State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world. Investment servicing line of business performs functions, such as providing institutional investors with clearing, settlement and payment services. The Company operates investment management line of business through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services to corporations, public funds and other investors. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management & Fund Operators - NEC
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:STT
- CUSIP: 85747710
- Web: www.statestreet.com
- Market Cap: $33.36458 billion
- Outstanding Shares: 376,235,000
- 50 Day Moving Avg: $83.93
- 200 Day Moving Avg: $80.54
- 52 Week Range: $50.60 - $89.95
Sales & Book Value:
- Trailing P/E Ratio: 16.32
- Foreward P/E Ratio: 13.24
- P/E Growth: 1.15
- Annual Revenue: $10.39 billion
- Price / Sales: 3.16
- Book Value: $48.09 per share
- Price / Book: 1.81
- Annual Dividend: $1.52
- Dividend Yield: 1.7%
- Net Margins: 20.54%
- Return on Equity: 12.38%
- Return on Assets: 0.92%
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 0.48%
- Quick Ratio: 0.48%
- Average Volume: 1.97 million shs.
- Beta: 1.33
- Short Ratio: 1.7
Frequently Asked Questions for State Street Corporation (NYSE:STT)
What is State Street Corporation's stock symbol?
State Street Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT."
How often does State Street Corporation pay dividends? What is the dividend yield for State Street Corporation?
State Street Corporation announced a quarterly dividend on Wednesday, May 17th. Shareholders of record on Monday, July 3rd will be given a dividend of $0.38 per share on Tuesday, July 18th. This represents a $1.52 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, June 29th. View State Street Corporation's Dividend History.
How were State Street Corporation's earnings last quarter?
State Street Corporation (NYSE:STT) announced its earnings results on Wednesday, April, 26th. The company reported $1.21 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.10 by $0.11. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.75 billion. State Street Corporation had a return on equity of 12.38% and a net margin of 20.54%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. View State Street Corporation's Earnings History.
When will State Street Corporation make its next earnings announcement?
Where is State Street Corporation's stock going? Where will State Street Corporation's stock price be in 2017?
13 analysts have issued 1-year price objectives for State Street Corporation's shares. Their predictions range from $73.00 to $92.00. On average, they anticipate State Street Corporation's share price to reach $85.17 in the next year. View Analyst Ratings for State Street Corporation.
What are analysts saying about State Street Corporation stock?
Here are some recent quotes from research analysts about State Street Corporation stock:
- 1. Credit Suisse Group analysts commented, "We have adapted our earnings model for State Street to account for both net interest income and processing fees on a nonGAAP FTE basis. In this process, and considering current market and macro trends, our 2017 estimates are unchanged; our 2018 estimates increase modestly, to $6.32 from $6.25 per share. Factoring in this estimate increase, our target price increases to $82 from $80. Risks to realization of that higher target price are tied to the macro environment/market values and operating leverage realization." (3/21/2017)
- 2. According to Zacks Investment Research, "State Street's shares underperformed the Zacks categorized Major Regional Banks industry, over the last six months. Notably, the company’s fourth quarter 2016 earnings beat the Zacks Consensus Estimate, driven by revenue growth. However, a significant rise in expenses was the headwind. The company expects easing margin pressure to further support top line growth along with synergies from the acquisition of GE Asset Management. Moreover, the company remains on track to improve efficiency through its multi-year restructuring plan. Nevertheless, mounting expenses are expected to continue hurting the bottom line in the upcoming quarters. Also, stringent regulations remain near term concern." (1/27/2017)
Who are some of State Street Corporation's key competitors?
Some companies that are related to State Street Corporation include Brookfield Asset Management (BAM), Franklin Resources (BEN), Northern Trust Corporation (NTRS), AMERIPRISE FINANCIAL SERVICES, INC. (AMP), Affiliated Managers Group (AMG), 3i Group plc (III), Oaktree Capital Group, LLC (OAK), Apollo Global Management, LLC (APO), Intermediate Capital Group plc (ICP), Noah Holdings (NOAH), Gamco Investors (GBL), Goldman Sachs BDC (GSBD), Sanne Group PLC (SNN), IP Group Plc (IPO), Allied Minds PLC (ALM), Arlington Asset Investment Corp (AI), Safeguard Scientifics (SFE) and Mattioli Woods plc (MTW).
