State Street (NYSE:STT) Given New $158.50 Price Target at JPMorgan Chase & Co.

State Street (NYSE:STT) had its target price increased by JPMorgan Chase & Co. from $137.50 to $158.50 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 5.22% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of State Street from $155.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Truist Financial increased their price objective on shares of State Street from $136.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Argus increased their price objective on shares of State Street from $140.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Seaport Research Partners reissued a “buy” rating and issued a $170.00 price objective on shares of State Street in a research report on Monday, April 20th. Finally, Barclays set a $165.00 price objective on shares of State Street in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.77.

State Street Stock Up 0.8%

STT traded up $1.15 during trading hours on Monday, hitting $150.64. 731,533 shares of the company’s stock were exchanged, compared to its average volume of 2,158,034. State Street has a 12-month low of $94.19 and a 12-month high of $156.18. The firm has a 50 day moving average of $134.10 and a 200 day moving average of $128.11. The firm has a market cap of $41.69 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.04.

State Street (NYSE:STT) last announced its earnings results on Friday, April 17th. The asset manager reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.20. State Street had a net margin of 13.47% and a return on equity of 14.22%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm earned $2.04 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts predict that State Street will post 12.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Plansky sold 16,100 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $124.32, for a total transaction of $2,001,552.00. Following the completion of the sale, the executive vice president owned 56,162 shares in the company, valued at $6,982,059.84. This represents a 22.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael L. Richards sold 3,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the sale, the executive vice president owned 43,522 shares of the company’s stock, valued at approximately $6,697,600.58. This represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,711 shares of company stock worth $3,933,032 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Institutional Trading of State Street

Large investors have recently bought and sold shares of the business. Wilkerson Advisory Group LLC acquired a new stake in State Street during the 4th quarter worth $29,000. JPL Wealth Management LLC acquired a new stake in State Street during the 3rd quarter worth $29,000. Phillip James Consulting Co. acquired a new stake in shares of State Street in the 4th quarter worth $30,000. Whipplewood Advisors LLC acquired a new stake in shares of State Street in the 1st quarter worth $34,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of State Street in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Key State Street News

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

• Positive Sentiment: State Street was highlighted as a strong momentum stock by Zacks, which may support bullish trading interest as investors look for names with favorable style scores and technical strength. Article Title
• Positive Sentiment: Shares crossed above their 200-day moving average, a technical signal that often attracts momentum and trend-following buyers. Article Title
• Positive Sentiment: Brokerages continue to rate State Street a “Moderate Buy,” reinforcing confidence in the company’s outlook after its recent earnings beat. Article Title
• Positive Sentiment: State Street Investment Management was named among institutions integrating Chainlink’s blockchain infrastructure, which underscores the firm’s continued presence in digital-asset and tokenization-related initiatives. Article Title
• Neutral Sentiment: Several filings showed State Street units exiting substantial holdings in smaller companies such as Bega Cheese, Elsight, and WA1 Resources; these are routine portfolio changes and do not appear to be a direct signal on STT’s core business. Article Title
• Neutral Sentiment: One commentary piece noted a recent short-term valuation pullback, but it was framed as a look at valuation rather than a clear negative catalyst. Article Title

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.