NYSE:STT

State Street Stock Forecast, Price & News

$86.91
-1.05 (-1.19 %)
(As of 07/30/2021 12:03 PM ET)
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Today's Range
$86.89
$88.29
50-Day Range
$78.85
$87.98
52-Week Range
$56.63
$89.28
Volume16,268 shs
Average Volume2.51 million shs
Market Capitalization$29.85 billion
P/E Ratio13.84
Dividend Yield2.41%
Beta1.56
30 days | 90 days | 365 days | Advanced Chart
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About State Street

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; 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. The company 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 throughout. In addition, it provides 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, the company offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund 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.

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MarketRank

Overall MarketRank

2.38 out of 5 stars

Finance Sector

167th out of 2,044 stocks

State Commercial Banks Industry

31st out of 314 stocks

Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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State Street (NYSE:STT) Frequently Asked Questions

Is State Street a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" State Street stock.
View analyst ratings for State Street
or view top-rated stocks.

What stocks does MarketBeat like better than State Street?

Wall Street analysts have given State Street a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but State Street wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting State Street?

State Street saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 506,500 shares, a decrease of 87.8% from the June 15th total of 4,160,000 shares. Based on an average daily volume of 2,140,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.
View State Street's Short Interest
.

When is State Street's next earnings date?

State Street is scheduled to release its next quarterly earnings announcement on Friday, October 15th 2021.
View our earnings forecast for State Street
.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) announced its quarterly earnings results on Thursday, July, 15th. The asset manager reported $1.97 EPS for the quarter, beating the Zacks' consensus estimate of $1.79 by $0.18. The asset manager earned $3.03 billion during the quarter, compared to analysts' expectations of $2.95 billion. State Street had a net margin of 20.21% and a trailing twelve-month return on equity of 10.67%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 earnings per share.
View State Street's earnings history
.

How has State Street's stock price been impacted by Coronavirus?

State Street's stock was trading at $54.19 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, STT shares have increased by 61.3% and is now trading at $87.43.
View which stocks have been most impacted by COVID-19
.

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

State Street declared a quarterly dividend on Thursday, July 15th. Shareholders of record on Friday, October 1st will be given a dividend of $0.57 per share on Tuesday, October 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, September 30th. This is a boost from State Street's previous quarterly dividend of $0.52.
View State Street's dividend history
.

Is State Street a good dividend stock?

State Street pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.41%. State Street does not yet have a strong track record of dividend growth. The dividend payout ratio of State Street is 31.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, State Street will have a dividend payout ratio of 24.97% next year. This indicates that State Street will be able to sustain or increase its dividend.
View State Street's dividend history.

What price target have analysts set for STT?

12 brokerages have issued 1 year price targets for State Street's stock. Their forecasts range from $75.00 to $117.00. On average, they anticipate State Street's share price to reach $92.92 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price.
View analysts' price targets for State Street
or view top-rated stocks among Wall Street analysts.

Who are State Street's key executives?

State Street's management team includes the following people:
  • Mr. Ronald Philip O'Hanley, Chairman, Pres & CEO (Age 64, Pay $1.06M)
  • Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 57, Pay $2.97M)
  • Mr. Louis D. Maiuri, Exec. VP & COO (Age 56, Pay $3.06M)
  • Mr. Andrew J. Erickson, Exec. VP, Chief Productivity Officer & Head of International Bus. (Age 51, Pay $4.04M)
  • Mr. Francisco Alberto Aristeguieta Silva, Exec. VP & CEO of State Street Institutional Services (Age 56, Pay $6.03M)
  • Mr. Aunoy Banerjee, Exec. VP, Head of Corp. Services & Investments (Age 42)
  • Mr. Ian William Appleyard, Exec. VP, Global Controller & Chief Accounting Officer (Age 56)
  • Mr. Brian J. Franz, Exec. VP & Global Chief Information Officer (Age 56)
  • Mr. Michael L. Richards, Exec. VP & Chief Admin. Officer (Age 62)
  • Ms. Ilene Fiszel Bieler, Exec. VP & Global Head of IR

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

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

Who are some of State Street's key competitors?

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), The Walt Disney (DIS), Johnson & Johnson (JNJ), Ford Motor (F), Exxon Mobil (XOM) and AbbVie (ABBV).

What is State Street's stock symbol?

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

Who are State Street's major shareholders?

State Street's stock is owned by many different retail and institutional investors. Top institutional shareholders include Metropolis Capital Ltd (0.58%), Country Trust Bank (0.10%), Welch & Forbes LLC (0.02%), Allied Investment Advisors LLC (0.02%), Ascent Wealth Partners LLC (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own State Street stock include Andrew Erickson, Andrew P Kuritzkes, Cyrus Taraporevala, David C Phelan, Francisco Aristeguieta, Hanley Ronald P O, Ian Appleyard, Jeffrey N Carp, Joerg Ambrosius, John Lehner, Joseph L Hooley, Karen C Keenan, Michael L Richards, Robert Willett and Saint-Aignan Patrick De.
View institutional ownership trends for State Street
.

Which institutional investors are selling State Street stock?

STT stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, TIAA FSB, Ascent Wealth Partners LLC, Country Trust Bank, Avalon Investment & Advisory, Welch & Forbes LLC, and Essex Savings Bank. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Cyrus Taraporevala, David C Phelan, Francisco Aristeguieta, Ian Appleyard, John Lehner, and Michael L Richards.
View insider buying and selling activity for State Street
or view top insider-selling stocks.

Which institutional investors are buying State Street stock?

STT stock was acquired by a variety of institutional investors in the last quarter, including Metropolis Capital Ltd, Harel Insurance Investments & Financial Services Ltd., IFM Investors Pty Ltd, Cozad Asset Management Inc., Brookstone Capital Management, ST Germain D J Co. Inc., Allied Investment Advisors LLC, and New Mexico Educational Retirement Board. Company insiders that have bought State Street stock in the last two years include Hanley Ronald P O, and Saint-Aignan Patrick De.
View insider buying and selling activity for State Street
or or view top insider-buying stocks.

How do I buy shares of State Street?

Shares of STT 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.

What is State Street's stock price today?

One share of STT stock can currently be purchased for approximately $87.43.

How much money does State Street make?

State Street has a market capitalization of $30.03 billion and generates $12.08 billion in revenue each year. The asset manager earns $2.42 billion in net income (profit) each year or $6.70 on an earnings per share basis.

How many employees does State Street have?

State Street employs 39,439 workers across the globe.

Does State Street have any subsidiaries?

The following companies are subsidiares of State Street: Antrim Corporation, BestX, Charles River Development, Charles River Systems, Charles River Systems Inc, Complementa, Currenex Inc, GE Asset Management, International Fund Services (N.A.) LLC, International Fund Services Ireland Limited, Investors Copley Securities Corporation, Offshore Financial Solutions LTD, PFS, Quincy Securities Corporation, SS Scarborough Pty Limited, 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 International Holdings UK Ltd, State Street Public Lending Corporation, State Street Social Investments Corporation, State Street Trust Company Canada, State Street Trust and Banking Company Limited, and The National Bank of Georgia.

When was State Street founded?

State Street was founded in 1792.

What is State Street's official website?

The official website for State Street is www.statestreet.com.

Where are State Street's headquarters?

State Street is headquartered at ONE LINCOLN STREET, BOSTON MA, 02111.

How can I contact State Street?

State Street's mailing address is ONE LINCOLN STREET, BOSTON MA, 02111. The asset manager can be reached via phone at 617-786-3000 or via email at [email protected]


This page was last updated on 7/30/2021 by MarketBeat.com Staff
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