Q2 EPS Estimates for State Street Lowered by Seaport Res Ptn

State Street Corporation (NYSE:STT - Free Report) - Investment analysts at Seaport Res Ptn dropped their Q2 2025 earnings estimates for State Street in a report released on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will post earnings per share of $2.30 for the quarter, down from their previous forecast 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 posted its quarterly earnings results on Thursday, April 17th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.06. The business 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 prior year, the firm earned $1.69 earnings per share.

A number of other analysts have also issued reports on STT. The Goldman Sachs Group increased their price target on shares of State Street from $98.00 to $111.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Citigroup increased their price target on shares of State Street from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Bank of America raised their price objective on shares of State Street from $98.00 to $99.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. Cfra Research lowered shares of State Street from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 29th. Finally, Wells Fargo & Company raised their price objective on shares of State Street from $113.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday. One equities research 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. According to data from MarketBeat, State Street has a consensus rating of "Hold" and a consensus target price of $109.92.

State Street Stock Up 0.3%

Shares of NYSE STT traded up $0.28 during mid-day trading on Wednesday, reaching $109.48. The company had a trading volume of 1,607,041 shares, compared to its average volume of 2,107,810. The stock has a fifty day moving average of $98.63 and a two-hundred day moving average of $94.72. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $31.22 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.27 and a beta of 1.45. State Street has a 12-month low of $72.81 and a 12-month high of $110.97.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, July 1st. State Street's dividend payout ratio is 34.12%.

Insider Activity at State Street

In other news, CAO Elizabeth Schaefer sold 1,300 shares of State Street 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 transaction, the chief accounting officer owned 7,354 shares of the company's stock, valued at $667,154.88. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On State Street

Several hedge funds and other institutional investors have recently modified their holdings of STT. Eastern Bank grew its stake in shares of State Street by 6,967.4% in the first quarter. Eastern Bank now owns 2,989,452 shares of the asset manager's stock worth $267,646,000 after acquiring an additional 2,947,153 shares during the last quarter. Norges Bank acquired a new stake in shares of State Street in the fourth quarter worth $161,021,000. Price T Rowe Associates Inc. MD grew its stake in shares of State Street by 236.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,309,130 shares of the asset manager's stock worth $226,642,000 after acquiring an additional 1,622,408 shares during the last quarter. Nuveen LLC acquired a new stake in shares of State Street in the first quarter worth $93,016,000. Finally, FMR LLC grew its stake in shares of State Street by 14.2% in the fourth quarter. FMR LLC now owns 6,983,607 shares of the asset manager's stock worth $685,441,000 after acquiring an additional 870,849 shares during 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.