Sterling Capital Management LLC Sells 5,748 Shares of State Street Corporation $STT

Sterling Capital Management LLC lessened its holdings in State Street Corporation (NYSE:STT) by 16.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,546 shares of the asset manager’s stock after selling 5,748 shares during the period. Sterling Capital Management LLC’s holdings in State Street were worth $3,613,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in STT. Venturi Wealth Management LLC bought a new position in State Street in the 1st quarter worth about $222,000. Stokes Capital Advisors LLC bought a new stake in shares of State Street during the 1st quarter valued at about $389,000. Louisiana State Employees Retirement System purchased a new position in shares of State Street during the first quarter worth about $1,797,000. Fairvoy Private Wealth LLC bought a new position in shares of State Street in the first quarter worth approximately $1,665,000. Finally, Fiduciary Alliance LLC increased its position in shares of State Street by 81.4% in the first quarter. Fiduciary Alliance LLC now owns 10,817 shares of the asset manager’s stock worth $1,369,000 after purchasing an additional 4,855 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Activity

In other State Street 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 transaction, the executive vice president owned 41,827 shares in the company, valued at approximately $6,781,829.78. The trade was a 3.46% 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, EVP W. Bradford Hu sold 9,212 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.35, for a total transaction of $1,431,084.20. Following the transaction, the executive vice president directly owned 59,552 shares of the company’s stock, valued at approximately $9,251,403.20. This trade represents a 13.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 37,876 shares of company stock valued at $5,866,583. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STT. Bank of America upgraded shares of State Street from an “underperform” rating to a “neutral” rating and set a $143.00 target price for the company in a research report on Monday, April 6th. UBS Group set a $176.00 price objective on shares of State Street in a research report on Friday. Barclays set a $165.00 price objective on shares of State Street in a report on Monday, April 20th. Seaport Research Partners reiterated a “buy” rating and issued a $170.00 target price on shares of State Street in a research report on Monday, April 20th. Finally, Keefe, Bruyette & Woods increased their target price on State Street from $157.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.16.

State Street Price Performance

STT stock opened at $168.44 on Friday. The firm has a market cap of $46.62 billion, a P/E ratio of 17.08, a P/E/G ratio of 0.92 and a beta of 1.43. The firm’s fifty day moving average is $157.67 and its 200 day moving average is $139.01. State Street Corporation has a 52 week low of $101.98 and a 52 week high of $175.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.57 and a current ratio of 0.57.

State Street (NYSE:STT) last posted its quarterly earnings results on Friday, April 17th. The asset manager reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.20. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.59 billion. State Street had a net margin of 13.47% and a return on equity of 14.22%. The company’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 earnings per share. Research analysts predict that State Street Corporation will post 12.43 earnings per share for the current year.

State Street Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, July 1st. State Street’s payout ratio is presently 34.08%.

Key Stories Impacting State Street

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

• Positive Sentiment: State Street plans to increase its quarterly dividend by 10% after passing the 2026 stress test, reinforcing its capital strength and shareholder-return story. STT Announces Plan for 10% Dividend Hike Post 2026 Stress Test Results
• Positive Sentiment: Truist Financial raised its price target on State Street to $176 from $150, implying continued upside potential even while keeping a hold rating. State Street price target raised by Truist Financial Corporation
• Positive Sentiment: Wall Street expectations for State Street’s upcoming Q2 earnings point to another double-digit EPS increase, which could support sentiment if results confirm the trend. State Street Corporation’s Q2 2026 Earnings: What to Expect
• Neutral Sentiment: Barclays kept a hold rating on State Street, and another analyst update also suggests investors remain constructive but not aggressively bullish at current levels. Barclays Remains a Hold on State Street (STT)
• Neutral Sentiment: Commentary on State Street’s 65% annual stock gain and current valuation suggests investors are debating whether the rally has already priced in a lot of good news. State Street (STT) Stock After 65% Year Gain Are Recent Valuation Signals Justified

State Street 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.