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AMD   118.42 (-2.45%)
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GE   121.54 (-0.78%)
DIS   92.03 (-0.59%)
AMC   7.36 (+7.29%)
PFE   29.36 (+1.56%)
PYPL   59.92 (+0.45%)
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QQQ   385.05 (-1.25%)
AAPL   188.83 (-1.26%)
MSFT   368.12 (-1.71%)
META   317.79 (-2.16%)
GOOGL   128.29 (-2.71%)
AMZN   144.38 (-1.80%)
TSLA   236.85 (-0.83%)
NVDA   452.29 (-3.28%)
NIO   7.32 (+2.38%)
BABA   73.07 (-1.24%)
AMD   118.42 (-2.45%)
T   16.58 (-1.07%)
F   10.69 (+1.04%)
MU   74.00 (-2.54%)
CGC   0.73 (+18.59%)
GE   121.54 (-0.78%)
DIS   92.03 (-0.59%)
AMC   7.36 (+7.29%)
PFE   29.36 (+1.56%)
PYPL   59.92 (+0.45%)
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DOW   36,184.91 (-0.17%)
QQQ   385.05 (-1.25%)
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META   317.79 (-2.16%)
GOOGL   128.29 (-2.71%)
AMZN   144.38 (-1.80%)
TSLA   236.85 (-0.83%)
NVDA   452.29 (-3.28%)
NIO   7.32 (+2.38%)
BABA   73.07 (-1.24%)
AMD   118.42 (-2.45%)
T   16.58 (-1.07%)
F   10.69 (+1.04%)
MU   74.00 (-2.54%)
CGC   0.73 (+18.59%)
GE   121.54 (-0.78%)
DIS   92.03 (-0.59%)
AMC   7.36 (+7.29%)
PFE   29.36 (+1.56%)
PYPL   59.92 (+0.45%)
XOM   102.50 (-0.48%)

State Street Stock Price, News & Analysis (NYSE:STT)

$74.12
+0.20 (+0.27%)
(As of 02:39 PM ET)
Compare
Today's Range
$73.07
▼
$74.62
50-Day Range
$62.93
▼
$73.92
52-Week Range
$62.78
▼
$94.74
Volume
1.12 million shs
Average Volume
2.60 million shs
Market Capitalization
$22.87 billion
P/E Ratio
10.82
Dividend Yield
3.72%
Price Target
$75.75
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

State Street MarketRank™ Stock Analysis

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
2.4% Upside
$75.75 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
1.01mentions of State Street in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.62%
From $7.41 to $7.53 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Finance Sector

337th out of 831 stocks

State Commercial Banks Industry

64th out of 166 stocks

See Top Rated MarketRank™ Stocks Here

STT stock logo

About State Street Stock (NYSE:STT)

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded funds under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.

