State Street (STT) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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.

11 brokerages have issued 1 year price objectives for State Street's shares. Their STT share price forecasts range from $68.00 to $100.00. On average, they anticipate the company's share price to reach $82.21 in the next twelve months. This suggests a possible upside of 14.9% 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 on January 1st, 2023. Since then, STT shares have decreased by 7.8% and is now trading at $71.55.
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The company is scheduled to release its next quarterly earnings announcement on Friday, July 21st 2023.
View our STT earnings forecast.

State Street Co. (NYSE:STT) posted its quarterly earnings data on Monday, April, 17th. The asset manager reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.64 by $0.12. The asset manager had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.13 billion. State Street had a trailing twelve-month return on equity of 11.96% and a net margin of 18.73%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 EPS.
Read the conference call transcript.

State Street declared a quarterly dividend on Wednesday, May 17th. Investors of record on Monday, July 3rd will be given a dividend of $0.63 per share on Thursday, July 13th. This represents a $2.52 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, June 30th.
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), Proshares Equities For Rising Rates ETF (EQRR), VanEck Morningstar ESG Moat ETF (MOTE), Natixis U.S. Equity Opportunities ETF (EQOP), Gabelli Financial Services Opportunities ETF (GABF), Invesco Zacks Mid-Cap ETF (CZA), Davis Select Financial ETF (DFNL) and Fidelity Sustainable U.S. Equity ETF (FSST).

State Street (NYSE:STT) pays an annual dividend of $2.52 per share and currently has a dividend yield of 3.62%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 30.00% 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.07%), Dodge & Cox (6.49%), State Street Corp (4.81%), Ameriprise Financial Inc. (3.68%), Longview Partners Guernsey LTD (2.35%) and Geode Capital Management LLC (2.20%). Insiders that own company stock include Andrew Erickson, Cyrus Taraporevala, David C Phelan, Eric W Aboaf, Francisco Aristeguieta, Ian Appleyard, John Lehner, 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 $71.55.

State Street (NYSE:STT) has a market capitalization of $23.92 billion and generates $13.69 billion in revenue each year. The asset manager earns $2.77 billion in net income (profit) each year or $7.14 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.