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NYSE:STT

State Street - STT Stock Forecast, Price & News

$72.26
-1.94 (-2.61%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$71.94
$73.41
50-Day Range
$59.84
$74.93
52-Week Range
$58.79
$104.87
Volume
1.34 million shs
Average Volume
2.55 million shs
Market Capitalization
$26.56 billion
P/E Ratio
10.01
Dividend Yield
3.07%
Price Target
$84.81

State Street MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
17.4% Upside
$84.81 Price Target
Short Interest
Healthy
1.11% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.74mentions of State Street in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
22.58%
From $7.22 to $8.85 Per Share

Overall MarketRank

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

2.91 out of 5 stars

Finance Sector

114th out of 896 stocks

State Commercial Banks Industry

27th out of 187 stocks

STT stock logo

About State Street (NYSE:STT) Stock

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; product accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, 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 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.

State Street Stock Performance

STT opened at $74.20 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.53. The business has a fifty day simple moving average of $66.66 and a 200 day simple moving average of $76.06. State Street has a 1 year low of $58.79 and a 1 year high of $104.87. The company has a market capitalization of $27.28 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.61.

State Street Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Monday, October 3rd will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, September 30th. This is an increase from State Street's previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 3.40%. State Street's dividend payout ratio is 31.58%.

Wall Street Analyst Weigh In

Several research firms have commented on STT. JPMorgan Chase & Co. cut their target price on State Street from $82.00 to $74.50 in a research note on Monday, July 11th. UBS Group lowered their target price on State Street from $101.00 to $91.00 in a research report on Monday, July 11th. Piper Sandler reduced their price target on State Street from $78.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, July 1st. Royal Bank of Canada lowered their price target on State Street from $90.00 to $80.00 in a research report on Tuesday, June 14th. Finally, Wells Fargo & Company lowered their target price on shares of State Street from $95.00 to $71.00 and set an "equal weight" rating on the stock in a report on Friday, July 1st. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $84.81.

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STT Stock News Headlines

Global market tumult slows growth in ETF industry
State Street Corp. Reports Fall In Q2 Profit
State Street Q2 Profit Declines 2%
Earnings Preview For State Street
See More Headlines
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STT Company Calendar

Last Earnings
10/17/2021
Ex-Dividend for 7/11 Dividend
6/30/2022
Dividend Payable
7/11/2022
Today
8/19/2022
Ex-Dividend for 10/13 Dividend
9/30/2022
Dividend Payable
10/13/2022
Next Earnings (Estimated)
10/17/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
85747710
Employees
38,784
Year Founded
1792

Price Target and Rating

Average Stock Price Forecast
$84.81
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$71.00
Forecasted Upside/Downside
+17.4%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$2.69 billion
Pretax Margin
26.17%

Debt

Sales & Book Value

Annual Sales
$12.03 billion
Cash Flow
$11.60 per share
Book Value
$64.72 per share

Miscellaneous

Free Float
366,700,000
Market Cap
$26.56 billion
Optionable
Optionable
Beta
1.61

Social Links


Key Executives

  • Mr. Ronald Philip O'Hanley (Age 65)
    Chairman & CEO
    Comp: $1.11M
  • Mr. Eric Walter Aboaf (Age 58)
    CFO & Vice Chairman
    Comp: $3.22M
  • Mr. Louis D. Maiuri (Age 57)
    Pres, COO & Head of Investment Services
    Comp: $3.21M
  • Mr. Andrew J. EricksonMr. Andrew J. Erickson (Age 52)
    Exec. VP, Chief Productivity Officer & Head of International Bus.
    Comp: $5.49M
  • Mr. Francisco Alberto Aristeguieta Silva (Age 57)
    Exec. VP & Sr. Advisor
    Comp: $6.67M
  • Mr. Aunoy Banerjee (Age 43)
    Exec. VP, Head of Corp. Services & Investments
  • Mr. Ian William Appleyard (Age 57)
    Exec. VP, Global Controller & Chief Accounting Officer
  • Mr. Andrew Zitney
    Exec. VP & Chief Technology Officer for Global Technology Services
  • Mr. Brian J. Franz (Age 57)
    Exec. VP & Global Chief Information Officer
  • Mr. Michael L. Richards (Age 63)
    Exec. VP & Chief Admin. Officer













STT Stock - Frequently Asked Questions

Should I buy or sell State Street stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 7 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 forecast for 2022?

11 equities research analysts have issued 1-year target prices for State Street's shares. Their STT share price forecasts range from $71.00 to $115.00. On average, they predict the company's share price to reach $84.81 in the next year. This suggests a possible upside of 17.4% 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 2022?

State Street's stock was trading at $93.00 at the beginning of the year. Since then, STT stock has decreased by 22.3% and is now trading at $72.26.
View the best growth stocks for 2022 here
.

When is State Street's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 17th 2022.
View our STT earnings forecast
.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) posted its quarterly earnings results on Sunday, October, 17th. The asset manager reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.08. The asset manager earned $2.99 billion during the quarter, compared to analysts' expectations of $2.96 billion. State Street had a trailing twelve-month return on equity of 11.64% and a net margin of 22.61%. The business's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 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, July 21st. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.63 per share on Thursday, October 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Friday, September 30th. This is a boost from the stock's previous quarterly dividend of $0.57.
Read our dividend analysis for STT
.

Is State Street a good dividend stock?

State Street (NYSE:STT) pays an annual dividend of $2.28 per share and currently has a dividend yield of 3.07%. 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 31.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 25.76% 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).

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 institutional and retail investors. Top institutional shareholders include Dodge & Cox (6.06%), State Street Corp (4.73%), Price T Rowe Associates Inc. MD (4.31%), FMR LLC (2.65%), Cooke & Bieler LP (1.12%) and Northern Trust Corp (1.10%). Insiders that own company 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
.

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.

What is State Street's stock price today?

One share of STT stock can currently be purchased for approximately $72.26.

How much money does State Street make?

State Street (NYSE:STT) has a market capitalization of $26.56 billion and generates $12.03 billion in revenue each year. The asset manager earns $2.69 billion in net income (profit) each year or $7.22 on an earnings per share basis.

How many employees does State Street have?

The company employs 38,784 workers across the globe.

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
When was State Street founded?

State Street was founded in 1792.

How can I contact State Street?

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.

This page (NYSE:STT) was last updated on 8/19/2022 by MarketBeat.com Staff

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