Q2 EPS Estimates for State Street Cut by Seaport Res Ptn

State Street Corporation (NYSE:STT - Free Report) - Equities research analysts at Seaport Res Ptn lowered their Q2 2025 EPS estimates for shares of State Street in a research report issued to clients and investors on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will post earnings of $2.30 per share for the quarter, down from their prior estimate of $2.37. The consensus estimate for State Street's current full-year earnings is $9.68 per share.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The asset manager reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.06. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.30 billion. State Street had a net margin of 12.85% and a return on equity of 12.79%. During the same period in the previous year, the business earned $1.69 EPS.

Other research analysts have also issued reports about the stock. Truist Financial boosted their price target on shares of State Street from $112.00 to $122.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods cut their target price on shares of State Street from $118.00 to $113.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Evercore ISI upped their target price on shares of State Street from $102.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley upped their price target on shares of State Street from $110.00 to $114.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, The Goldman Sachs Group upped their price target on shares of State Street from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, State Street currently has a consensus rating of "Hold" and a consensus target price of $109.92.

State Street Price Performance

Shares of STT traded down $0.66 during mid-day trading on Wednesday, reaching $109.55. 2,668,847 shares of the stock traded hands, compared to its average volume of 2,110,676. The firm has a fifty day moving average price of $99.48 and a 200 day moving average price of $94.90. The company has a market cap of $31.24 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.45. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.07. State Street has a 1 year low of $72.81 and a 1 year high of $111.99.

Institutional Investors Weigh In On State Street

Several institutional investors and hedge funds have recently added to or reduced their stakes in STT. First Pacific Financial bought a new stake in State Street during the first quarter valued at about $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 valued at $25,000 after acquiring an additional 274 shares during the last quarter. Larson Financial Group LLC raised its position in shares of State Street by 40.8% during the 1st quarter. Larson Financial Group LLC now owns 407 shares of the asset manager's stock valued at $36,000 after buying an additional 118 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in shares of State Street by 2,942.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager's stock valued at $42,000 after buying an additional 412 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position 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 buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Transactions at State Street

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $90.72, for a total value of $117,936.00. Following the sale, the chief accounting officer owned 7,354 shares in the company, valued at approximately $667,154.88. This trade represents a 15.02% decrease in their ownership of the stock. 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.

State Street Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, July 1st. State Street's dividend 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.