Q1 EPS Estimates for State Street Boosted by Seaport Res Ptn

State Street Co. (NYSE:STT) – Equities researchers at Seaport Res Ptn upped their Q1 2025 EPS estimates for State Street in a research note issued to investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will earn $2.02 per share for the quarter, up from their prior estimate of $2.01. The consensus estimate for State Street’s current full-year earnings is $9.68 per share. Seaport Res Ptn also issued estimates for State Street’s Q1 2025 earnings at $2.02 EPS, Q1 2026 earnings at $2.27 EPS, Q1 2026 earnings at $2.27 EPS, Q2 2026 earnings at $2.86 EPS, Q2 2026 earnings at $2.86 EPS, Q3 2026 earnings at $2.90 EPS and Q3 2026 earnings at $2.90 EPS.

State Street (NYSE:STT) last issued its earnings results on Friday, January 17th. The asset manager reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.31. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.27 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 EPS.

Several other research firms also recently commented on STT. Citigroup decreased their target price on shares of State Street from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Evercore ISI decreased their price objective on shares of State Street from $109.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday. Truist Financial cut their target price on State Street from $104.00 to $89.00 and set a “hold” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price target on State Street from $118.00 to $113.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, Barclays boosted their target price on State Street from $108.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.07.

State Street Trading Down 8.0 %

NYSE:STT opened at $76.23 on Friday. The company has a market capitalization of $21.99 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.11 and a beta of 1.42. The stock’s 50 day moving average price is $94.09 and its 200 day moving average price is $94.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.56 and a current ratio of 0.56. State Street has a 52 week low of $70.20 and a 52 week high of $103.00.

Hedge Funds Weigh In On State Street

Hedge funds and other institutional investors have recently made changes to their positions in the business. Albion Financial Group UT acquired a new position in State Street in the fourth quarter worth about $25,000. Y.D. More Investments Ltd grew its stake in shares of State Street by 116.6% in the 4th quarter. Y.D. More Investments Ltd now owns 366 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 197 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of State Street in the 4th quarter worth approximately $42,000. Coppell Advisory Solutions LLC lifted its position in shares of State Street by 2,942.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager’s stock worth $42,000 after buying an additional 412 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in State Street by 187.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager’s stock valued at $47,000 after buying an additional 311 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gregory L. Summe sold 10,815 shares of State Street stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the sale, the director now owns 100,023 shares of the company’s stock, valued at approximately $10,002,300. This trade represents a 9.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Fogarty sold 3,705 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total value of $368,536.35. Following the sale, the executive vice president now owns 50,816 shares in the company, valued at approximately $5,054,667.52. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, April 1st. State Street’s dividend payout ratio (DPR) is presently 36.89%.

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.