Q2 EPS Estimates for State Street Cut by Seaport Res Ptn

State Street Co. (NYSE:STT) – Investment analysts at Seaport Res Ptn dropped their Q2 2025 earnings estimates for State Street in a research note issued to investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will post earnings of $2.50 per share for the quarter, down from their prior forecast of $2.55. 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 FY2025 earnings at $9.80 EPS.

STT has been the subject of several other reports. StockNews.com cut State Street from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley dropped their target price on State Street from $139.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Citigroup reduced 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 lowered their price target on shares of State Street from $109.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. raised shares of State Street from an “underweight” rating to a “neutral” rating and set a $95.00 price objective for the company in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.07.

State Street Trading Down 1.7 %

Shares of STT stock opened at $75.01 on Monday. State Street has a 12-month low of $70.20 and a 12-month high of $103.00. The company has a market capitalization of $21.64 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.11 and a beta of 1.42. The firm has a 50 day moving average price of $92.58 and a two-hundred day moving average price of $94.25. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.03.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STT. IHT Wealth Management LLC acquired a new position in State Street in the 3rd quarter worth about $364,000. Royal London Asset Management Ltd. grew its holdings in shares of State Street by 2.8% during the third quarter. Royal London Asset Management Ltd. now owns 124,490 shares of the asset manager’s stock worth $10,919,000 after purchasing an additional 3,376 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of State Street by 35.1% in the third quarter. Quantinno Capital Management LP now owns 58,619 shares of the asset manager’s stock valued at $5,186,000 after buying an additional 15,235 shares during the period. Wellington Management Group LLP raised its holdings in State Street by 818.1% in the 3rd quarter. Wellington Management Group LLP now owns 518,697 shares of the asset manager’s stock valued at $45,889,000 after buying an additional 462,201 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in State Street during the 3rd quarter worth approximately $4,315,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at State Street

In other news, EVP Ann Fogarty sold 3,705 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.47, for a total value of $368,536.35. Following the completion of the transaction, the executive vice president now owns 50,816 shares of the company’s stock, valued at approximately $5,054,667.52. This represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory L. Summe sold 10,815 shares of State Street stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $100.00, for a total transaction of $1,081,500.00. Following the sale, the director now directly owns 100,023 shares in the company, valued at $10,002,300. This trade represents a 9.76 % 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 firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 4.05%. The ex-dividend date is Tuesday, April 1st. State Street’s payout ratio 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.