Ritholtz Wealth Management Grows Position in State Street Corporation $STT

Ritholtz Wealth Management lifted its holdings in shares of State Street Corporation (NYSE:STT) by 77.5% during the first quarter, HoldingsChannel.com reports. The fund owned 9,757 shares of the asset manager’s stock after purchasing an additional 4,259 shares during the quarter. Ritholtz Wealth Management’s holdings in State Street were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Regents of The University of California raised its stake in shares of State Street by 211.2% during the fourth quarter. Regents of The University of California now owns 8,706,195 shares of the asset manager’s stock worth $1,123,186,000 after purchasing an additional 5,908,370 shares during the last quarter. Morgan Stanley boosted its holdings in State Street by 9.0% during the fourth quarter. Morgan Stanley now owns 5,222,382 shares of the asset manager’s stock worth $673,740,000 after buying an additional 433,201 shares in the last quarter. Victory Capital Management Inc. increased its holdings in State Street by 30.8% in the fourth 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. Franklin Resources Inc. boosted its stake in shares of State Street by 1.7% during the 4th quarter. Franklin Resources Inc. now owns 3,926,321 shares of the asset manager’s stock worth $506,534,000 after acquiring an additional 67,309 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of State Street by 30.4% in the 4th quarter. First Trust Advisors LP now owns 3,582,977 shares of the asset manager’s stock worth $462,240,000 after acquiring an additional 835,331 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

State Street Stock Up 0.2%

Shares of State Street stock opened at $168.44 on Monday. State Street Corporation has a 1-year low of $101.98 and a 1-year high of $175.46. The business has a 50-day moving average of $157.67 and a 200-day moving average of $139.11. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $46.62 billion, a PE ratio of 17.08, a P/E/G ratio of 0.91 and a beta of 1.43.

State Street (NYSE:STT) last announced its earnings results on Friday, April 17th. The asset manager reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.20. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.59 billion. State Street had a return on equity of 14.22% and a net margin of 13.47%.State Street’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 EPS. As a group, equities analysts forecast that State Street Corporation will post 12.43 EPS for the current fiscal year.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, July 1st. State Street’s dividend payout ratio (DPR) is 34.08%.

Insider Transactions at State Street

In other State Street news, CEO Hanley Ronald P. O sold 14,553 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.35, for a total transaction of $2,260,808.55. Following the sale, the chief executive officer owned 255,512 shares in the company, valued at $39,693,789.20. This represents a 5.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael L. Richards sold 1,500 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $162.14, for a total value of $243,210.00. Following the transaction, the executive vice president directly owned 41,827 shares in the company, valued at approximately $6,781,829.78. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,876 shares of company stock valued at $5,866,583 in the last three months. Corporate insiders own 0.27% of the company’s stock.

Trending Headlines about State Street

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

• Positive Sentiment: State Street plans to increase its quarterly dividend by 10% after passing the 2026 stress test, reinforcing its capital strength and shareholder-return story. STT Announces Plan for 10% Dividend Hike Post 2026 Stress Test Results
• Positive Sentiment: Truist Financial raised its price target on State Street to $176 from $150, implying continued upside potential even while keeping a hold rating. State Street price target raised by Truist Financial Corporation
• Positive Sentiment: Wall Street expectations for State Street’s upcoming Q2 earnings point to another double-digit EPS increase, which could support sentiment if results confirm the trend. State Street Corporation’s Q2 2026 Earnings: What to Expect
• Neutral Sentiment: Barclays kept a hold rating on State Street, and another analyst update also suggests investors remain constructive but not aggressively bullish at current levels. Barclays Remains a Hold on State Street (STT)
• Neutral Sentiment: Commentary on State Street’s 65% annual stock gain and current valuation suggests investors are debating whether the rally has already priced in a lot of good news. State Street (STT) Stock After 65% Year Gain Are Recent Valuation Signals Justified

Analyst Ratings Changes

STT has been the subject of several research analyst reports. Citigroup raised their price objective on State Street from $172.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Argus raised their price target on shares of State Street from $140.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods upped their target price on State Street from $157.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Seaport Research Partners reaffirmed a “buy” rating and set a $170.00 price target on shares of State Street in a research report on Monday, April 20th. Finally, Morgan Stanley raised their price objective on State Street from $155.00 to $166.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.16.

State Street 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.