Sumitomo Mitsui DS Asset Management Company Ltd Purchases 549 Shares of State Street Corporation (NYSE:STT)

04 Jul 2025, 04:54 by Doug Wharley · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of State Street Corporation (NYSE:STT – Free Report) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,622 shares of the asset manager’s stock after buying an additional 549 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in State Street were worth $2,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STT. First Pacific Financial purchased a new stake in State Street during the first quarter valued at approximately $25,000. Coppell Advisory Solutions LLC raised its position in State Street by 2,942.9% during the fourth quarter. Coppell Advisory Solutions LLC now owns 426 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 412 shares during the period. Golden State Wealth Management LLC raised its position in State Street by 186.7% during the first quarter. Golden State Wealth Management LLC now owns 476 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 310 shares during the period. MV Capital Management Inc. raised its position in State Street by 98.4% during the first quarter. MV Capital Management Inc. now owns 506 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 251 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in State Street by 187.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 477 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 311 shares during the period. 87.44% of the stock is owned by institutional investors.

Insider Transactions at State Street

In related news, CAO Elizabeth Schaefer sold 1,300 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $90.72, for a total value of $117,936.00. Following the transaction, the chief accounting officer owned 7,354 shares of the company’s stock, valued at $667,154.88. This represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on STT. Wall Street Zen downgraded State Street from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods decreased their price objective on State Street from $118.00 to $113.00 and set an “outperform” rating on the stock in a research report on Monday, April 21st. Morgan Stanley upped their price objective on State Street from $110.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays decreased their price objective on State Street from $127.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Finally, The Goldman Sachs Group upped their price objective on State Street from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.46.

View Our Latest Research Report on STT

State Street Trading Up 0.7%

Shares of NYSE STT opened at $110.31 on Friday. State Street Corporation has a fifty-two week low of $72.65 and a fifty-two week high of $110.80. The company has a market cap of $31.46 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.27 and a beta of 1.45. The business’s 50 day moving average price is $97.31 and its 200-day moving average price is $94.46. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.57 and a current ratio of 0.57.

State Street (NYSE:STT – Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The asset manager reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.06. State Street had a return on equity of 12.79% and a net margin of 12.85%. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. On average, sell-side analysts expect that State Street Corporation will post 9.68 earnings per share for the current year.

State Street Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be paid a $0.76 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $3.04 annualized dividend and a yield of 2.76%. State Street’s dividend payout ratio (DPR) is currently 34.12%.

State Street Company Profile

(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.