Principal Financial Group Inc. Buys 15,819 Shares of State Street Corporation $STT

Principal Financial Group Inc. increased its position in shares of State Street Corporation (NYSE:STT) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 336,917 shares of the asset manager’s stock after buying an additional 15,819 shares during the quarter. Principal Financial Group Inc.’s holdings in State Street were worth $42,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC lifted its position in shares of State Street by 25.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 6,688 shares of the asset manager’s stock worth $846,000 after acquiring an additional 1,337 shares during the period. Arbejdsmarkedets Tillaegspension increased its position in shares of State Street by 8.8% during the first quarter. Arbejdsmarkedets Tillaegspension now owns 200,638 shares of the asset manager’s stock valued at $25,393,000 after purchasing an additional 16,277 shares during the period. J. Safra Sarasin Holding AG raised its stake in shares of State Street by 69.2% in the first quarter. J. Safra Sarasin Holding AG now owns 23,741 shares of the asset manager’s stock valued at $3,002,000 after purchasing an additional 9,713 shares in the last quarter. Fifth Third Bancorp lifted its position in State Street by 176.2% in the first quarter. Fifth Third Bancorp now owns 195,039 shares of the asset manager’s stock worth $24,684,000 after purchasing an additional 124,435 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in State Street by 22.3% in the first quarter. Sequoia Financial Advisors LLC now owns 19,420 shares of the asset manager’s stock worth $2,458,000 after purchasing an additional 3,544 shares during the period. 87.44% of the stock is currently owned by institutional investors.

State Street Stock Performance

State Street stock opened at $182.27 on Friday. The firm has a market capitalization of $50.45 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.94 and a beta of 1.42. The stock has a fifty day moving average price of $165.83 and a two-hundred day moving average price of $144.10. State Street Corporation has a 52-week low of $104.64 and a 52-week high of $192.51. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.59 and a quick ratio of 0.57.

State Street (NYSE:STT) last issued its earnings results on Thursday, July 16th. The asset manager reported $3.65 EPS for the quarter, beating the consensus estimate of $3.34 by $0.31. State Street had a net margin of 15.02% and a return on equity of 15.26%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the company earned $2.04 EPS. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, analysts anticipate that State Street Corporation will post 13.35 EPS for the current fiscal year.

State Street Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Thursday, October 1st will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.0%. This is a boost from State Street’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, October 1st. State Street’s dividend payout ratio (DPR) is presently 32.45%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays boosted their price target on shares of State Street from $165.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday. Zacks Research lowered shares of State Street from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. The Goldman Sachs Group lifted their target price on shares of State Street from $168.00 to $194.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Morgan Stanley upped their target price on shares of State Street from $183.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America raised their price target on shares of State Street from $160.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.84.

Key Stories Impacting State Street

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

• Positive Sentiment: State Street delivered a Q2 earnings beat, reporting $3.65 EPS on $4.05 billion in revenue versus expectations of $3.34 EPS and $3.88 billion in sales, supported by higher fee income, stronger net interest income, and no credit-loss provision. State Street Corporation (NYSE: STT) Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Management’s update showed strong operating momentum, with assets under custody and management reaching record levels and revenue growth accelerating sharply year over year, reinforcing confidence in the company’s earnings power. State Street’s quarterly profit jumps 56% on strong fee income
• Positive Sentiment: Several analysts turned more constructive after the results, including KBW and Wells Fargo, both lifting their price targets to $215, while RBC raised its target to $196, signaling expectations for additional upside. These Analysts Raise Their Forecasts On State Street Following Upbeat Q2 Results
• Neutral Sentiment: Truist reaffirmed its hold rating but still increased its target to $191, suggesting the earnings strength improved valuation expectations even without a bullish rating change. Benzinga analyst update on State Street
• Neutral Sentiment: Commentary on digital custody, ETF pricing pressure, and macro-driven operating leverage adds context, but the immediate stock move appears to be driven mainly by the earnings beat and analyst upgrades. State Street Q2: Macro Conditions Continue To Drive Healthy Operating Leverage

Insider Activity

In other State Street news, EVP Michael L. Richards sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $153.89, for a total transaction of $461,670.00. Following the sale, the executive vice president directly owned 43,522 shares of the company’s stock, valued at approximately $6,697,600.58. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hanley Ronald P. O sold 14,553 shares of the firm’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 directly owned 255,512 shares of the company’s stock, valued at approximately $39,693,789.20. The trade was a 5.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,876 shares of company stock valued at $5,866,583 in the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

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.