Who are State Street Corporation's key executives?
State Street Corporation's management team includes the folowing people:
- Joseph L. Hooley, Chairman of the Board, Chief Executive Officer
- Michael F. Rogers, President, Chief Operating Officer
- Ronald P. O'Hanley, Vice Chairman of the Board, Chief Executive Officer and President of State Street Global Advisors
- Alison A. Quirk, Executive Vice President, Chief Human Resources and Citizenship Officer
- Karen C. Keenan, Executive Vice President, Chief Administrative Officer
- Antoine Shagoury, Executive Vice President, Global Chief Information Officer
- Andrew P. Kuritzkes, Executive Vice President, Chief Risk Officer
- Jeffrey N. Carp, Executive Vice President, Chief Legal Officer, Secretary
- Eric W. Aboaf, Executive Vice President
- Jeffrey D. Conway, Executive Vice President and Chief Executive Officer for Europe, the Middle East and Africa
Who owns State Street Corporation stock?
State Street Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (8.11%), Vanguard Group Inc. (6.17%), BlackRock Inc. (5.39%), State Street Corp (4.96%), FMR LLC (4.73%) and Barrow Hanley Mewhinney & Strauss LLC (1.70%). Company insiders that own State Street Corporation stock include Alina Mihaela Osorio, Andrew Erickson, Andrew P Kuritzkes, Bradley Berger, Enviro Corp Stt, George E Sullivan, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Robert Donald Bruce Genovese, Sean P Newth and Wai-Kwong Seck. View Institutional Ownership Trends for State Street Corporation.
Who sold State Street Corporation stock? Who is selling State Street Corporation stock?
State Street Corporation's stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Morgan Stanley, Ameriprise Financial Inc., American Century Companies Inc., Barrow Hanley Mewhinney & Strauss LLC, Crestwood Advisors Group LLC, Capital Fund Management S.A. and Teachers Advisors LLC. Company insiders that have sold State Street Corporation stock in the last year include Andrew Erickson, Andrew P Kuritzkes, George E Sullivan, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Sean P Newth and Wai-Kwong Seck. View Insider Buying and Selling for State Street Corporation.
Who bought State Street Corporation stock? Who is buying State Street Corporation stock?
State Street Corporation's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Longview Partners Guernsey LTD, Boston Partners, Vanguard Group Inc., Thrivent Financial For Lutherans, FMR LLC, Janus Capital Management LLC and Sustainable Growth Advisers LP. Company insiders that have bought State Street Corporation stock in the last two years include Alina Mihaela Osorio, Bradley Berger and Enviro Corp Stt. View Insider Buying and Selling for State Street Corporation.
How do I buy State Street Corporation stock?
Shares of State Street Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is State Street Corporation's stock price today?
MarketBeat Community Rating for State Street Corporation (NYSE STT)MarketBeat's community ratings are surveys of what our community members think about State Street Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of State Street Corporation stock can currently be purchased for approximately $87.24.