STT Stock Price History

STT Stock News Headlines

December 4, 2023 | finance.yahoo.com
State Street to Further Consolidate Operating Model in India
December 3, 2023 | americanbankingnews.com
Morgan Stanley Increases State Street (NYSE:STT) Price Target to $80.00
December 4, 2023 | DTI Trader (Ad)
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December 1, 2023 | benzinga.com
State Street Stock (NYSE:STT) Insider Trades
November 29, 2023 | msn.com
State Street adds option to fully back corporate boards
November 29, 2023 | finance.yahoo.com
State Street Global Advisors to Launch New Company Board-Aligned Voting Policy
November 28, 2023 | finance.yahoo.com
State Street Taps Invesco’s Paglia to Lead ETFs
November 28, 2023 | finance.yahoo.com
Charles River® and S&P Global Market Intelligence Announce Collaboration to Streamline Primary Issuance in Charles River® IMS
December 4, 2023 | DTI Trader (Ad)
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November 27, 2023 | finance.yahoo.com
State Street Global Advisors Appoints Anna Paglia as Executive Vice President and Chief Business Officer
November 27, 2023 | finance.yahoo.com
Low Fees, Liquidity to Widen ETF Share: State Street
November 21, 2023 | finance.yahoo.com
State Street Partners with Diverse Firms to Underwrite $1 Billion of Senior Debt and $0.5 Billion of Senior Subordinated Debt
November 17, 2023 | finance.yahoo.com
State Street to Participate in the Goldman Sachs 2023 U.S. Financial Services Conference
November 17, 2023 | finance.yahoo.com
State Street Corporation (STT) Up 4.4% Since Last Earnings Report: Can It Continue?
November 10, 2023 | finance.yahoo.com
State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series "D," "F," "G" and "H"
November 3, 2023 | finance.yahoo.com
Vice Chairman and CFO Eric Aboaf Sells 10,000 Shares of State Street Corporation
October 30, 2023 | msn.com
State Street CEO O'Hanley to take additional role as bank's president
October 30, 2023 | finance.yahoo.com
State Street Announces Organizational Changes
October 30, 2023 | gurufocus.com
The State Street Corporation (STT) Company: A Short SWOT Analysis
October 24, 2023 | finance.yahoo.com
Israel Latest: Macron Warns Militants as Gaza Hospitals on Brink
October 23, 2023 | investing.com
State Street Cuts Fees on Europe’s S&P 500 ETFS, Bolstering Market Competitiveness
October 20, 2023 | investing.com
State Street Corp. Sees Shares Drop, Breaking Four-Day Winning Streak
October 20, 2023 | markets.businessinsider.com
Hold Rating Maintained on State Street: A Balanced Risk/Reward amidst Strong Performance and Market Uncertainties
October 19, 2023 | investing.com
State Street Corp shares decline amidst market downturn
October 19, 2023 | finance.yahoo.com
State Street Corporation (NYSE:STT) Q3 2023 Earnings Call Transcript
October 19, 2023 | msn.com
Compared to Estimates, State Street Corporation (STT) Q3 Earnings: A Look at Key Metrics
October 19, 2023 | markets.businessinsider.com
Hold Rating on State Street: A Balanced View on Performance, Outlook, and Valuation
See More Headlines
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Company Calendar

Ex-Dividend for 10/12 Dividend
9/29/2023
Dividend Payable
10/12/2023
Last Earnings
10/18/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/19/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NYSE:STT
CUSIP
85747710
CIK
93751
Web
www.statestreet.com
Phone
(617) 786-3000
Fax
617-654-3386
Employees
42,226
Year Founded
1792

Price Target and Rating

Average Stock Price Target
$75.75
High Stock Price Target
$87.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
13 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$6.85
Trailing P/E Ratio
10.79
Forward P/E Ratio
9.98
P/E Growth
1.91
Net Income
$2.77 billion
Net Margins
14.07%
Pretax Margin
17.13%
Return on Equity
12.19%
Return on Assets
0.94%

Debt

Debt-to-Equity Ratio
0.86
Current Ratio
0.51
Quick Ratio
0.51

Sales & Book Value

Annual Sales
$13.69 billion
Price / Sales
1.67
Cash Flow
$10.93 per share
Price / Cash Flow
6.76
Book Value
$63.27 per share
Price / Book
1.17

Miscellaneous

Outstanding Shares
308,580,000
Free Float
307,535,000
Market Cap
$22.81 billion
Optionable
Optionable
Beta
1.52

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Key Executives

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy State Street Stock? STT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of State Street was last updated on Tuesday, November 28, 2023 at 10:16 PM.

Pros

Here are some ways that investors could benefit from investing in State Street Co.:

  • State Street Co. (STT) has a strong presence in the asset management industry, making it a reliable investment option.
  • The recent decrease in the stake of State Street Co. by Longview Partners Guernsey LTD and Charles Schwab Investment Management Inc. indicates that the company is actively managing its portfolio and making strategic decisions.
  • State Street Co. is backed by large institutional investors like Norges Bank and Morgan Stanley, which adds credibility to the company's financial stability.
  • The current stock price of State Street Co. (STT) is favorable for investors, providing an opportunity for potential gains.
  • State Street Co. has a track record of delivering consistent returns to its shareholders, making it an attractive investment option.

