Rep. Julia Letlow Sells Off Shares of State Street Corporation (NYSE:STT)

Representative Julia Letlow (R-Louisiana) recently sold shares of State Street Corporation (NYSE:STT). In a filing disclosed on January 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in State Street stock on November 21st. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Pinterest (NYSE:PINS) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Warner Bros. Discovery (NASDAQ:WBD) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Mettler-Toledo International (NYSE:MTD) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Icon Energy (NASDAQ:ICON) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of AstraZeneca (NASDAQ:AZN) on 12/8/2025.

State Street Price Performance

STT stock opened at $136.11 on Friday. The stock has a market cap of $38.02 billion, a PE ratio of 14.40, a P/E/G ratio of 0.90 and a beta of 1.43. State Street Corporation has a 12 month low of $72.81 and a 12 month high of $137.05. The company has a 50-day moving average price of $125.07 and a 200 day moving average price of $116.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.03.

State Street (NYSE:STT) last announced its quarterly earnings data on Friday, October 17th. The asset manager reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.21. State Street had a net margin of 13.14% and a return on equity of 13.37%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm earned $2.26 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that State Street Corporation will post 9.68 earnings per share for the current year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Friday, January 2nd were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, January 2nd. State Street’s dividend payout ratio (DPR) is 35.56%.

Key Headlines Impacting State Street

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

• Positive Sentiment: State Street launched a new Digital Asset Platform to power tokenized finance — a scalable custody/issuance infrastructure that positions STT as a bridge between traditional and blockchain-native markets; this is likely viewed positively as it opens fee and asset-gathering opportunities. State Street Launches Digital Asset Platform
• Positive Sentiment: Multiple reports confirm State Street will roll out tokenized products and an infrastructure platform for tokenized assets — reinforcing the company’s strategic move beyond pilots into commercial offerings for institutional clients. State Street Deploys Infrastructure Platform for Tokenized Assets
• Positive Sentiment: State Street backs Groww AMC with a strategic minority investment (subject to regulatory approval), expanding its footprint in India — a growth market that could boost AUM and product distribution over time. State Street Backs Groww AMC
• Neutral Sentiment: Analysts and previews point to higher Q4 earnings expectations ahead of STT’s upcoming report, which is likely driving pre-earnings optimism; results will be the immediate catalyst. State Street Q4 Earnings Report Preview
• Neutral Sentiment: Income-focused product attention: coverage highlighting State Street’s JNK ETF (monthly income and long distribution history) may modestly support investor interest in the firm’s ETF franchises. State Street’s JNK ETF Pays 6.5% Monthly Income
• Positive Sentiment: Some analysts have raised price targets and revised forecasts ahead of earnings, which supports the bullish tone into the report. Price Target Increased
• Negative Sentiment: Truist Financial downgraded STT to a Hold, which introduces near-term headwinds if other sell-side firms follow suit. Downgrade to Hold at Truist

Hedge Funds Weigh In On State Street

Several institutional investors have recently made changes to their positions in STT. Brighton Jones LLC bought a new position in State Street during the 4th quarter worth about $296,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of State Street by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,223 shares of the asset manager’s stock valued at $2,885,000 after purchasing an additional 918 shares in the last quarter. NewEdge Advisors LLC increased its holdings in State Street by 105.2% during the first quarter. NewEdge Advisors LLC now owns 10,193 shares of the asset manager’s stock valued at $913,000 after buying an additional 5,226 shares during the period. Empowered Funds LLC increased its holdings in State Street by 220.1% during the first quarter. Empowered Funds LLC now owns 23,263 shares of the asset manager’s stock valued at $2,065,000 after buying an additional 15,996 shares during the period. Finally, Woodline Partners LP raised its stake in State Street by 38.4% in the first quarter. Woodline Partners LP now owns 24,372 shares of the asset manager’s stock worth $2,182,000 after buying an additional 6,767 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insider Transactions at State Street

In other news, EVP Michael L. Richards sold 1,500 shares of State Street stock in a transaction on Monday, October 27th. The stock was sold at an average price of $117.24, for a total value of $175,860.00. Following the transaction, the executive vice president directly owned 38,626 shares in the company, valued at approximately $4,528,512.24. This trade represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STT. Citigroup increased their price target on State Street from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, December 30th. Evercore ISI increased their target price on State Street from $117.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Truist Financial reiterated a “hold” rating and set a $138.00 target price (up from $131.00) on shares of State Street in a research report on Wednesday, January 7th. Loop Capital set a $144.00 target price on shares of State Street in a research note on Tuesday, January 6th. Finally, TD Cowen raised their price target on shares of State Street from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.77.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

State Street Company Profile

State Street Corporation is a global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors. Its principal activities include custody and fund administration, securities lending, performance and risk analytics, trading and execution services, and foreign exchange. The company also offers investment management through State Street Global Advisors, a major provider of exchange-traded funds and institutional investment strategies.

State Street serves a broad client base of asset managers, insurance companies, pension funds, endowments, and other institutions across North America, Europe, Asia and other global markets.