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NYSE:STT

State Street (STT) Stock Price, News & Analysis

$72.35
+0.80 (+1.12%)
(As of 12:33 PM ET)
Today's Range
$71.25
$72.49
50-Day Range
$71.11
$78.55
52-Week Range
$62.78
$91.15
Volume
756,830 shs
Average Volume
2.11 million shs
Market Capitalization
$21.85 billion
P/E Ratio
13.18
Dividend Yield
3.81%
Price Target
$81.83

State Street MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
14.3% Upside
$81.83 Price Target
Short Interest
Healthy
0.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.57mentions of State Street in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$190,238 Sold Last Quarter
Proj. Earnings Growth
8.67%
From $7.84 to $8.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.96 out of 5 stars

Finance Sector

47th out of 1,704 stocks

State Commercial Banks Industry

11th out of 354 stocks


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

An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
State Street Preferred: 6.7% From A Too Big To Fail Bank
State Street declares $0.69 dividend
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
See More Headlines
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/29/2023
Dividend Payable
1/12/2024
Last Earnings
1/19/2024
Today
2/21/2024
Ex-Dividend for 4/11 Dividend
3/28/2024
Dividend Payable
4/11/2024
Next Earnings (Estimated)
4/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
CUSIP
85747710
Employees
46,000
Year Founded
1792

Price Target and Rating

Average Stock Price Target
$81.83
High Stock Price Target
$102.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+14.4%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
12.61%

Debt

Sales & Book Value

Annual Sales
$18.37 billion
Cash Flow
$11.21 per share
Book Value
$72.28 per share

Miscellaneous

Free Float
300,917,000
Market Cap
$21.60 billion
Optionable
Optionable
Beta
1.53

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Ronald Philip O'Hanley (Age 67)
    CEO, President & Chairman
    Comp: $2.48M
  • Mr. Eric Walter Aboaf (Age 60)
    CFO & Vice Chairman
    Comp: $3.37M
  • Mr. Louis D. Maiuri (Age 59)
    Executive Vice President
    Comp: $3.74M
  • Mr. Mostapha Tahiri
    Executive VP & COO
  • Mr. Pankaj Vaish
    Executive VP & Global Chief Investment Officer and Treasury
  • Mr. Ian William Appleyard (Age 58)
    Executive VP, Global Controller & Chief Accounting Officer
  • Mr. Andrew Zitney
    Executive VP & CTO for Global Technology Services
  • Mr. Brian J. Franz (Age 59)
    Executive VP, Chief Information Officer & Head of Enterprise Resiliency
  • Mr. Michael L. Richards (Age 65)
    Executive VP & Chief Administrative Officer
  • Ms. Ilene Fiszel Bieler
    Executive VP & Global Head of IR

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, February 20, 2024 at 2:20 PM.














STT Stock Analysis - Frequently Asked Questions

Should I buy or sell State Street stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 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?

12 equities research analysts have issued 1 year price targets for State Street's stock. Their STT share price targets range from $65.00 to $102.00. On average, they predict the company's stock price to reach $81.83 in the next year. This suggests a possible upside of 14.3% 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 2024?

State Street's stock was trading at $77.46 at the beginning of 2024. Since then, STT shares have decreased by 7.6% and is now trading at $71.60.
View the best growth stocks for 2024 here
.

Are investors shorting State Street?

State Street saw a increase in short interest in January. As of January 31st, there was short interest totaling 2,930,000 shares, an increase of 33.2% from the January 15th total of 2,200,000 shares. Based on an average daily volume of 2,090,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.0% of the company's stock are short sold.
View State Street's Short Interest
.

When is State Street's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 15th 2024.
View our STT earnings forecast
.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) announced its quarterly earnings results on Friday, January, 19th. The asset manager reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.21. The asset manager earned $3.04 billion during the quarter, compared to analysts' expectations of $2.95 billion. State Street had a net margin of 10.59% and a trailing twelve-month return on equity of 11.86%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $2.07 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 announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.69 per share on Thursday, April 11th. This represents a $2.76 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, March 28th.
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 3.81%. 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 50.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 32.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STT.

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.01%), Dodge & Cox (6.62%), Capital International Investors (2.14%), Northern Trust Corp (1.35%), Cooke & Bieler LP (1.22%) and LSV Asset Management (1.19%). Insiders that own company stock include Andrew Erickson, Anthony Bisegna, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/21/2024 by MarketBeat.com Staff