Gamco Investors INC. ET AL lessened its holdings in State Street Corporation (NYSE:STT – Free Report) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459,673 shares of the asset manager’s stock after selling 36,117 shares during the quarter. Gamco Investors INC. ET AL’s holdings in State Street were worth $58,176,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wilkerson Advisory Group LLC purchased a new position in shares of State Street during the 4th quarter worth approximately $29,000. Phillip James Consulting Co. purchased a new stake in shares of State Street in the fourth quarter valued at approximately $30,000. JPL Wealth Management LLC acquired a new position in State Street during the third quarter worth $29,000. Whipplewood Advisors LLC purchased a new position in State Street in the first quarter worth $34,000. Finally, Reflection Asset Management purchased a new position in State Street in the fourth quarter worth $35,000. Institutional investors and hedge funds own 87.44% of the company’s stock.
State Street News Roundup
Here are the key news stories impacting State Street this week:
- Positive Sentiment: Analysts remain constructive on State Street, with coverage citing it as one of the more bullish financial stocks and Zacks Research upgrading the shares from hold to strong-buy. Article: Analysts Are Bullish on These Financial Stocks: State Street (STT), Galaxy Digital (GLXY)
- Positive Sentiment: A new article asks whether State Street’s strong second-quarter earnings and higher payouts strengthen the bull case, highlighting investor optimism around improved fundamentals and shareholder returns. Article: Does Strong Q2 Earnings and Higher Payouts Change The Bull Case For State Street (STT)?
- Positive Sentiment: State Street’s latest quarterly results were strong, with earnings and revenue beating estimates and revenue rising sharply year over year, reinforcing the view that the company’s core business is performing well. Article: State Street (STT) Q2 2026 Earnings Call Transcript
- Positive Sentiment: State Street Bank issued $750 million of senior notes, which should bolster funding flexibility and may be viewed as prudent balance-sheet management. Article: State Street Bank Boosts Funding Through Senior Notes
- Neutral Sentiment: State Street and the NYSE are set to celebrate “Fearless Girl,” a brand/marketing event that is unlikely to materially affect earnings or valuation. Article: NYSE Content Update: State Street + NYSE to Celebrate ‘Fearless Girl’
- Neutral Sentiment: State Street exited a substantial holding in Mesoblast, but the stake change appears more like portfolio repositioning than a direct driver for STT’s own stock. Article: State Street Exits Substantial Holding in Mesoblast
- Neutral Sentiment: Coverage describing State Street’s valuation as facing a “crucial test” after strong growth suggests investors are still weighing whether the rally can be sustained. Article: State Street (NYSE:STT) Valuation Faces A Crucial Test After Strong Growth
Analysts Set New Price Targets
Check Out Our Latest Research Report on State Street
Insider Buying and Selling
In related news, EVP Michael L. Richards sold 1,500 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $162.14, for a total value of $243,210.00. Following the sale, the executive vice president directly owned 41,827 shares in the company, valued at $6,781,829.78. The trade was a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hanley Ronald P. O sold 14,553 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.35, for a total transaction of $2,260,808.55. Following the completion of the sale, the chief executive officer directly owned 255,512 shares in the company, valued at approximately $39,693,789.20. The trade was a 5.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 25,265 shares of company stock worth $3,935,103 in the last three months. Corporate insiders own 0.27% of the company’s stock.
State Street Stock Performance
Shares of STT stock opened at $185.25 on Friday. The stock has a fifty day moving average price of $169.06 and a 200 day moving average price of $145.99. The stock has a market cap of $51.27 billion, a PE ratio of 16.34, a P/E/G ratio of 0.76 and a beta of 1.42. State Street Corporation has a 1 year low of $104.64 and a 1 year high of $192.51. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.57 and a current ratio of 0.59.
State Street (NYSE:STT – Get Free Report) last posted its earnings results on Thursday, July 16th. The asset manager reported $3.65 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.31. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.88 billion. State Street had a return on equity of 15.26% and a net margin of 15.02%.State Street’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.04 earnings per share. Sell-side analysts forecast that State Street Corporation will post 13.68 earnings per share for the current fiscal year.
State Street Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.92 per share. This is a boost from State Street’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. State Street’s dividend payout ratio is presently 32.45%.
About State Street
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.
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