State Str Corp Stock Price, News & Analysis

State Street Global Advisors (NYSE: STT) announced the expansion of its IncomeWise™ Target Retirement Strategies to the Voya Financial recordkeeping platform. The ABA Retirement Funds Program will be the first adopter on this platform, with Mercer Trust Company serving as the investment fiduciary.

IncomeWise combines traditional index-based target-date funds with optional income features, including deferred annuity payments and automatic monthly withdrawals. The solution, which has over $20 billion in committed assets, will be available through Voya as the second recordkeeper after Fidelity Investments.

This expansion aligns with State Street's strategy to provide flexible retirement solutions, helping participants build confidence in their financial futures through a simple two-step election process for activating income across their target-date fund balance.

State Street (NYSE: STT) has announced an agreement to acquire Mizuho Financial Group's global custody and related businesses outside of Japan. The acquisition includes Mizuho's operations through Mizuho Trust & Banking (Luxembourg) and Mizuho Bank (USA), representing combined assets under custody of approximately $580 billion and $24 billion in assets under administration.

The transaction, expected to complete by Q4 2025, will allow Mizuho to focus on providing trust and custody services for domestic assets while collaborating with State Street for global services. State Street, with 35 years of experience in Japan and Luxembourg, will leverage its global platform to serve Mizuho's clients, offering services including data management, risk and performance analytics, currency management, and securities finance.

State Street Global Advisors (NYSE: STT) has launched the SPDR® SSGA Apollo IG Public & Private Credit ETF (PRIV), an actively managed ETF providing access to investment-grade private credit markets. The fund focuses on maximizing risk-adjusted returns and current income through investment-grade debt securities, combining public and private credit including asset-based finance and corporate lending.

The ETF, managed by State Street's Active Fixed Income Team, utilizes Apollo Global Securities for private credit instruments sourcing. The fund employs a risk-aware, macroeconomic approach with bottom-up security selection to construct its portfolio. Apollo reported over $220 billion of origination in 2024, with an estimated potential addressable market for private credit of $40 trillion.

State Street (NYSE: STT) has announced that two key executives will participate in the upcoming RBC Global Financial Institutions Conference in New York. Yie-Hsin Hung, President & Chief Executive Officer of State Street Global Advisors, and Mark Keating, interim Chief Financial Officer, will deliver a presentation on Wednesday, March 5, 2025, at 3:20pm ET.

The presentation will be accessible through an audio webcast on State Street's Investor Relations website. Interested parties can access the webcast and presentation materials through https://investors.statestreet.com/. A replay of the presentation will remain available on the website for approximately 90 days following the event.

State Street (NYSE: STT) and SS&C Technologies (Nasdaq: SSNC) announced plans to restructure their International Financial Data Services (IFDS) joint venture in Luxembourg and Ireland after nearly 20 years of collaboration. Under this restructuring, transfer agency services currently provided by IFDS in these locations will transition to each company's respective operations.

State Street will insource transfer agency capabilities for its clients, while SS&C will rebrand the existing transfer agency entities in Ireland and Luxembourg as a wholly-owned business within its Global Investor & Distributions Solutions division. The restructuring is expected to be completed in the second part of 2025, subject to approvals and conditions.

Both companies emphasized that this decision aims to simplify their operating models and improve the transfer agency experience for clients. They committed to maintaining service quality, retaining transfer agency employees, and minimizing disruptions during the transition. The restructuring does not affect IFDS Canada, which will continue serving the North American market.

State Street and SS&C Technologies (Nasdaq: SSNC) announced a restructuring of their European International Financial Data Services (IFDS) joint venture in Luxembourg and Ireland. After nearly 20 years of collaboration, the transfer agency services provided by IFDS in these regions will be integrated into each company's operations.

State Street will insource transfer agency services for its clients, while SS&C will rebrand and operate the existing transfer agency entities in Ireland and Luxembourg as a wholly-owned SS&C business within its Global Investor & Distribution Solutions division. The restructuring is expected to be completed in the second half of 2025, pending customary approvals and conditions.

According to Donna Milrod, Chief Product Officer of State Street, the move aims to simplify operations and enhance the transfer agency experience for clients. Nick Wright, Global Head of SS&C GIDS, emphasized their commitment to providing excellent global transfer agency technology and solutions. The restructuring will utilize current teams and technology to minimize disruptions for clients and employees. This decision does not affect IFDS Canada.

State Street (NYSE:STT) has declared its latest dividend payments for both common and preferred stockholders. The company announced a quarterly cash dividend of $0.76 per share of common stock, payable on April 11, 2025, to shareholders of record as of April 1, 2025.

Additionally, the company declared dividends for three series of non-cumulative perpetual preferred stock:

• Series G: $1,337.50 per share ($0.334375 per depositary share)
• Series I: $1,675.00 per share ($16.750000 per depositary share)
• Series J: $1,675.00 per share ($16.750000 per depositary share)

All preferred stock dividends will be paid on March 18, 2025, to holders of record as of March 3, 2025.

State Street (NYSE: STT) has announced the issuance of $750 million of depositary shares, each representing a 1/100th ownership interest in its 6.450% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K. The shares have a liquidation preference of $100,000 per share.

The issuance involved a diverse syndicate of underwriters, including minority and women-owned investment banks. Dividends will be paid quarterly starting June 15, 2025, with a fixed rate of 6.450% until September 15, 2030. After that, the rate will reset every five years based on the U.S. Treasury rate plus a 2.135% spread.

The company maintains redemption rights after September 15, 2030, subject to regulatory approval, or in case of a regulatory capital treatment event.

State Street (NYSE: STT) has announced that Chairman & CEO Ron O'Hanley will present at the UBS Financial Services Conference in Miami, FL. The presentation is scheduled for Tuesday, February 11, 2025, at 10:30 am ET.

An audio webcast of the event will be available on State Street's Investor Relations website. Investors and interested parties can access the live presentation through https://investors.statestreet.com/. A recorded replay will be accessible on the same website for approximately 90 days following the presentation.