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NYSE:STT

State Street - STT Stock Forecast, Price & News

$70.66
+0.33 (+0.47%)
(As of 08/5/2022 03:59 PM ET)
Add
Compare
Today's Range
$69.87
$71.02
50-Day Range
$59.84
$73.13
52-Week Range
$58.79
$104.87
Volume
60,674 shs
Average Volume
2.64 million shs
Market Capitalization
$25.98 billion
P/E Ratio
9.79
Dividend Yield
3.23%
Price Target
$84.12

State Street MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
19.0% Upside
$84.12 Price Target
Short Interest
Healthy
1.07% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
-0.08mentions of State Street in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.50%
From $7.19 to $8.88 Per Share

Overall MarketRank

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

2.92 out of 5 stars

Finance Sector

138th out of 1,207 stocks

State Commercial Banks Industry

24th out of 217 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 Up 0.5 %

Shares of State Street stock traded up $0.33 on Friday, reaching $70.66. 1,470,449 shares of the company were exchanged, compared to its average volume of 2,572,032. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $66.32 and a 200 day moving average of $77.11. State Street has a one year low of $58.79 and a one year high of $104.87. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.23 and a beta of 1.61.

State Street Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Monday, October 3rd will be paid a $0.63 dividend. This is a positive change from State Street's previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, September 30th. State Street's dividend payout ratio is currently 31.58%.

Analysts Set New Price Targets

STT has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on State Street from $95.00 to $71.00 and set an "equal weight" rating for the company in a research report on Friday, July 1st. JPMorgan Chase & Co. decreased their target price on State Street from $82.00 to $74.50 in a research note on Monday, July 11th. Citigroup lifted their price target on State Street to $74.00 in a report on Friday, July 22nd. Piper Sandler cut their price objective on State Street from $78.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, July 1st. Finally, UBS Group decreased their target price on State Street from $101.00 to $91.00 in a research report on Monday, July 11th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $84.12.

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STT Stock News Headlines

Why Did State Street's Stock Rally Despite Weaker Earnings? (STT)
State Street (NYSE: STT) is a financial services firm that provides asset management, custodian services, fund accounting, and administration services. Global Services handles assets from many classes, including stocks, derivatives, exchange-traded funds, fixed income assets, private equity, and real estate.
State Street (NYSE:STT) PT Raised to $74.00 at Citigroup
Global market tumult slows growth in ETF industry
State Street Corp. Reports Fall In Q2 Profit
State Street Q2 Profit Declines 2%
State Street (NYSE:STT) PT Lowered to $65.00
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
8/08/2022
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
$84.12
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+19.0%
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
$11.86 per share
Book Value
$69.43 per share

Miscellaneous

Free Float
366,700,000
Market Cap
$25.98 billion
Optionable
Optionable
Beta
1.61

Social Links


Key Executives














STT Stock - Frequently Asked Questions

Should I buy or sell State Street stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" State Street stock. 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 analyst ratings for State Street
or view top-rated stocks.

What is State Street's stock price forecast for 2022?

11 analysts have issued 12-month target prices for State Street's stock. Their STT stock forecasts range from $65.00 to $115.00. On average, they anticipate State Street's share price to reach $84.12 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price.
View analysts' price targets for State Street
or view top-rated stocks among Wall Street analysts.

How has State Street's stock performed in 2022?

State Street's stock was trading at $93.00 at the beginning of the year. Since then, STT shares have decreased by 24.0% and is now trading at $70.66.
View the best growth stocks for 2022 here
.

When is State Street's next earnings date?

State Street is scheduled to release its next quarterly earnings announcement on Monday, October 17th 2022.
View our earnings forecast for State Street
.

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 (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.08. The asset manager had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.96 billion. State Street had a net margin of 22.61% and a trailing twelve-month return on equity of 11.64%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS.
Read State Street's 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 21st. Investors of record on Monday, October 3rd will be given a dividend of $0.63 per share on Thursday, October 13th. This represents a $2.52 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, September 30th. This is an increase from State Street's previous quarterly dividend of $0.57.
View State Street's dividend history
.

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 3.23%. State Street 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 of State Street is 31.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, State Street will have a dividend payout ratio of 25.68% next year. This indicates that State Street will be able to sustain or increase its dividend.
View State Street's dividend history.

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.

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 a variety of retail and institutional investors. Top institutional shareholders include Cooke & Bieler LP (1.12%), Yacktman Asset Management LP (0.95%), Metropolis Capital Ltd (0.86%), Coho Partners Ltd. (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.45%) and Van ECK Associates Corp (0.37%). 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
.

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 $70.66.

How much money does State Street make?

State Street (NYSE:STT) has a market capitalization of $25.98 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?

State Street 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 State Street 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 8/8/2022 by MarketBeat.com Staff

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