Zacks Research Forecasts Higher Earnings for State Street

State Street Co. (NYSE:STT - Free Report) - Analysts at Zacks Research raised their Q4 2026 earnings per share (EPS) estimates for State Street in a report issued on Wednesday, June 4th. Zacks Research analyst R. Department now expects that the asset manager will post earnings of $2.80 per share for the quarter, up from their previous estimate of $2.77. 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 Q1 2027 earnings at $2.43 EPS.

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

STT has been the subject of a number of other research reports. Citigroup cut their price target on shares of State Street from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Wells Fargo & Company dropped their target price on State Street from $118.00 to $113.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Barclays lowered their price target on State Street from $127.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Wall Street Zen cut State Street from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group set a $98.00 price target on State Street and gave the company a "buy" rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $102.54.

State Street Stock Performance

NYSE:STT traded up $0.21 during mid-day trading on Friday, hitting $98.83. 1,364,039 shares of the company's stock traded hands, compared to its average volume of 2,118,101. The firm has a 50 day moving average of $89.43 and a two-hundred day moving average of $94.02. State Street has a 12 month low of $70.20 and a 12 month high of $103.00. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. First Hawaiian Bank increased its stake in shares of State Street by 1.9% in the first quarter. First Hawaiian Bank now owns 20,592 shares of the asset manager's stock worth $1,844,000 after buying an additional 391 shares during the period. Strs Ohio purchased a new position in shares of State Street in the first quarter worth $22,116,000. Jacobi Capital Management LLC increased its stake in shares of State Street by 7.8% in the first quarter. Jacobi Capital Management LLC now owns 13,189 shares of the asset manager's stock worth $1,181,000 after buying an additional 957 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of State Street by 23.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,234 shares of the asset manager's stock worth $110,000 after buying an additional 236 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in shares of State Street by 10.2% in the first quarter. IFM Investors Pty Ltd now owns 65,518 shares of the asset manager's stock worth $5,866,000 after buying an additional 6,084 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at State Street

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $90.72, for a total transaction of $117,936.00. Following the completion of the sale, the chief accounting officer now directly owns 7,354 shares in the company, valued at $667,154.88. This represents a 15.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by company insiders.

State Street Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, July 1st. State Street's payout ratio is currently 34.12%.

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.