Consensus Ratings for State Street Corporation (NYSE:STT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 10 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.08)|
|Consensus Price Target: ||$85.17 (2.38% downside)|
Analysts' Ratings History for State Street Corporation (NYSE:STT)
(Data available from 6/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/19/2017||Jefferies Group LLC||Reiterated Rating||Hold||$87.00||Low|
|5/26/2017||Bank of America Corporation||Reiterated Rating||Neutral -> Neutral||$88.00||Low|
|5/1/2017||Goldman Sachs Group, Inc. (The)||Boost Price Target||Buy||$88.00 -> $92.00||Low|
|4/26/2017||Keefe, Bruyette & Woods||Set Price Target||Hold||$88.00||Low|
|4/24/2017||Deutsche Bank AG||Lower Price Target||Hold||$81.00 -> $80.00||Low|
|4/11/2017||Citigroup Inc.||Boost Price Target||Neutral||$82.00 -> $88.00||Low|
|3/21/2017||Credit Suisse Group||Reiterated Rating||Neutral||$80.00 -> $82.00||High|
|3/3/2017||Evercore ISI||Downgrade||Hold -> Underperform||$82.00||N/A|
|1/31/2017||Morgan Stanley||Upgrade||Underweight -> Equal Weight||N/A|
|1/26/2017||Argus||Downgrade||Buy -> Hold||N/A|
|1/4/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$86.00||N/A|
|1/3/2017||Barclays PLC||Boost Price Target||Overweight||$77.00 -> $92.00||N/A|
|9/6/2016||Sandler O'Neill||Downgrade||Buy -> Hold||$73.00||N/A|
|6/21/2016||Buckingham Research||Reiterated Rating||Buy||N/A|
|1/7/2016||J P Morgan Chase & Co||Upgrade||Underweight -> Neutral||$70.50||N/A|
|8/9/2015||Standpoint Research||Reiterated Rating||Hold||$81.00||N/A|
Earnings History for State Street Corporation (NYSE:STT)Earnings History by Quarter for State Street Corporation (NYSE STT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017|| || || || || || || || |
|4/26/2017||Q1 2017||$1.10||$1.21||$2.75 billion||$2.67 billion||View||N/A|
|1/25/2017||Q416||$1.32||$1.48||$2.78 billion||$2.50 billion||View||N/A|
|10/26/2016||Q316||$1.25||$1.35||$2.72 billion||$2.62 billion||View||Listen|
|7/27/2016||Q216||$1.26||$1.46||$2.65 billion||$2.57 billion||View||Listen|
|4/27/2016||Q116||$0.90||$0.98||$2.57 billion||$2.57 billion||View||Listen|
|1/27/2016||Q415||$1.18||$1.21||$2.64 billion||$2.54 billion||View||Listen|
|10/23/2015||Q315||$1.25||$1.16||$2.69 billion||$2.60 billion||View||Listen|
|7/24/2015||Q215||$1.37||$1.37||$2.73 billion||$2.61 billion||View||Listen|
|4/24/2015||Q115||$1.05||$1.17||$2.67 billion||$2.61 billion||View||N/A|
|1/23/2015||Q414||$1.25||$1.37||$2.65 billion||$2.70 billion||View||Listen|
|10/24/2014||Q314||$1.21||$1.35||$2.61 billion||$2.58 billion||View||Listen|
|7/22/2014||Q214||$1.27||$1.39||$2.61 billion||$2.68 billion||View||Listen|
|4/25/2014||Q114||$1.00||$0.81||$2.53 billion||$2.49 billion||View||Listen|
|1/24/2014||Q413||$1.20||$1.15||$2.50 billion||$2.50 billion||View||Listen|
|10/22/2013||Q313||$1.19||$1.19||$2.51 billion||$2.47 billion||View||Listen|
|7/19/2013||Q2 2013||$1.18||$1.24||$2.54 billion||$2.56 billion||View||Listen|
|4/19/2013||Q1 2013||$0.93||$0.96||$2.48 billion||$2.47 billion||View||Listen|
|1/18/2013||Q4 2012||$1.01||$1.11||$2.36 billion||$2.46 billion||View||Listen|
