Zacks Research Forecasts Higher Earnings for State Street

State Street Corporation (NYSE:STT - Free Report) - Equities researchers at Zacks Research raised their Q1 2026 EPS estimates for shares of State Street in a research note issued to investors on Thursday, July 10th. Zacks Research analyst R. Department now forecasts that the asset manager will earn $2.16 per share for the quarter, up from their prior forecast of $2.15. 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 Q2 2026 earnings at $2.62 EPS, Q3 2026 earnings at $2.60 EPS, Q4 2026 earnings at $2.87 EPS, FY2026 earnings at $10.24 EPS, Q1 2027 earnings at $2.49 EPS, Q2 2027 earnings at $2.84 EPS and FY2027 earnings at $11.14 EPS.

STT has been the subject of a number of other reports. Cfra Research lowered shares of State Street from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 29th. Keefe, Bruyette & Woods reduced 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 note on Monday, April 21st. The Goldman Sachs Group boosted their target price on shares of State Street from $98.00 to $111.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Evercore ISI boosted their target price on shares of State Street from $102.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company boosted their target price on shares of State Street from $113.00 to $121.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, State Street has a consensus rating of "Hold" and an average price target of $109.92.

State Street Stock Performance

Shares of NYSE:STT traded up $0.42 during trading on Monday, reaching $109.98. 2,510,184 shares of the company's stock traded hands, compared to its average volume of 2,083,347. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.57 and a quick ratio of 0.57. State Street has a 12 month low of $72.81 and a 12 month high of $110.97. The company has a 50 day moving average of $99.86 and a 200-day moving average of $94.91. The stock has a market capitalization of $31.37 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45.

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

State Street Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, July 1st were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Tuesday, July 1st. State Street's payout ratio is currently 34.12%.

Insider Transactions at State Street

In related news, CAO Elizabeth Schaefer sold 1,300 shares of State Street 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 transaction, the chief accounting officer directly owned 7,354 shares of the company's stock, valued at $667,154.88. The trade was a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by insiders.

Hedge Funds Weigh In On State Street

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in State Street by 46.5% in the 2nd quarter. GAMMA Investing LLC now owns 5,381 shares of the asset manager's stock worth $572,000 after purchasing an additional 1,707 shares in the last quarter. Ridgewood Investments LLC increased its stake in State Street by 94.9% in the 2nd quarter. Ridgewood Investments LLC now owns 6,838 shares of the asset manager's stock worth $727,000 after purchasing an additional 3,329 shares in the last quarter. Park Avenue Securities LLC increased its stake in State Street by 58.5% in the 2nd quarter. Park Avenue Securities LLC now owns 10,964 shares of the asset manager's stock worth $1,166,000 after purchasing an additional 4,045 shares in the last quarter. Farther Finance Advisors LLC increased its stake in State Street by 426.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,027 shares of the asset manager's stock worth $1,598,000 after purchasing an additional 12,175 shares in the last quarter. Finally, CX Institutional increased its stake in State Street by 6.3% in the 2nd quarter. CX Institutional now owns 7,677 shares of the asset manager's stock worth $816,000 after purchasing an additional 457 shares in the last quarter. Hedge funds and other institutional investors 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.