State Street (NYSE:STT) Price Target Raised to $196.00 at Royal Bank Of Canada

State Street (NYSE:STT) had its price objective increased by Royal Bank Of Canada from $155.00 to $196.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a sector perform rating on the asset manager’s stock.

A number of other analysts have also commented on STT. Evercore set a $186.00 target price on shares of State Street and gave the stock an “outperform” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods increased their price target on State Street from $175.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Barclays lifted their price objective on State Street from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday. Morgan Stanley upped their price objective on State Street from $166.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Wells Fargo & Company increased their target price on State Street from $171.00 to $196.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, State Street has a consensus rating of “Moderate Buy” and a consensus target price of $183.84.

State Street Stock Performance

State Street stock opened at $182.27 on Friday. The company has a market cap of $50.45 billion, a PE ratio of 16.07, a PEG ratio of 0.96 and a beta of 1.42. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.04. State Street has a 1 year low of $104.64 and a 1 year high of $192.51. The company’s 50-day moving average is $165.83 and its two-hundred day moving average is $144.10.

State Street (NYSE:STT) last issued 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. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.88 billion. State Street had a net margin of 15.02% and a return on equity of 15.26%. State Street’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.04 EPS. Equities analysts anticipate that State Street will post 12.75 earnings per share for the current year.

State Street Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Thursday, October 1st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 1st. This is a boost from State Street’s previous quarterly dividend of $0.84. State Street’s dividend payout ratio (DPR) is currently 34.08%.

Insider Transactions at State Street

In other State Street news, COO Mostapha Tahiri sold 9,611 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $152.93, for a total transaction of $1,469,810.23. Following the completion of the transaction, the chief operating officer owned 64,642 shares of the company’s stock, valued at $9,885,701.06. This represents a 12.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP W. Bradford Hu sold 9,212 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 $9,251,403.20. This represents a 13.40% 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 a total of 37,876 shares of company stock worth $5,866,583 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On State Street

Several institutional investors and hedge funds have recently added to or reduced their stakes in STT. Regents of The University of California lifted its holdings in State Street by 211.2% during the 4th 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 purchasing an additional 5,908,370 shares during the last quarter. Norges Bank acquired a new position in State Street in the 4th quarter valued at $303,483,000. Pinebridge Investments LLC bought a new position in State Street during the 4th quarter worth $178,705,000. Victory Capital Management Inc. increased its position in State Street by 30.8% during the 4th quarter. Victory Capital Management Inc. now owns 4,559,546 shares of the asset manager’s stock worth $588,227,000 after buying an additional 1,074,174 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in shares of 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 buying an additional 880,507 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

Key Headlines Impacting State Street

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

• Positive Sentiment: State Street delivered a Q2 earnings beat, reporting $3.65 EPS on $4.05 billion in revenue versus expectations of $3.34 EPS and $3.88 billion in sales, supported by higher fee income, stronger net interest income, and no credit-loss provision. State Street Corporation (NYSE: STT) Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Management’s update showed strong operating momentum, with assets under custody and management reaching record levels and revenue growth accelerating sharply year over year, reinforcing confidence in the company’s earnings power. State Street’s quarterly profit jumps 56% on strong fee income
• Positive Sentiment: Several analysts turned more constructive after the results, including KBW and Wells Fargo, both lifting their price targets to $215, while RBC raised its target to $196, signaling expectations for additional upside. These Analysts Raise Their Forecasts On State Street Following Upbeat Q2 Results
• Neutral Sentiment: Truist reaffirmed its hold rating but still increased its target to $191, suggesting the earnings strength improved valuation expectations even without a bullish rating change. Benzinga analyst update on State Street
• Neutral Sentiment: Commentary on digital custody, ETF pricing pressure, and macro-driven operating leverage adds context, but the immediate stock move appears to be driven mainly by the earnings beat and analyst upgrades. State Street Q2: Macro Conditions Continue To Drive Healthy Operating Leverage

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.