State Street Corporation $STT Shares Sold by NewEdge Advisors LLC

13 Aug 2026, 04:53 by Teresa Graham · The Cerbat Gem

NewEdge Advisors LLC trimmed its holdings in State Street Corporation (NYSE:STT – Free Report) by 10.1% during the first quarter, Holdings Channel reports. The institutional investor owned 29,102 shares of the asset manager’s stock after selling 3,255 shares during the period. NewEdge Advisors LLC’s holdings in State Street were worth $3,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Regents of The University of California boosted its position in shares of State Street by 211.2% in the fourth quarter. Regents of The University of California now owns 8,706,195 shares of the asset manager’s stock worth $1,123,186,000 after acquiring an additional 5,908,370 shares during the last quarter. Norges Bank acquired a new position in State Street during the fourth quarter worth approximately $303,483,000. Pinebridge Investments LLC acquired a new position in State Street during the fourth quarter worth approximately $178,705,000. Victory Capital Management Inc. raised its stake in State Street by 30.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,559,546 shares of the asset manager’s stock worth $588,227,000 after purchasing an additional 1,074,174 shares during the period. Finally, Two Sigma Investments LP raised its stake in State Street by 261.0% during the third quarter. Two Sigma Investments LP now owns 1,217,802 shares of the asset manager’s stock worth $141,277,000 after purchasing an additional 880,507 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

State Street Price Performance

STT opened at $190.08 on Thursday. State Street Corporation has a twelve month low of $104.64 and a twelve month high of $192.51. The firm has a market cap of $52.21 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.77 and a beta of 1.41. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $176.51 and a 200 day simple moving average of $150.98.

State Street (NYSE:STT – Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The asset manager reported $3.65 EPS for the quarter, topping the consensus estimate of $3.34 by $0.31. State Street had a return on equity of 15.26% and a net margin of 15.02%.The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.88 billion. During the same quarter in the previous year, the firm posted $2.04 earnings per share. The company’s revenue was up 23.3% compared to the same quarter last year. Equities research analysts expect that State Street Corporation will post 13.75 EPS for the current fiscal year.

State Street Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Thursday, October 1st will be paid a $0.92 dividend. This is a boost from State Street’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, October 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. State Street’s dividend payout ratio (DPR) is currently 29.63%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Truist Financial reissued a “hold” rating and set a $191.00 price objective (up from $176.00) on shares of State Street in a research note on Friday, July 17th. The Goldman Sachs Group increased their target price on State Street from $168.00 to $194.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Bank of America lifted their target price on State Street from $160.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. UBS Group set a $176.00 price target on State Street in a research report on Friday, June 26th. Finally, Barclays upped their price target on State Street from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.38.

View Our Latest Analysis on State Street

Insider Buying and Selling at State Street

In other State Street news, EVP Michael L. Richards sold 1,500 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $162.14, for a total transaction of $243,210.00. Following the transaction, the executive vice president owned 41,827 shares of the company’s stock, valued at $6,781,829.78. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP W. Bradford Hu sold 9,758 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $184.52, for a total value of $1,800,546.16. Following the transaction, the executive vice president owned 49,794 shares in the company, valued at $9,187,988.88. This trade represents a 16.39% 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 49,576 shares of company stock worth $8,415,875 over the last quarter. 0.27% of the stock is owned by corporate insiders.

State Street Profile

(Free Report)

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.