State Street (STT) Expected to Announce Quarterly Earnings on Tuesday

State Street (NYSE:STT - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 15th. Analysts expect the company to announce earnings of $2.39 per share and revenue of $3.33 billion for the quarter.

State Street (NYSE:STT - Get Free Report) last posted its earnings results on Thursday, April 17th. The asset manager reported $2.04 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $3.30 billion. During the same period in the previous year, the company posted $1.69 earnings per share. On average, analysts expect State Street to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

State Street Trading Down 0.5%

NYSE STT opened at $109.74 on Tuesday. The company's fifty day simple moving average is $98.22 and its 200-day simple moving average is $94.62. State Street has a 52 week low of $72.65 and a 52 week high of $110.97. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.07. The stock has a market cap of $31.30 billion, a P/E ratio of 12.32, a PEG ratio of 1.28 and a beta of 1.45.

State Street Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be paid a $0.76 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.77%. State Street's dividend payout ratio (DPR) is presently 34.12%.

Analyst Ratings Changes

Several analysts have weighed in on STT shares. Bank of America boosted their target price on shares of State Street from $98.00 to $99.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price target on shares of State Street from $118.00 to $113.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Morgan Stanley boosted their price target on shares of State Street from $110.00 to $114.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Evercore ISI boosted their price target on shares of State Street from $102.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Cfra Research downgraded shares of State Street from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 29th. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $106.46.

Insider Transactions at State Street

In other State Street news, CAO Elizabeth Schaefer sold 1,300 shares of the firm's 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.29% of the company's stock.

Hedge Funds Weigh In On State Street

Several institutional investors have recently modified their holdings of STT. Empowered Funds LLC increased its position in shares of State Street by 220.1% during the 1st quarter. Empowered Funds LLC now owns 23,263 shares of the asset manager's stock worth $2,065,000 after purchasing an additional 15,996 shares during the last quarter. Woodline Partners LP increased its position in shares of State Street by 38.4% during the 1st quarter. Woodline Partners LP now owns 24,372 shares of the asset manager's stock worth $2,182,000 after purchasing an additional 6,767 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of State Street by 105.2% during the 1st quarter. NewEdge Advisors LLC now owns 10,193 shares of the asset manager's stock worth $913,000 after purchasing an additional 5,226 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of State Street during the 4th quarter worth approximately $296,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of State Street by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,223 shares of the asset manager's stock worth $2,885,000 after purchasing an additional 918 shares during the last quarter. Institutional investors own 87.44% of the company's stock.

About State Street

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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