State Street (STT) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" STT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STT, but not buy additional shares or sell existing shares.
View STT analyst ratings or view top-rated stocks.

13 analysts have issued 1-year price targets for State Street's shares. Their STT share price forecasts range from $64.00 to $87.00. On average, they predict the company's stock price to reach $75.75 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for STT or view top-rated stocks among Wall Street analysts.

State Street's stock was trading at $77.57 at the beginning of 2023. Since then, STT stock has decreased by 12.6% and is now trading at $67.81.
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State Street saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 4,790,000 shares, an increase of 30.2% from the July 31st total of 3,680,000 shares. Based on an average trading volume of 2,760,000 shares, the short-interest ratio is presently 1.7 days. Currently, 1.5% of the company's stock are sold short.
View State Street's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our STT earnings forecast.

State Street will be holding an earnings conference call on Wednesday, October 18th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-674-7070 with passcode "64707569".

State Street Co. (NYSE:STT) posted its quarterly earnings data on Friday, July, 14th. The asset manager reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.09. The asset manager earned $3.11 billion during the quarter, compared to the consensus estimate of $3.14 billion. State Street had a trailing twelve-month return on equity of 12.20% and a net margin of 16.99%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 EPS.
Read the conference call transcript.

State Street declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.69 per share on Thursday, October 12th. This represents a $2.76 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, September 29th. This is an increase from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for STT.

ETFs with the largest weight of State Street (NYSE:STT) stock in their portfolio include Invesco KBW Bank ETF (KBWB), iShares Focused Value Factor ETF (FOVL), VanEck Morningstar ESG Moat ETF (MOTE), Invesco Zacks Mid-Cap ETF (CZA), VanEck Vectors Morningstar Global Wide Moat ETF (GOAT), VanEck Morningstar Global Wide Moat ETF (MOTG), Natixis U.S. Equity Opportunities ETF (EQOP) and Davis Select Financial ETF (DFNL).

State Street (NYSE:STT) pays an annual dividend of $2.52 per share and currently has a dividend yield of 3.72%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 33.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STT.

471 employees have rated State Street Chief Executive Officer Ronald O’Hanley on Glassdoor.com. Ronald O’Hanley has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other State Street investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Verizon Communications (VZ), Bank of America (BAC), NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), Ford Motor (F), Exxon Mobil (XOM) and AbbVie (ABBV).

State Street trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT."

State Street's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.43%), State Street Corp (4.98%), Longview Partners Guernsey LTD (2.45%), Geode Capital Management LLC (2.26%), Capital International Investors (2.06%) and JPMorgan Chase & Co. (1.53%). Insiders that own company stock include Andrew Erickson, Cyrus Taraporevala, David C Phelan, Eric W Aboaf, Francisco Aristeguieta, Ian Appleyard, John Plansky, Michael L Richards and Saint-Aignan Patrick De.
View institutional ownership trends.

Shares of STT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STT stock can currently be purchased for approximately $67.81.

State Street (NYSE:STT) has a market capitalization of $21.61 billion and generates $13.69 billion in revenue each year. The asset manager earns $2.77 billion in net income (profit) each year or $7.40 on an earnings per share basis.

The company employs 42,226 workers across the globe.

State Street's mailing address is ONE LINCOLN STREET, BOSTON MA, 02111. The official website for the company is www.statestreet.com. The asset manager can be reached via phone at (617) 786-3000, via email at ir@statestreet.com, or via fax at 617-654-3386.