State Street (NYSE:STT) Receives Hold Rating from Truist Financial

Key Points

• Truist Financial reiterated a Hold rating on State Street and raised its price target to $191 from $176, implying only modest upside from current levels.
• Other analysts remain generally positive overall, with multiple firms lifting targets and issuing Buy/Outperform calls; State Street’s consensus rating is Moderate Buy with an average price target of $180.66.
• State Street also posted strong quarterly results, beating expectations with EPS of $3.65 and revenue of $4.05 billion, while assets under management reached a record $6.3 trillion.

State Street (NYSE:STT - Get Free Report)'s stock had its "hold" rating reissued by research analysts at Truist Financial in a research note issued on Friday,Benzinga reports. They currently have a $191.00 target price on the asset manager's stock, up from their prior target price of $176.00. Truist Financial's target price suggests a potential upside of 4.37% from the stock's current price.

Several other equities research analysts have also recently commented on STT. Evercore set a $186.00 price target on State Street and gave the company an "outperform" rating in a report on Monday, July 6th. Barclays upped their target price on State Street from $165.00 to $200.00 and gave the company an "equal weight" rating in a report on Friday. Citigroup raised their target price on State Street from $193.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday. Seaport Research Partners reiterated a "buy" rating and set a $170.00 price target on shares of State Street in a report on Monday, April 20th. Finally, Morgan Stanley upped their price objective on shares of State Street from $166.00 to $183.00 and gave the company an "overweight" rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, State Street presently has an average rating of "Moderate Buy" and a consensus price target of $180.66.

State Street Stock Performance

STT opened at $183.01 on Friday. State Street has a twelve month low of $104.64 and a twelve month high of $192.51. The firm has a market capitalization of $50.65 billion, a PE ratio of 18.53, a PEG ratio of 0.96 and a beta of 1.42. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.04. The firm's 50-day moving average price is $165.17 and its 200 day moving average price is $143.83.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.31. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.88 billion. State Street had a net margin of 13.47% and a return on equity of 14.22%. State Street's quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.04 EPS. As a group, sell-side analysts expect that State Street will post 12.75 EPS for the current fiscal year.

Insider Transactions at State Street

In related news, EVP Michael L. Richards sold 3,000 shares of the firm's stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the transaction, the executive vice president directly owned 43,522 shares in the company, valued at $6,697,600.58. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Hanley Ronald P. O sold 14,553 shares of State Street stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.35, for a total transaction of $2,260,808.55. Following the completion of the transaction, the chief executive officer owned 255,512 shares of the company's stock, valued at $39,693,789.20. This trade represents a 5.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 37,876 shares of company stock valued at $5,866,583. Corporate insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Regents of The University of California boosted its holdings in State Street by 211.2% in the fourth quarter. Regents of The University of California now owns 8,706,195 shares of the asset manager's stock valued at $1,123,186,000 after purchasing an additional 5,908,370 shares in the last quarter. Norges Bank purchased a new stake in shares of State Street during the 4th quarter worth approximately $303,483,000. Pinebridge Investments LLC acquired a new position in shares of State Street in the 4th quarter valued at $178,705,000. Victory Capital Management Inc. boosted its holdings in shares of State Street by 30.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,559,546 shares of the asset manager's stock valued at $588,227,000 after buying an additional 1,074,174 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of State Street by 261.0% in the 3rd quarter. Two Sigma Investments LP now owns 1,217,802 shares of the asset manager's stock valued at $141,277,000 after buying an additional 880,507 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

State Street News Summary

Here are the key news stories impacting State Street this week:

• Positive Sentiment: State Street beat Wall Street estimates with Q2 EPS of $3.65 versus $3.34 expected and revenue of $4.05 billion versus $3.88 billion, reinforcing that earnings momentum remains strong. Business Wire: State Street Corporation NYSE: STT Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Profitability improved sharply, with Reuters reporting a 56% jump in quarterly profit as fee income rose, signaling healthy operating leverage. Reuters: State Street's quarterly profit jumps 56% on strong fee income
• Positive Sentiment: Assets under management hit a record $6.3 trillion, while assets under custody/administration also reached record levels, showing continued client inflows and scale benefits. Benzinga: State Street Tops Wall Street Views As AUM Hits $6.3 Trillion
• Positive Sentiment: Management appeared confident on the earnings call, with multiple recaps highlighting a “record” quarter and boosted 2026 guidance, which tends to support the stock. Seeking Alpha: State Street posts Q2 beat as fee income jumps, 2026 guidance boosted
• Neutral Sentiment: Commentary around State Street’s digital custody strategy and summit presentation adds long-term interest, but it is unlikely to be the main driver of the stock today. Yahoo Finance: State Street (STT) Puts Digital Custody In Focus At Global Onchain Summit 2026
• Negative Sentiment: One article raised concerns about ETF pricing pressure and competitive fee compression, which could weigh on margins over time even after the strong quarter. 247WallSt: BNY Mellon Vs. State Street

State Street Company Profile

State Street Corporation is a global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors. Its principal activities include custody and fund administration, securities lending, performance and risk analytics, trading and execution services, and foreign exchange. The company also offers investment management through State Street Global Advisors, a major provider of exchange-traded funds and institutional investment strategies.

State Street serves a broad client base of asset managers, insurance companies, pension funds, endowments, and other institutions across North America, Europe, Asia and other global markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.