Bank of Nova Scotia Sells 2,734 Shares of State Street Corporation $STT

Bank of Nova Scotia trimmed its holdings in shares of State Street Corporation (NYSE:STT) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,886 shares of the asset manager’s stock after selling 2,734 shares during the quarter. Bank of Nova Scotia’s holdings in State Street were worth $11,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in STT. Wilkerson Advisory Group LLC purchased a new stake in shares of State Street in the 4th quarter valued at about $29,000. JPL Wealth Management LLC purchased a new stake in State Street in the third quarter valued at approximately $29,000. Phillip James Consulting Co. bought a new stake in State Street during the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new stake in State Street during the first quarter valued at approximately $34,000. Finally, Reflection Asset Management purchased a new position in State Street in the 4th quarter worth approximately $35,000. 87.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group set a $176.00 price target on shares of State Street in a report on Friday, June 26th. Evercore set a $200.00 target price on State Street in a research note on Monday, July 20th. Seaport Research Partners restated a “buy” rating and set a $170.00 price target on shares of State Street in a research report on Monday, April 20th. Morgan Stanley lifted their price target on State Street from $183.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised State Street from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, State Street currently has an average rating of “Moderate Buy” and a consensus target price of $184.72.

Key Headlines Impacting State Street

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

• Positive Sentiment: Analysts remain constructive on State Street, with coverage citing it as one of the more bullish financial stocks and Zacks Research upgrading the shares from hold to strong-buy. Article: Analysts Are Bullish on These Financial Stocks: State Street (STT), Galaxy Digital (GLXY)
• Positive Sentiment: A new article asks whether State Street’s strong second-quarter earnings and higher payouts strengthen the bull case, highlighting investor optimism around improved fundamentals and shareholder returns. Article: Does Strong Q2 Earnings and Higher Payouts Change The Bull Case For State Street (STT)?
• Positive Sentiment: State Street’s latest quarterly results were strong, with earnings and revenue beating estimates and revenue rising sharply year over year, reinforcing the view that the company’s core business is performing well. Article: State Street (STT) Q2 2026 Earnings Call Transcript
• Positive Sentiment: State Street Bank issued $750 million of senior notes, which should bolster funding flexibility and may be viewed as prudent balance-sheet management. Article: State Street Bank Boosts Funding Through Senior Notes
• Neutral Sentiment: State Street and the NYSE are set to celebrate “Fearless Girl,” a brand/marketing event that is unlikely to materially affect earnings or valuation. Article: NYSE Content Update: State Street + NYSE to Celebrate ‘Fearless Girl’
• Neutral Sentiment: State Street exited a substantial holding in Mesoblast, but the stake change appears more like portfolio repositioning than a direct driver for STT’s own stock. Article: State Street Exits Substantial Holding in Mesoblast
• Neutral Sentiment: Coverage describing State Street’s valuation as facing a “crucial test” after strong growth suggests investors are still weighing whether the rally can be sustained. Article: State Street (NYSE:STT) Valuation Faces A Crucial Test After Strong Growth

State Street Stock Performance

NYSE STT opened at $185.25 on Monday. The company has a 50-day simple moving average of $169.06 and a two-hundred day simple moving average of $146.08. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.04. State Street Corporation has a 12-month low of $104.64 and a 12-month high of $192.51. The firm has a market cap of $51.27 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.77 and a beta of 1.42.

State Street (NYSE:STT) last announced its quarterly earnings data on Thursday, July 16th. The asset manager reported $3.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.31. State Street had a return on equity of 15.26% and a net margin of 15.02%.The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.88 billion. During the same period last year, the firm earned $2.04 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, equities analysts forecast that State Street Corporation will post 13.68 EPS for the current year.

State Street Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Thursday, October 1st will be given a $0.92 dividend. The ex-dividend date is Thursday, October 1st. This is an increase from State Street’s previous quarterly dividend of $0.84. This represents a $3.68 annualized dividend and a yield of 2.0%. State Street’s dividend payout ratio is presently 29.63%.

Insider Activity

In related news, CEO Hanley Ronald P. O sold 14,553 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 255,512 shares in the company, valued at $39,693,789.20. This represents a 5.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael L. Richards sold 1,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $162.14, for a total transaction of $243,210.00. Following the sale, the executive vice president owned 41,827 shares of the company’s stock, valued at $6,781,829.78. This represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 25,265 shares of company stock valued at $3,935,103. 0.27% of the stock is currently owned by company insiders.

About State Street

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.