State Street FY2025 EPS Estimate Boosted by Zacks Research

Key Points

• Zacks Research has increased its FY2025 earnings estimate for State Street to $9.53 per share, slightly above its previous estimate of $9.52.
• State Street's stock has received multiple upgrades from various analyst firms, with target prices ranging from $98.00 to $121.00 and an average consensus target price of $112.82.
• The company will increase its quarterly dividend to $0.84 per share, up from $0.76, representing an annualized yield of 2.9%.

State Street Corporation (NYSE:STT - Free Report) - Stock analysts at Zacks Research lifted their FY2025 earnings per share estimates for shares of State Street in a research report issued on Thursday, September 4th. Zacks Research analyst Team now forecasts that the asset manager will post earnings per share of $9.53 for the year, up from their prior forecast of $9.52. 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 Q4 2025 earnings at $2.51 EPS, Q3 2026 earnings at $2.59 EPS, FY2026 earnings at $10.32 EPS and FY2027 earnings at $11.64 EPS.

STT has been the subject of several other research reports. Cfra Research upgraded State Street from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, July 15th. Truist Financial lifted their price objective on State Street from $116.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Morgan Stanley lifted their price objective on State Street from $110.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Citigroup upgraded State Street from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $115.00 to $130.00 in a research note on Friday. Finally, Bank of America lifted their price objective on State Street from $106.00 to $109.00 and gave the company an "underperform" rating in a research note on Wednesday, July 16th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $114.18.

State Street Trading Down 0.9%

NYSE STT traded down $1.07 during trading on Friday, hitting $112.99. The stock had a trading volume of 2,598,760 shares, compared to its average volume of 1,584,270. The company has a market capitalization of $32.06 billion, a PE ratio of 12.65, a PEG ratio of 1.11 and a beta of 1.50. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average price of $111.02 and a 200 day moving average price of $98.51. State Street has a twelve month low of $72.81 and a twelve month high of $116.37.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The asset manager reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.17. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.33 billion. State Street had a return on equity of 12.96% and a net margin of 12.59%.The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $2.15 EPS.

State Street Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.84 per share. The ex-dividend date is Wednesday, October 1st. This is a positive change from State Street's previous quarterly dividend of $0.76. This represents a $3.36 annualized dividend and a yield of 3.0%. State Street's dividend payout ratio (DPR) is presently 34.04%.

Insiders Place Their Bets

In related news, EVP Michael L. Richards sold 990 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $109.29, for a total transaction of $108,197.10. Following the completion of the sale, the executive vice president owned 41,332 shares in the company, valued at $4,517,174.28. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On State Street

Several institutional investors have recently added to or reduced their stakes in STT. First Pacific Financial purchased a new stake in State Street in the first quarter valued at approximately $25,000. Capital Analysts LLC lifted its stake in State Street by 3,914.3% in the first quarter. Capital Analysts LLC now owns 281 shares of the asset manager's stock valued at $25,000 after buying an additional 274 shares during the last quarter. Larson Financial Group LLC lifted its stake in State Street by 40.8% in the first 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 during the last quarter. Golden State Wealth Management LLC lifted its stake in State Street by 186.7% in the first 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 during the last quarter. Finally, MV Capital Management Inc. lifted its stake in State Street by 98.4% in the first quarter. MV Capital Management Inc. now owns 506 shares of the asset manager's stock valued at $45,000 after buying an additional 251 shares during 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.