Cons

Investors should be bearish about investing in State Street Co. for these reasons:

  • The asset management industry is highly competitive, and State Street Co. faces challenges in maintaining its market share.
  • The recent decrease in the stake of State Street Co. by Longview Partners Guernsey LTD and Charles Schwab Investment Management Inc. may indicate concerns about the company's future performance.
  • State Street Co. is exposed to market risks and fluctuations, which can impact its financial performance and stock price.
  • Investors should carefully consider the potential impact of regulatory changes on State Street Co.'s operations and profitability.
  • State Street Co. operates in a global market, and geopolitical factors can have an impact on its business and financial performance.














STT Stock Analysis - Frequently Asked Questions

Should I buy or sell State Street stock right now?

13 Wall Street research 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 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.

What is State Street's stock price target for 2024?

13 equities research analysts have issued 12 month price targets for State Street's stock. Their STT share price targets range from $65.00 to $87.00. On average, they anticipate the company's stock price to reach $75.75 in the next year. This suggests a possible upside of 2.4% from the stock's current price.
View analysts price targets for STT or view top-rated stocks among Wall Street analysts.

How have STT shares performed in 2023?

State Street's stock was trading at $77.57 at the beginning of the year. Since then, STT stock has decreased by 4.7% and is now trading at $73.94.
View the best growth stocks for 2023 here.

When is State Street's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, January 19th 2024.
View our STT earnings forecast.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) posted its earnings results on Wednesday, October, 18th. The asset manager reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.79 by $0.54. The asset manager had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.92 billion. State Street had a net margin of 14.07% and a trailing twelve-month return on equity of 12.19%. The company's revenue was down 9.1% compared to the same quarter last year. During the same period last year, the business earned $1.82 earnings per share.
Read the conference call transcript.

How often does State Street pay dividends? What is the dividend yield for State Street?

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 yield of 3.73%. The ex-dividend date of this dividend is Friday, September 29th. This is a boost from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for STT.

Is State Street a good dividend stock?

State Street (NYSE:STT) pays an annual dividend of $2.76 per share and currently has a dividend yield of 3.73%. 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 40.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 36.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STT.

What ETFs hold State Street's stock?

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).

What is Ronald O’Hanley's approval rating as State Street's CEO?

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.

What other stocks do shareholders of State Street own?

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).

Who are State Street's major shareholders?

State Street's stock is owned by a number of retail and institutional investors. Top institutional investors include Invesco Ltd. (3.38%), Ameriprise Financial Inc. (1.55%), Northern Trust Corp (1.50%), Morgan Stanley (1.43%), LSV Asset Management (1.18%) and Yacktman Asset Management LP (1.13%). 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.

How do I buy shares of State Street?

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.
Compare Top Brokerages Here.

Does State Street have any subsidiaries?
The following companies are subsidiares of State Street: Antrim Corporation, Investors Copley Securities Corporation, Offshore Financial Solutions LTD, Quincy Securities Corporation, BBH’s Investor Services, BestX, Charles River Development, Charles River Systems Inc, Complementa, Currenex Inc, GE Asset Management, International Fund Services (N.A.) LLC, International Fund Services Ireland Limited, Mercatus, PFS, SSB Investments Inc, SSB Realty LLC, Sail Trust, State Street Australia Limited, State Street Bank International GmbH, State Street Bank and Trust Company, State Street Europe Holdings Germany Sarl & Co KG, State Street Global Advisors Inc, State Street Global Advisors International Holdings Inc, State Street Global Advisors Limited, State Street Global Advisors Switzerland Holdings GmbH, State Street Global Advisors Trust Company, State Street Global Markets LLC, State Street Holdings Germany GmbH, State Street Intermediate Funding LLC, State Street International Holdings, State Street International Holdings Switzerland GmbH, State Street Public Lending Corporation, State Street Trust Company Canada, State Street Trust and Banking Company Limited, and The National Bank of Georgia.
Read More
This page (NYSE:STT) was last updated on 12/4/2023 by MarketBeat.com Staff

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