NewEdge Advisors LLC Sells 4,663 Shares of State Street Corporation $STT

01 Aug 2026, 11:24 by Mitch Edgeman · The Markets Daily

NewEdge Advisors LLC reduced its position in shares of State Street Corporation (NYSE:STT – Free Report) by 14.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,694 shares of the asset manager’s stock after selling 4,663 shares during the period. NewEdge Advisors LLC’s holdings in State Street were worth $3,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group grew its holdings in shares of State Street by 8,247.4% in the fourth quarter. Clean Yield Group now owns 19,199 shares of the asset manager’s stock valued at $2,477,000 after acquiring an additional 18,969 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in State Street by 9.7% during the first quarter. IFM Investors Pty Ltd now owns 84,534 shares of the asset manager’s stock worth $10,699,000 after acquiring an additional 7,469 shares during the period. Concurrent Investment Advisors LLC bought a new stake in State Street during the fourth quarter worth $1,959,000. New York State Teachers Retirement System boosted its position in State Street by 9.7% in the first quarter. New York State Teachers Retirement System now owns 303,919 shares of the asset manager’s stock worth $38,464,000 after purchasing an additional 26,862 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. bought a new position in State Street in the 4th quarter valued at $21,515,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

State Street Stock Up 1.0%

Shares of NYSE STT opened at $184.60 on Friday. State Street Corporation has a one year low of $104.64 and a one year high of $192.51. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.59 and a quick ratio of 0.57. The business’s fifty day moving average price is $171.96 and its 200-day moving average price is $147.71. The stock has a market capitalization of $51.09 billion, a PE ratio of 16.28, a P/E/G ratio of 0.76 and a beta of 1.42.

State Street (NYSE:STT – Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The asset manager reported $3.65 earnings per share 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 company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. On average, equities research analysts anticipate that State Street Corporation will post 13.68 EPS for the current year.

State Street Increases Dividend

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

Insiders Place Their Bets

In other news, CEO Hanley Ronald P. O sold 14,553 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $184.17, for a total value of $2,680,226.01. Following the sale, the chief executive officer owned 240,959 shares of the company’s stock, valued at $44,377,419.03. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP W. Bradford Hu sold 9,758 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $184.52, for a total transaction of $1,800,546.16. Following the sale, the executive vice president owned 49,794 shares in the company, valued at $9,187,988.88. The trade was 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 sold 49,576 shares of company stock worth $8,415,875 over the last quarter. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

STT has been the subject of several research analyst reports. Barclays raised their target price on State Street from $165.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Wells Fargo & Company raised their price objective on shares of State Street from $196.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Citigroup lifted their price objective on shares of State Street from $193.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Bank of America boosted their target price on shares of State Street from $160.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada increased their target price on shares of State Street from $155.00 to $196.00 and gave the company a “sector perform” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.72.

Get Our Latest Stock Report on STT

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.