State Street (NYSE:STT) Given New $230.00 Price Target at Keefe, Bruyette & Woods

State Street (NYSE:STT) had its target price lifted by investment analysts at Keefe, Bruyette & Woods from $220.00 to $230.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 37.98% from the company’s current price.

Several other research analysts have also recently issued reports on STT. The Goldman Sachs Group raised their target price on shares of State Street from $168.00 to $194.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. TD Cowen assumed coverage on shares of State Street in a report on Thursday, October 8th. They issued a “buy” rating and a $205.00 price target on the stock. Barclays increased their price target on State Street from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. lifted their price objective on State Street from $187.00 to $187.50 and gave the company a “neutral” rating in a research note on Friday, October 2nd. Finally, BMO Capital Markets reduced their price objective on State Street from $212.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.26.

State Street Trading Down 4.3%

Shares of NYSE:STT opened at $166.69 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $45.79 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.83 and a beta of 1.41. The business’s 50-day moving average is $184.93 and its 200 day moving average is $169.28. State Street has a 1 year low of $104.64 and a 1 year high of $195.93.

State Street (NYSE:STT) last issued its quarterly earnings results on Wednesday, October 14th. The asset manager reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.01. State Street had a return on equity of 15.26% and a net margin of 15.02%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the firm posted $2.78 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, research analysts predict that State Street will post 13.80 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Hanley Ronald P. O sold 14,553 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $184.17, for a total value of $2,680,226.01. Following the completion of the transaction, the chief executive officer directly owned 240,959 shares of the company’s stock, valued at approximately $44,377,419.03. This represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP W. Hu sold 9,758 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $184.52, for a total value of $1,800,546.16. Following the completion of the transaction, the executive vice president owned 49,794 shares in the company, valued at $9,187,988.88. The trade was a 16.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On State Street

Hedge funds and other institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. raised its holdings in State Street by 14.5% in the 2nd quarter. QRG Capital Management Inc. now owns 50,753 shares of the asset manager’s stock valued at $8,608,000 after acquiring an additional 6,420 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in State Street by 106.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,859 shares of the asset manager’s stock worth $1,163,000 after purchasing an additional 3,529 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in State Street by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 426,809 shares of the asset manager’s stock worth $72,387,000 after purchasing an additional 19,035 shares in the last quarter. State Street Corp boosted its holdings in shares of State Street by 1.2% during the 2nd quarter. State Street Corp now owns 13,538,311 shares of the asset manager’s stock worth $2,296,098,000 after purchasing an additional 163,362 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA boosted its holdings in shares of State Street by 27.0% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 24,958 shares of the asset manager’s stock worth $4,233,000 after purchasing an additional 5,313 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

State Street News Roundup

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

• Positive Sentiment: State Street reported third-quarter adjusted earnings of $3.69 per share, ahead of the approximately $3.68 consensus estimate and up from $2.78 a year earlier. Net income increased 27% year over year, while revenue rose 12.9% to roughly $4.00 billion. State Street Corporation Reports Third-Quarter 2026 Financial Results
• Positive Sentiment: Asset growth was a major bright spot: assets under custody and administration reached a record $59.2 trillion, up 15% year over year, while assets under management climbed 16% to $6.3 trillion. Fee revenue rose 11%, management fees increased 20%, and net interest income grew 21%. State Street Posts Third-Quarter Revenue and EPS
• Positive Sentiment: State Street returned $651 million to common shareholders through $400 million of share repurchases and $251 million in dividends. The company also updated its fiscal-year outlook, providing some support for the longer-term earnings case. State Street Q3 2026 Earnings and Outlook
• Neutral Sentiment: State Street elected Alexander Vollert as an independent director and redeemed senior notes. These developments affect governance and capital structure but were not the primary drivers of the market reaction. State Street Posts Q3 Results and Redeems Senior Notes
• Negative Sentiment: Revenue of $4.004 billion fell slightly short of Wall Street’s roughly $4.03 billion forecast and declined sequentially. Investors were especially concerned about disappointing fee revenue, weak net inflows and expectations for rising expenses, despite the EPS beat. State Street Q3 Earnings as Fee Revenue Disappoints
• Negative Sentiment: A securities-law investigation was announced following the earnings-related selloff. The notice comes from an investor law firm and does not establish wrongdoing, but it adds uncertainty and may weigh on sentiment. Unusually heavy put-option activity also signals increased near-term hedging. State Street Investigation Notice

About State Street

State Street Corporation (NYSE: STT) is a financial services company that provides institutional investors, asset managers, asset owners, insurance companies, official institutions and other organizations with investment servicing, investment management and related financial services. Its offerings include custody and fund administration, accounting, transfer agency, collateral management, securities lending, foreign exchange, trading and other capital markets services.

Through State Street Investment Management, the company manages investment strategies and offers products such as exchange-traded funds, index strategies, active strategies and other portfolio solutions.