State Street Corporation $STT Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. cut its stake in State Street Corporation (NYSE:STT) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 219,333 shares of the asset manager’s stock after selling 9,349 shares during the period. Brown Brothers Harriman & Co. owned approximately 0.08% of State Street worth $25,445,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of STT. True Wealth Design LLC increased its holdings in shares of State Street by 166.3% during the 3rd quarter. True Wealth Design LLC now owns 253 shares of the asset manager’s stock worth $29,000 after buying an additional 158 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of State Street during the 3rd quarter worth about $35,000. SJS Investment Consulting Inc. increased its position in State Street by 2,142.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 314 shares of the asset manager’s stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Ameriflex Group Inc. raised its holdings in State Street by 102.5% in the third quarter. Ameriflex Group Inc. now owns 318 shares of the asset manager’s stock valued at $37,000 after buying an additional 161 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in State Street by 38.2% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 340 shares of the asset manager’s stock valued at $39,000 after buying an additional 94 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

State Street Stock Down 1.6%

NYSE:STT opened at $121.27 on Friday. The stock has a 50-day simple moving average of $128.92 and a 200 day simple moving average of $122.00. State Street Corporation has a one year low of $72.81 and a one year high of $137.05. The company has a market capitalization of $33.80 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61.

State Street (NYSE:STT) last issued its earnings results on Friday, January 16th. The asset manager reported $2.97 EPS for the quarter, topping the consensus estimate of $2.82 by $0.15. State Street had a return on equity of 13.46% and a net margin of 13.02%.The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm earned $2.60 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts predict that State Street Corporation will post 9.68 EPS for the current fiscal year.

State Street Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.84 per share. The ex-dividend date is Wednesday, April 1st. This represents a $3.36 annualized dividend and a yield of 2.8%. State Street’s dividend payout ratio is 35.71%.

Insider Buying and Selling

In other news, EVP John Plansky sold 16,100 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $124.32, for a total transaction of $2,001,552.00. Following the completion of the transaction, the executive vice president directly owned 56,162 shares of the company’s stock, valued at approximately $6,982,059.84. This represents a 22.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

Key Headlines Impacting State Street

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

• Positive Sentiment: State Street launched the State Street IG Public & Private ABS ETF (PRAB), targeting a large public/private credit opportunity (CLOs, MBS). This product can help SSGA gather fee‑bearing AUM in higher‑yield credit niches if it attracts flows. Read More.
• Positive Sentiment: A senior executive indicated Q1 revenue is likely to exceed earlier expectations—if realized, better revenue trajectory would support earnings and fee income visibility. Read More.
• Neutral Sentiment: State Street-affiliated ETFs (SSGA) in sectors like energy are performing well, reflecting broader market moves; positive fund performance can help asset-gathering but is only indirectly supportive of STT’s stock. Read More.
• Neutral Sentiment: State Street entities reduced or exited substantial holdings in several Australian-listed companies (Liontown, Nick Scali, PWR). These are portfolio/ fund-level adjustments by State Street’s passive/active platforms and don’t directly imply a change to STT’s corporate fundamentals. Read More.
• Negative Sentiment: EVP John Plansky sold 16,100 shares (~$2.0M) and reduced his holdings ~22%. Insider selling can weigh on sentiment, especially when it’s a material reduction by a senior executive. Read More.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of State Street in a research note on Wednesday, January 7th. Wall Street Zen raised shares of State Street from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Morgan Stanley decreased their target price on State Street from $168.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Citigroup began coverage on State Street in a research note on Monday, February 23rd. They issued a “buy” rating and a $150.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of State Street in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, State Street currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.83.

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.