Earnings Estimates for State Street Corporation (NYSE:STT)
2017 EPS Consensus Estimate: $5.88
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for State Street Corporation (NYSE:STT)
|Dividend Growth:||11.10% (3 Year Average)|
|Payout Ratio:||28.46% (Trailing 12 Months of Earnings) |
25.85% (Based on This Year's Estimates)
23.07% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for State Street Corporation (NYSE STT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for State Street Corporation (NYSE:STT)
Insider Ownership Percentage: 0.64%Insider Trades by Quarter for State Street Corporation (NYSE:STT)
Institutional Ownership Percentage: 87.99%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/13/2017||Jeffrey N. Carp||EVP||Sell||2,656||$87.88||$233,409.28|| |
|6/13/2017||Joseph L. Hooley||Chairman||Sell||5,666||$87.88||$497,928.08|| |
|5/16/2017||George E Sullivan||Insider||Sell||2,718||$81.81||$222,359.58|| |
|5/16/2017||Sean P Newth||CAO||Sell||29||$81.81||$2,372.49|| |
|5/2/2017||Andrew Erickson||Insider||Sell||2,000||$83.28||$166,560.00|| |
|4/20/2017||Karen C Keenan||EVP||Sell||1,000||$78.56||$78,560.00|| |
|2/27/2017||Wai-Kwong Seck||Insider||Sell||20,000||$79.04||$1,580,800.00|| |
|2/16/2017||Andrew P. Kuritzkes||EVP||Sell||4,675||$80.59||$376,758.25|| |
|2/16/2017||Sean P Newth||CAO||Sell||176||$80.59||$14,183.84|| |
|1/20/2017||Karen C Keenan||EVP||Sell||1,000||$79.12||$79,120.00|| |
|11/16/2016||Sean P Newth||CAO||Sell||54||$77.58||$4,189.32|| |
|11/14/2016||Jeffrey N. Carp||EVP||Sell||2,926||$77.38||$226,413.88|| |
|10/20/2016||Karen C Keenan||EVP||Sell||1,000||$70.57||$70,570.00|| |
|10/3/2016||Jeffrey N. Carp||EVP||Sell||15,000||$69.26||$1,038,900.00|| |
|8/30/2016||Karen C Keenan||EVP||Sell||7,500||$70.00||$525,000.00|| |
|8/16/2016||Sean P Newth||CAO||Sell||54||$68.64||$3,706.56|| |
|7/28/2016||Karen C Keenan||EVP||Sell||7,500||$65.00||$487,500.00|| |
|7/27/2016||Jeffrey N. Carp||EVP||Sell||40,196||$61.76||$2,482,504.96|| |
|7/20/2016||Karen C Keenan||EVP||Sell||1,000||$57.51||$57,510.00|| |
|7/13/2016||Jeffrey N. Carp||EVP||Sell||5,000||$55.00||$275,000.00|| |
|7/1/2016||Jeffrey N. Carp||EVP||Sell||45,000||$53.80||$2,421,000.00|| |
|4/1/2016||Jeffrey N Carp||EVP||Sell||25,000||$58.00||$1,450,000.00|| |
|2/25/2016||Enviro Corp. Stt||Insider||Buy||121,500||$0.19||$23,085.00|
|2/16/2016||Andrew P. Kuritzkes||EVP||Sell||8,295||$55.02||$456,390.90|| |
|1/29/2016||Sean P Newth||CAO||Sell||500||$53.63||$26,815.00|| |
|1/20/2016||Enviro Corp. Stt||Insider||Buy||75,000||$0.19||$14,250.00|
|1/18/2016||Enviro Corp. Stt||Insider||Buy||8,000||$0.20||$1,560.00|
|1/15/2016||Enviro Corp. Stt||Insider||Buy||70,000||$0.20||$14,000.00|
|1/13/2016||Enviro Corp. Stt||Insider||Buy||80,000||$0.21||$16,800.00|
|11/23/2015||Enviro Corp. Stt||Insider||Buy||100,000||$0.22||$22,000.00|
|11/23/2015||Joseph L Hooley||CEO||Sell||36,871||$72.98||$2,690,845.58|| |
|11/18/2015||Enviro Corp. Stt||Insider||Buy||100,000||$0.23||$23,000.00|
|11/16/2015||Enviro Corp. Stt||Insider||Buy||147,500||$0.25||$36,137.50|
|11/12/2015||Jeffrey N. Carp||EVP||Sell||4,836||$71.21||$344,371.56|| |
