Stock Traders Buy High Volume of Put Options on State Street (NYSE:STT)

State Street Corporation (NYSE:STT) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 1,835 put options on the stock. This represents an increase of approximately 47% compared to the typical daily volume of 1,251 put options.

State Street Stock Up 0.4%

Shares of NYSE STT opened at $167.62 on Friday. The stock has a market capitalization of $46.05 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.41. State Street has a 52 week low of $104.64 and a 52 week high of $195.93. The firm has a 50-day moving average price of $184.58 and a 200 day moving average price of $169.60. The company has a quick ratio of 0.59, a current ratio of 0.57 and a debt-to-equity ratio of 1.07.

State Street (NYSE:STT) last issued its earnings results on Wednesday, October 14th. The asset manager reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.01. State Street had a net margin of 15.81% and a return on equity of 16.36%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the prior year, the business posted $2.78 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that State Street will post 13.80 EPS for the current fiscal year.

Insider Activity

In other State Street news, CEO Ronald O’Hanley sold 14,553 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $184.17, for a total transaction of $2,680,226.01. Following the completion of the sale, the chief executive officer directly owned 240,959 shares of the company’s stock, valued at $44,377,419.03. This represents a 5.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP W. Hu sold 9,758 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $184.52, for a total value of $1,800,546.16. Following the sale, the executive vice president directly owned 49,794 shares of the company’s stock, valued at $9,187,988.88. The trade was a 16.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On State Street

Hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC increased its position in shares of State Street by 1.7% in the third quarter. V Square Quantitative Management LLC now owns 9,239 shares of the asset manager’s stock valued at $1,613,000 after buying an additional 156 shares in the last quarter. Community Financial Services Group LLC raised its stake in shares of State Street by 40.7% during the 3rd quarter. Community Financial Services Group LLC now owns 304 shares of the asset manager’s stock worth $53,000 after buying an additional 88 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of State Street by 14.5% in the 2nd quarter. QRG Capital Management Inc. now owns 50,753 shares of the asset manager’s stock worth $8,608,000 after buying an additional 6,420 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of State Street by 106.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,859 shares of the asset manager’s stock worth $1,163,000 after buying an additional 3,529 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in State Street by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 426,809 shares of the asset manager’s stock valued at $72,387,000 after acquiring an additional 19,035 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Key State Street News

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

• Positive Sentiment: State Street reported third-quarter earnings of $3.69 per share, narrowly exceeding the approximately $3.68 consensus estimate and rising from $2.78 a year earlier. Net income increased 27%, while revenue grew 12.9% year over year to roughly $4.00 billion. State Street Corporation Reports Third-Quarter 2026 Financial Results
• Positive Sentiment: Assets under custody and administration reached a record $59.2 trillion, while assets under management rose 16% to $6.3 trillion. Fee revenue increased 11%, management fees rose 20%, and net interest income climbed 21%, supporting the longer-term growth story. State Street Posts $4.0 Billion Revenue and $3.69 Third-Quarter EPS
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $230 and maintained an outperform rating, indicating substantial potential upside if State Street delivers on its outlook. These Analysts Revise Their Forecasts on State Street After Q3 Results
• Neutral Sentiment: Analyst reactions were mixed. Truist cut its target to $171 and rated the stock hold, while other firms adjusted forecasts after the results. This reinforces uncertainty about near-term earnings momentum. These Analysts Revise Their Forecasts on State Street After Q3 Results
• Negative Sentiment: Revenue of approximately $4.00 billion fell short of the roughly $4.03 billion forecast and declined sequentially. Investors also focused on weak net inflows and expectations for higher expenses, causing the stock to fall sharply after the earnings release despite the EPS beat. State Street Shares Fall as Q3 Revenue Misses Forecasts
• Negative Sentiment: A shareholder-investigation notice alleging potential securities-law violations adds an additional reputational and legal overhang, although the claims have not been established. State Street Investigation Notice

Analyst Ratings Changes

Several brokerages recently weighed in on STT. Weiss Ratings downgraded State Street from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, October 6th. Keefe, Bruyette & Woods lifted their price objective on shares of State Street from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday. Capital One Financial set a $200.00 price objective on shares of State Street in a research note on Tuesday, October 6th. TD Cowen initiated coverage on shares of State Street in a research note on Thursday, October 8th. They issued a “buy” rating and a $205.00 price objective on the stock. Finally, Barclays upped their price objective on shares of State Street from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, State Street presently has an average rating of “Moderate Buy” and an average target price of $191.91.

About State Street

State Street Corporation (NYSE: STT) is a financial services company that provides institutional investors, asset managers, asset owners, insurance companies, official institutions and other organizations with investment servicing, investment management and related financial services. Its offerings include custody and fund administration, accounting, transfer agency, collateral management, securities lending, foreign exchange, trading and other capital markets services.

Through State Street Investment Management, the company manages investment strategies and offers products such as exchange-traded funds, index strategies, active strategies and other portfolio solutions.