Seaport Res Ptn Expects Increased Earnings for State Street

State Street Co. (NYSE:STTFree Report) – Equities research analysts at Seaport Res Ptn boosted their Q1 2025 EPS estimates for shares of State Street in a research note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will earn $2.01 per share for the quarter, up from their prior estimate of $1.87. The consensus estimate for State Street’s current full-year earnings is $9.43 per share. Seaport Res Ptn also issued estimates for State Street’s Q2 2025 earnings at $2.55 EPS, Q3 2025 earnings at $2.54 EPS, Q4 2025 earnings at $2.75 EPS, FY2025 earnings at $9.85 EPS, Q1 2026 earnings at $2.25 EPS, Q3 2026 earnings at $2.91 EPS, Q4 2026 earnings at $3.17 EPS and FY2026 earnings at $11.20 EPS.

A number of other analysts have also recently weighed in on STT. Keefe, Bruyette & Woods upgraded shares of State Street from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $105.00 to $120.00 in a research report on Tuesday, December 3rd. Barclays increased their price objective on shares of State Street from $108.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Evercore ISI lifted their target price on State Street from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upgraded State Street from an “underweight” rating to a “neutral” rating and set a $95.00 price target on the stock in a research report on Friday, December 20th. Finally, Wells Fargo & Company raised their price target on State Street from $108.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $100.73.

Check Out Our Latest Analysis on State Street

State Street Stock Performance

STT stock opened at $99.09 on Friday. The stock’s 50 day simple moving average is $98.00 and its 200 day simple moving average is $90.36. State Street has a 12-month low of $70.20 and a 12-month high of $101.91. The firm has a market cap of $29.05 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.11 and a beta of 1.43. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.03.

State Street (NYSE:STTGet Free Report) last announced its quarterly earnings data on Friday, January 17th. The asset manager reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.31. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3,267,560 billion. State Street had a return on equity of 12.60% and a net margin of 12.14%. State Street’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.04 earnings per share.

Institutional Investors Weigh In On State Street

Hedge funds and other institutional investors have recently bought and sold shares of the business. Albion Financial Group UT acquired a new position in shares of State Street in the 4th quarter worth approximately $25,000. Coastline Trust Co bought a new stake in State Street during the third quarter worth approximately $44,000. Friedenthal Financial acquired a new position in State Street in the fourth quarter worth approximately $49,000. Capital Performance Advisors LLP bought a new position in shares of State Street in the third quarter valued at $54,000. Finally, R Squared Ltd acquired a new stake in shares of State Street during the 4th quarter valued at $58,000. 87.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Kathryn M. Horgan sold 12,500 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $97.97, for a total value of $1,224,625.00. Following the completion of the sale, the executive vice president now owns 111,042 shares in the company, valued at $10,878,784.74. This represents a 10.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.31% of the company’s stock.

State Street Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, January 2nd. State Street’s dividend payout ratio is currently 36.89%.

State Street Company Profile

(Get Free Report)

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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Earnings History and Estimates for State Street (NYSE:STT)

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