State Street Co. (NYSE:STT - Free Report) - Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for shares of State Street in a research note issued to investors on Thursday, February 6th. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings per share of $1.92 for the quarter, up from their previous estimate of $1.80. The consensus estimate for State Street's current full-year earnings is $9.60 per share. Zacks Research also issued estimates for State Street's Q4 2025 earnings at $2.62 EPS, FY2025 earnings at $9.47 EPS, Q1 2026 earnings at $2.15 EPS and FY2027 earnings at $11.08 EPS.
State Street (NYSE:STT - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.31. State Street had a return on equity of 12.60% and a net margin of 12.14%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same period in the prior year, the company posted $2.04 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year.
Several other equities analysts have also issued reports on STT. Truist Financial cut their price target on State Street from $106.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upgraded shares of State Street from a "market perform" rating to an "outperform" rating and upped their target price for the company from $105.00 to $120.00 in a research report on Tuesday, December 3rd. StockNews.com raised shares of State Street from a "hold" rating to a "buy" rating in a research note on Saturday, January 25th. Wolfe Research raised shares of State Street from an "underperform" rating to a "peer perform" rating in a research note on Monday, January 27th. Finally, Evercore ISI raised their price objective on shares of State Street from $89.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, State Street presently has an average rating of "Hold" and a consensus price target of $100.73.
Check Out Our Latest Research Report on STT
NYSE STT opened at $99.44 on Monday. The stock's 50 day simple moving average is $98.53 and its 200 day simple moving average is $91.76. State Street has a one year low of $70.20 and a one year high of $103.00. The firm has a market cap of $29.15 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.56 and a quick ratio of 0.56.
Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of State Street by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,169,070 shares of the asset manager's stock worth $632,111,000 after purchasing an additional 41,442 shares in the last quarter. FMR LLC boosted its stake in shares of State Street by 15.8% in the third quarter. FMR LLC now owns 6,112,758 shares of the asset manager's stock valued at $540,796,000 after buying an additional 833,679 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in State Street by 30.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,811,415 shares of the asset manager's stock worth $514,136,000 after buying an additional 1,354,560 shares in the last quarter. Amundi grew its position in State Street by 11.1% during the fourth quarter. Amundi now owns 5,602,547 shares of the asset manager's stock worth $547,636,000 after buying an additional 561,773 shares in the last quarter. Finally, Metropolis Capital Ltd increased its stake in State Street by 3.9% during the 3rd quarter. Metropolis Capital Ltd now owns 4,286,306 shares of the asset manager's stock worth $379,209,000 after acquiring an additional 161,466 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.
In other State Street news, EVP Kathryn M. Horgan sold 12,500 shares of State Street stock in a transaction on Monday, November 25th. The shares were sold at an average price of $97.97, for a total transaction of $1,224,625.00. Following the completion of the transaction, the executive vice president now directly owns 111,042 shares of the company's stock, valued at $10,878,784.74. The trade was a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, January 2nd. State Street's dividend payout ratio (DPR) is presently 36.89%.
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.
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