Wells Fargo Reiterates Buy Rating on State Street Corporation
Wells Fargo has reiterated its buy rating for State Street Corporation with a price target of $196, a 15.63% upside from the current price.
Key Points
- Wells Fargo's analyst Mike Mayo reiterated a buy rating on State Street Corporation, setting a price target of $196.
- Wells Fargo's $196 price target implies 15.63% upside from State Street Corporation's ($STT) current $169.51 share price.
- State Street's stock traded near $173.77 on Wednesday, with a market cap of $48.1 billion and a P/E ratio of 17.6.
- Recent insider activity includes planned sales by executives, while analysts maintain a buy consensus with a $161.18 average target.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Wells Fargo's analyst Mike Mayo has reiterated his buy rating on State Street Corporation (NYSE:STT), setting a price target of $196. This reaffirmation came on June 24, 2026, and reflects continued confidence in the financial services giant.
Wells Fargo vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in State Street Corporation
Several large institutional investors have also adjusted their positions in State Street Corporation. BlackRock, Inc. reduced its holdings by 548,572 shares, leaving it with 24,014,429 shares valued at approximately $3.04 billion, a 2.2% decrease. Vanguard Capital Management LLC opened a new position with 17,653,670 shares worth about $2.23 billion. Similarly, Vanguard Portfolio Management LLC initiated a stake with 16,115,256 shares valued at roughly $2.04 billion. Meanwhile, State Street Corp itself slightly increased its holdings by 29,193 shares, totaling 13,374,949 shares worth $1.69 billion. FMR LLC trimmed its position by 1,774,808 shares, resulting in 11,540,627 shares valued at approximately $1.46 billion, a 13.3% decrease.
State Street Corporation Stock Down 12.3%
As of Wednesday, shares of State Street Corporation traded near $173.77. The company has a market cap of $48.1 billion and a P/E ratio of 17.6. Its forward P/E stands at 12.6, reflecting future earnings expectations. The stock's beta is 1.451, indicating higher volatility than the market. Over the past year, State Street's stock has ranged from a low of $99.00 to a high of $174.66. The 50-day moving average is $154.24, while the 200-day moving average is $130.48.
$STT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
State Street Corporation reported revenue of approximately $14.4 billion, with a slight decline of 2.8% year-over-year. The company achieved a net margin of 21.3% and a return on equity of 11.3%. Its earnings per share (EPS) stood at $9.85. The next earnings report is expected on July 16, 2026.
Dividend
State Street offers an annual dividend rate of $3.36, yielding 2.0%. The dividend payout ratio is 33.3%, indicating a sustainable dividend policy.
Insider Buying and Selling at State Street Corporation
Recent insider transactions at State Street include planned sales by Executive Vice President Kathryn Horgan, who sold 5,500 shares at an average price of $162.78 on June 11, 2026. EVP and Chief Admin Officer Michael Richards sold 1,500 shares at $162.14 on June 8, 2026. Additionally, EVP and Chief Risk Officer Bradford Hu and CEO Ronald Hanley each sold shares on May 26, 2026, under planned sales at $155.35 per share.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained its buy rating on State Street with a price target of $196. Previously, Citigroup also maintained a buy rating with a $193 target on June 23, 2026. The consensus among analysts is a buy rating, with an average price target of $161.18 based on 14 analyst opinions.
About State Street Corporation
State Street Corporation, headquartered in Boston, Massachusetts, is a prominent player in the financial services sector, specializing in asset management. The company offers a wide range of services, including custody, accounting, and fund administration for various asset classes. It provides technology solutions through its State Street Alpha platform, which integrates portfolio management, trading, and analytics tools. Led by CEO Ronald O'Hanley, State Street employs over 51,000 people and caters to institutional investors worldwide.
Bottom Line
Wells Fargo's reaffirmation of a buy rating on State Street Corporation with a $196 price target underscores confidence in the company's prospects. Investors keep a close eye on these ratings as they provide insights into potential stock performance. However, it's important to remember that these ratings are based on past and current information and may not reflect future market conditions.
Get State Street Corporation alerts
New 13F filings, insider trades, and analyst moves on $STT, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.