Zacks Research Forecasts Stronger Earnings for State Street

Zacks Research has raised its FY2025 earnings per share estimate for State Street Corporation (NYSE:STT) from $9.72 to $10.12, maintaining a "Strong-Buy" rating. The consensus estimate for the current full-year earnings is $9.68 per share. State Street reported $2.78 EPS for Q3, exceeding estimates, with revenue of $13 billion. Analysts have generally rated the stock positively, with a consensus target price of $125.92. The stock opened at $118.23, with a market cap of $33.02 billion and a PE ratio of 12.51.

Why State Street's Options Volume Just Sent a Bullish Signal

State Street Corporation (NYSE:STT - Free Report) - Stock analysts at Zacks Research lifted their FY2025 earnings per share estimates for shares of State Street in a research note issued on Friday, November 7th. Zacks Research analyst Team now forecasts that the asset manager will post earnings of $10.12 per share for the year, up from their previous estimate of $9.72. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for State Street's current full-year earnings is $9.68 per share. Zacks Research also issued estimates for State Street's Q4 2025 earnings at $2.77 EPS, Q1 2026 earnings at $2.46 EPS, Q3 2026 earnings at $2.86 EPS, Q4 2026 earnings at $2.87 EPS, FY2026 earnings at $10.97 EPS, Q1 2027 earnings at $2.87 EPS, Q2 2027 earnings at $3.04 EPS, Q3 2027 earnings at $3.09 EPS and FY2027 earnings at $12.13 EPS.

State Street (NYSE:STT - Get Free Report) last issued its quarterly earnings data on Friday, October 17th. The asset manager reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.21. The company had revenue of $13 billion during the quarter, compared to the consensus estimate of $3.43 billion. State Street had a return on equity of 13.37% and a net margin of 13.14%.The firm's revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $2.26 earnings per share.

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Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods lifted their target price on State Street from $132.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, October 20th. Cowen reaffirmed a "buy" rating on shares of State Street in a research report on Tuesday, October 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of State Street in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their target price on shares of State Street from $109.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. Finally, Truist Financial decreased their price target on shares of State Street from $133.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.92.

Get Our Latest Stock Report on State Street

State Street Stock Performance

The Behemoth BlackRock’s Next Trillion Comes From Private Assets

STT stock opened at $118.23 on Monday. The firm has a market cap of $33.02 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.47. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $114.54 and a 200-day moving average price of $107.25. State Street has a 1-year low of $72.81 and a 1-year high of $119.33.

Insider Activity

In other news, EVP Michael L. Richards sold 1,500 shares of the business's stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $117.24, for a total transaction of $175,860.00. Following the completion of the sale, the executive vice president directly owned 38,626 shares of the company's stock, valued at $4,528,512.24. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On State Street

Several hedge funds have recently modified their holdings of STT. Brown Advisory Inc. lifted its position in shares of State Street by 0.5% during the 2nd quarter. Brown Advisory Inc. now owns 17,224 shares of the asset manager's stock worth $1,832,000 after buying an additional 93 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in State Street by 38.2% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 340 shares of the asset manager's stock valued at $39,000 after acquiring an additional 94 shares during the last quarter. Security National Bank of SO Dak boosted its stake in State Street by 0.5% in the second quarter. Security National Bank of SO Dak now owns 21,528 shares of the asset manager's stock valued at $2,289,000 after acquiring an additional 105 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of State Street by 7.7% during the third quarter. Global Retirement Partners LLC now owns 1,470 shares of the asset manager's stock worth $171,000 after purchasing an additional 105 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of State Street by 11.7% during the second quarter. Harbour Investments Inc. now owns 1,012 shares of the asset manager's stock worth $108,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

About State Street

(Get Free Report)

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.

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