Q4 EPS Estimates for State Street Boosted by Zacks Research

State Street Co. (NYSE:STT - Free Report) - Stock analysts at Zacks Research upped their Q4 2026 earnings per share (EPS) estimates for shares of State Street in a research report issued to clients and investors on Wednesday, June 4th. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings per share of $2.80 for the quarter, up from their prior 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 posted its earnings results on Thursday, April 17th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.06. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.30 billion. State Street had a net margin of 12.14% and a return on equity of 12.60%. During the same quarter in the previous year, the company posted $1.69 earnings per share.

A number of other equities analysts also recently weighed in on the company. Wells Fargo & Company lowered their price target on State Street from $118.00 to $113.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Cfra Research downgraded State Street from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 29th. Evercore ISI cut their target price on State Street from $109.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley increased their target price on State Street from $107.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Bank of America increased their price target on State Street from $98.00 to $99.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $102.54.

State Street Stock Up 0.4%

NYSE:STT opened at $96.42 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03. The stock has a market cap of $27.50 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.11 and a beta of 1.45. The stock has a 50-day moving average price of $89.23 and a two-hundred day moving average price of $94.02. State Street has a 1 year low of $70.20 and a 1 year high of $103.00.

Institutional Investors Weigh In On State Street

Several institutional investors and hedge funds have recently added to or reduced their stakes in STT. Invesco Ltd. lifted its position in shares of State Street by 9.0% during the 1st quarter. Invesco Ltd. now owns 8,184,690 shares of the asset manager's stock valued at $732,775,000 after buying an additional 674,120 shares in the last quarter. Geode Capital Management LLC raised its stake in State Street by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 7,193,687 shares of the asset manager's stock valued at $704,238,000 after purchasing an additional 24,617 shares in the last quarter. FMR LLC increased its position in shares of State Street by 14.2% during the 4th quarter. FMR LLC now owns 6,983,607 shares of the asset manager's stock valued at $685,441,000 after purchasing an additional 870,849 shares during the last quarter. Amundi boosted its stake in State Street by 11.1% during the fourth quarter. Amundi now owns 5,602,547 shares of the asset manager's stock worth $547,636,000 after buying an additional 561,773 shares during the period. Finally, Northern Trust Corp grew its holdings in State Street by 2.8% during the 1st quarter. Northern Trust Corp now owns 4,264,161 shares of the asset manager's stock valued at $381,770,000 after purchasing an additional 115,751 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Activity at State Street

In other State Street news, CAO Elizabeth Schaefer sold 1,300 shares of State Street stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $90.72, for a total value of $117,936.00. Following the completion of the sale, the chief accounting officer now owns 7,354 shares of the company's stock, valued at approximately $667,154.88. This trade represents a 15.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by insiders.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $3.04 annualized dividend and a dividend yield of 3.15%. State Street's payout ratio is presently 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.

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