|10/28/2015||Joseph L Hooley||CEO||Sell||36,308||$70.00||$2,541,560.00|| |
|10/26/2015||Enviro Corp. Stt||Insider||Buy||70,000||$0.25||$17,500.00|
|10/20/2015||Enviro Corp. Stt||Insider||Buy||100,000||$0.26||$26,000.00|
|10/1/2015||Jeffrey N. Carp||EVP||Sell||25,000||$66.74||$1,668,500.00|| |
|7/15/2015||Alina Mihaela Osorio||Director||Buy||100,000||$0.27||$27,000.00|
|7/15/2015||Robert Donald Bruce Genovese||Insider||Sell||4,500,000||$0.27||$1,215,000.00|
|7/14/2015||Robert Donald Bruce Genovese||Insider||Sell||200,000||$0.28||$56,000.00|
|6/10/2015||Alison A Quirk||EVP||Sell||5,332||$80.00||$426,560.00|| |
|5/28/2015||Christopher Perretta||EVP||Sell||7,493||$78.61||$589,024.73|| |
|4/28/2015||Andrew P Kuritzkes||EVP||Sell||23,483||$76.27||$1,791,048.41|| |
|3/3/2015||James S Phalen||Vice Chairman||Sell||10,842||$74.88||$811,848.96|| |
|2/26/2015||Christopher Perretta||EVP||Sell||10,000||$74.91||$749,100.00|| |
|2/24/2015||Scott F Powers||CEO||Sell||51,986||$77.98||$4,053,868.28|| |
|2/24/2015||Wai-Kwong Seck||EVP||Sell||15,000||$78.10||$1,171,500.00|| |
|2/17/2015||James S Phalen||Vice Chairman||Sell||56,383||$75.89||$4,278,905.87|| |
|2/17/2015||Peter O'neill||EVP||Sell||8,000||$75.79||$606,320.00|| |
|11/21/2014||John L Jr. Klinck||EVP||Sell||25,653||$76.50||$1,962,454.50|| |
|11/19/2014||Sean P Newth||CAO||Sell||1,737||$75.76||$131,595.12|| |
|11/3/2014||James S Phalen||Chairman||Sell||14,514||$75.55||$1,096,532.70|| |
|5/1/2014||Andrew Kuritzkes||EVP||Sell||26,133||$64.53||$1,686,362.49|| |
|5/1/2014||James Phalen||Chairman||Sell||19,530||$64.66||$1,262,809.80|| |
|2/19/2014||Christopher Perretta||EVP||Sell||25,388||$68.20||$1,731,461.60|| |
|2/18/2014||Alison Quirk||EVP||Sell||18,000||$68.19||$1,227,420.00|| |
|2/4/2014||Peter O'neill||EVP||Sell||12,600||$65.18||$821,268.00|| |
|1/28/2014||Alison Quirk||EVP||Sell||1,961||$68.57||$134,465.77|| |
|1/28/2014||James Malerba||CAO||Sell||1,750||$68.55||$119,962.50|| |
|8/28/2013||Michael Rogers||EVP||Sell||250,000||$67.93||$16,982,500.00|| |
|8/22/2013||John Jr. Klinck||EVP||Sell||18,474||$69.38||$1,281,726.12|| |
|8/13/2013||James Malerba||CAO||Sell||1,750||$69.07||$120,872.50|| |
|8/13/2013||James Phalen||EVP||Sell||38,000||$69.27||$2,632,260.00|| |
|7/22/2013||Joseph C Antonellis||Chairman||Sell||29,491||$69.76||$2,057,292.16|| |
|7/22/2013||Scott F Powers||CEO||Sell||64,930||$69.66||$4,523,023.80|| |
|5/30/2013||Andrew P Kuritzkes||EVP||Sell||7,000||$67.27||$470,890.00|| |
|5/30/2013||Edward J Resch||CFO||Sell||162,000||$67.20||$10,886,400.00|| |
|5/23/2013||James J Malerba||CAO||Sell||1,500||$64.20||$96,300.00|| |
|5/15/2013||Alison A Quirk||EVP||Sell||3,673||$63.44||$233,015.12|| |
|11/23/2012||Joseph L Hooley||CEO||Sell||93,300||$45.68||$4,261,944.00|| |
|8/22/2012||Edward J Resch||CFO||Sell||50,000||$41.81||$2,090,500.00|| |
|8/20/2012||James J Malerba||CAO||Sell||4,500||$41.88||$188,460.00|| |
Headline Trends for State Street Corporation (NYSE:STT)
Latest Headlines for State Street Corporation (NYSE:STT)
State Street Corporation (STT) Chart for Saturday, June, 24, 2017