State Street (NYSE:STT) Sets New 1-Year High – Still a Buy?

Shares of State Street Corporation (NYSE:STT) reached a new 52-week high on Tuesday . The stock traded as high as $164.05 and last traded at $163.17, with a volume of 141624 shares trading hands. The stock had previously closed at $161.81.

More State Street News

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

• Positive Sentiment: State Street highlighted its presentation at the Morgan Stanley US Financials Conference, which can reinforce investor focus on management’s outlook and strategy. State Street Corporation (STT) Presents at Morgan Stanley US Financials Conference 2026 Transcript
• Positive Sentiment: Analysts remain constructive on STT, with recent price target increases from Wells Fargo and Morgan Stanley, supporting the case that the shares still have upside after strong quarterly results. KEY vs. STT: Which Stock Is the Better Value Option?
• Neutral Sentiment: State Street EVP Michael Richards sold 1,500 shares for about $243,210, a modest insider sale that may draw attention but does not by itself signal a major change in fundamentals. State Street (NYSE:STT) EVP Michael Richards Sells 1,500 Shares
• Neutral Sentiment: State Street also exited substantial holdings in several non-U.S. companies such as Deterra Royalties, Nick Scali, and Bapcor; this reflects portfolio rebalancing more than a direct catalyst for STT shares. State Street Entities Exit Substantial Holder Position in Deterra Royalties
• Negative Sentiment: The insider sale may be viewed as a small caution flag, especially with STT near its 52-week high, as some investors may worry insiders are trimming into strength. State Street stock insider trades

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Argus lifted their price objective on State Street from $140.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Keefe, Bruyette & Woods lifted their price objective on State Street from $157.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Evercore set a $158.00 price objective on State Street and gave the company an “outperform” rating in a report on Monday, April 20th. Seaport Research Partners restated a “buy” rating and issued a $170.00 price objective on shares of State Street in a report on Monday, April 20th. Finally, Barclays set a $165.00 price objective on State Street in a report on Monday, April 20th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.57.

State Street Price Performance

The firm has a market capitalization of $44.91 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s fifty day simple moving average is $149.29 and its 200 day simple moving average is $134.85.

State Street (NYSE:STT) last posted its quarterly earnings data 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. State Street had a net margin of 13.47% and a return on equity of 14.22%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company posted $2.04 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts predict that State Street Corporation will post 12.35 EPS for the current year.

State Street Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.84 per share. The ex-dividend date is Wednesday, July 1st. This represents a $3.36 annualized dividend and a dividend yield of 2.1%. State Street’s dividend payout ratio is 34.08%.

Insider Activity at State Street

In other news, CEO Hanley Ronald P. O sold 14,553 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 $2,260,808.55. Following the transaction, the chief executive officer owned 255,512 shares in the company, valued at $39,693,789.20. This represents a 5.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mostapha Tahiri sold 9,611 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $152.93, for a total transaction of $1,469,810.23. Following the transaction, the chief operating officer owned 64,642 shares in the company, valued at approximately $9,885,701.06. This trade represents a 12.94% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 37,876 shares of company stock worth $5,866,583. 0.27% of the stock is owned by insiders.

Hedge Funds Weigh In On State Street

Several hedge funds have recently modified their holdings of the stock. Impax Asset Management Group plc boosted its position in State Street by 49.2% in the third quarter. Impax Asset Management Group plc now owns 127,984 shares of the asset manager’s stock valued at $14,847,000 after buying an additional 42,198 shares during the last quarter. Nordea Investment Management AB boosted its position in State Street by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 2,829,271 shares of the asset manager’s stock valued at $367,041,000 after buying an additional 377,568 shares during the last quarter. Caprock Group LLC purchased a new stake in State Street in the third quarter valued at approximately $2,296,000. ABN Amro Investment Solutions purchased a new stake in State Street in the third quarter valued at approximately $4,193,000. Finally, BTC Capital Management Inc. purchased a new stake in State Street in the third quarter valued at approximately $3,012,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

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.