Wells Fargo & Company Issues Positive Forecast for State Street (NYSE:STT) Stock Price

24 Jun 2026, 14:32 by Michael Walen · The Markets Daily

State Street (NYSE:STT – Get Free Report) had its target price raised by stock analysts at Wells Fargo & Company from $171.00 to $196.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 15.40% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Morgan Stanley raised their target price on State Street from $155.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods boosted their price target on shares of State Street from $157.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Bank of America raised shares of State Street from an “underperform” rating to a “neutral” rating and set a $143.00 price target on the stock in a report on Monday, April 6th. Citigroup increased their price target on shares of State Street from $172.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Truist Financial raised their price objective on shares of State Street from $136.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.63.

Read Our Latest Analysis on State Street

State Street Stock Performance

STT stock opened at $169.84 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.04. The firm has a market cap of $47.01 billion, a PE ratio of 17.33, a P/E/G ratio of 0.95 and a beta of 1.43. The business has a 50 day moving average of $156.07 and a 200-day moving average of $138.15. State Street has a 12-month low of $101.84 and a 12-month high of $175.46.

State Street (NYSE:STT – Get Free Report) last issued its quarterly earnings results on Friday, April 17th. The asset manager reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.20. State Street had a return on equity of 14.22% and a net margin of 13.47%.The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the company posted $2.04 earnings per share. State Street’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, sell-side analysts expect that State Street will post 12.35 earnings per share for the current year.

Insider Transactions at State Street

In related news, EVP Michael L. Richards sold 3,000 shares of State Street stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the sale, the executive vice president owned 43,522 shares of the company’s stock, valued at approximately $6,697,600.58. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hanley Ronald P. O sold 14,553 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.35, for a total value of $2,260,808.55. Following the completion of the sale, the chief executive officer owned 255,512 shares in the company, valued at $39,693,789.20. This represents a 5.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 37,876 shares of company stock worth $5,866,583 over the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On State Street

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC lifted its holdings in State Street by 3.1% during the 1st quarter. Western Wealth Management LLC now owns 2,001 shares of the asset manager’s stock worth $253,000 after purchasing an additional 60 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in State Street by 1.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,351 shares of the asset manager’s stock valued at $675,000 after buying an additional 83 shares in the last quarter. Wedmont Private Capital grew its holdings in State Street by 1.3% during the 4th quarter. Wedmont Private Capital now owns 6,498 shares of the asset manager’s stock valued at $861,000 after buying an additional 85 shares in the last quarter. Arjuna Capital increased its position in shares of State Street by 0.4% during the fourth quarter. Arjuna Capital now owns 25,139 shares of the asset manager’s stock valued at $3,243,000 after buying an additional 95 shares during the period. Finally, LVW Advisors LLC increased its position in shares of State Street by 1.7% during the fourth quarter. LVW Advisors LLC now owns 5,605 shares of the asset manager’s stock valued at $723,000 after buying an additional 96 shares during the period. Institutional investors own 87.44% of the company’s stock.

Trending Headlines about State Street

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

Negative Sentiment: Zacks Research cut State Street Corporation (STT) from “strong-buy” to “hold,” which may pressure the stock as investors reassess near-term upside. Tickerreport.com
Neutral Sentiment: State Street-related entities ceased to be a substantial holder in Digico Infrastructure REIT, reflecting a change in portfolio exposure rather than a direct operating update for STT. Article
Neutral Sentiment: The company’s group also exited substantial holdings in Nick Scali, Austal, Smartgroup, Aussie Broadband, Deterra Royalties, and Electro Optic Systems; these announcements are unlikely to materially affect State Street’s core fundamentals. Article

State Street Company Profile

(Get 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.