.57. The business's 50 day simple moving average is $104.63 and its 200 day simple moving average is $96.35.

State Street Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Wednesday, October 1st will be issued a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from State Street's previous quarterly dividend of $0.76. State Street's dividend payout ratio (DPR) is 34.04%.

Insider Buying and Selling at State Street

In other State Street news, EVP Michael L. Richards sold 990 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.29, for a total value of $108,197.10. Following the sale, the executive vice president owned 41,332 shares of the company's stock, valued at approximately $4,517,174.28. This trade represents a 2.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On State Street

Several hedge funds have recently modified their holdings of STT. Brighton Jones LLC acquired a new stake in shares of State Street during the 4th quarter valued at $296,000. Massachusetts Financial Services Co. MA bought a new position in shares of State Street in the 4th quarter worth about $205,000. Resona Asset Management Co. Ltd. bought a new stake in State Street in the 4th quarter valued at about $8,667,000. Wedbush Securities Inc. bought a new stake in State Street in the 4th quarter valued at about $273,000. Finally, Russell Investments Group Ltd. increased its position in State Street by 28.9% in the 4th quarter. Russell Investments Group Ltd. now owns 394,021 shares of the asset manager's stock valued at $38,675,000 after buying an additional 88,250 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

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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