About State Street (NYSE:STT)
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
Industry Investment Management & Fund Operators
Sub-IndustryAsset Management & Custody Banks
Trailing P/E Ratio18.6499456671502
Forward P/E Ratio17.16
Sales & Book Value
Annual Sales$10.64 billion
Price / Sales3.75
Cash Flow$8.47 per share
Price / Cash12.70
Book Value$46.72 per share
Price / Book2.30
Net Income$2.14 billion
Return on Equity13.03%
Return on Assets1.01%
State Street (NYSE:STT) Frequently Asked Questions
What is State Street's stock symbol?
State Street trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT."
How often does State Street pay dividends? What is the dividend yield for State Street?
State Street announced a quarterly dividend on Thursday, December 14th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.42 per share on Wednesday, January 17th. This represents a $1.68 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, December 29th. View State Street's Dividend History.
How will State Street's stock buyback program work?
State Street declared that its board has initiated a share repurchase program on Thursday, June 29th 2017, which authorizes the company to buyback $1,400,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.
How were State Street's earnings last quarter?
State Street Corp (NYSE:STT) released its quarterly earnings results on Monday, October, 23rd. The asset manager reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.61 by $0.10. The asset manager earned $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. State Street had a net margin of 20.56% and a return on equity of 13.03%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. View State Street's Earnings History.
When will State Street make its next earnings announcement?
Where is State Street's stock going? Where will State Street's stock price be in 2018?
15 brokers have issued twelve-month price objectives for State Street's shares. Their predictions range from $80.00 to $120.00. On average, they anticipate State Street's stock price to reach $101.21 in the next twelve months. View Analyst Ratings for State Street.
Who are some of State Street's key competitors?
Some companies that are related to State Street include UBS Group (UBS), Bank Of New York Mellon (BK), Brookfield Asset Management (BAM), Ameriprise Financial (AMP), Franklin Resources (BEN), Northern Trust (NTRS), Affiliated Managers Group (AMG), Schroders (SDR), Schroders (SDRC), 3i Group (III), Oaktree Capital Group (OAK), Apollo Global Management (APO), Janus Henderson Group (HGG), Legg Mason (LM), Intermediate Capital Group (ICP), Fortress Investment Group (FIG), Noah (NOAH) and Janus Capital Group (JNS).
Who are State Street's key executives?
State Street's management team includes the folowing people:
- Joseph L. Hooley, Chairman of the Board, Chief Executive Officer (Age 60)
- Ronald P. O'Hanley, President, Vice Chairman of the Board, Chief Operating Officer (Age 60)
- Alison A. Quirk, Executive Vice President, Chief Human Resources and Citizenship Officer (Age 55)
- Karen C. Keenan, Executive Vice President, Chief Administrative Officer (Age 54)
- Antoine Shagoury, Executive Vice President, Global Chief Information Officer (Age 46)
- Andrew P. Kuritzkes, Executive Vice President, Chief Risk Officer (Age 56)
- Jeffrey N. Carp, Executive Vice President, Chief Legal Officer, Secretary (Age 60)
- Eric W. Aboaf, Executive Vice President (Age 52)
- Jeffrey D. Conway, Executive Vice President and Chief Executive Officer for Europe, the Middle East and Africa (Age 51)
- Andrew J. Erickson, Executive Vice President and head of Investment Services business in the Americas (Age 47)
Who owns State Street stock?
State Street's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Schwab Charles Investment Management Inc. (0.35%), Bank of Montreal Can (0.24%), Country Trust Bank (0.12%), National Pension Service (0.09%), Gillespie Robinson & Grimm Inc. (0.08%) and Professional Advisory Services Inc. (0.03%). Company insiders that own State Street stock include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, Enviro Corp Stt, George E Sullivan, Hannah M Grove, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Sean P Newth and Wai-Kwong Seck. View Institutional Ownership Trends for State Street.
Who sold State Street stock? Who is selling State Street stock?
State Street's stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Bank of Montreal Can, Schwab Charles Investment Management Inc., Exxonmobil Investment Management Inc. TX, National Pension Service, Addenda Capital Inc., Oakbrook Investments LLC and First Citizens Bank & Trust Co.. Company insiders that have sold State Street company stock in the last year include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Hannah M Grove, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Sean P Newth and Wai-Kwong Seck. View Insider Buying and Selling for State Street.
Who bought State Street stock? Who is buying State Street stock?
State Street's stock was acquired by a variety of institutional investors in the last quarter, including Knowledge Leaders Capital LLC, Pensionfund DSM Netherlands, State of Alaska Department of Revenue, Pensionfund Sabic, First National Trust Co, E&G Advisors LP, McCollum Christoferson Group LLC and Country Trust Bank. View Insider Buying and Selling for State Street.
How do I buy State Street stock?
Shares of State Street can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is State Street's stock price today?
One share of State Street stock can currently be purchased for approximately $107.61.
How big of a company is State Street?
State Street has a market capitalization of $38.96 billion and generates $10.64 billion in revenue each year. The asset manager earns $2.14 billion in net income (profit) each year or $5.77 on an earnings per share basis. State Street employs 33,783 workers across the globe.
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]
MarketBeat Community Rating for State Street (STT)MarketBeat's community ratings are surveys of what our community members think about State Street 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.
State Street (NYSE:STT) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.47||2.36||2.29||2.14|
|Ratings Breakdown: ||1 Sell Rating(s)|
7 Hold Rating(s)
6 Buy Rating(s)
1 Strong Buy Rating(s)
|1 Sell Rating(s)|
8 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s)
|1 Sell Rating(s)|
9 Hold Rating(s)
3 Buy Rating(s)
1 Strong Buy Rating(s)
|2 Sell Rating(s)|
9 Hold Rating(s)
2 Buy Rating(s)
1 Strong Buy Rating(s)
|Consensus Price Target: ||$101.21||$97.69||$94.08||$87.46|
|Price Target Upside: ||0.18% downside||0.29% upside||4.78% downside||3.88% downside|
State Street (NYSE:STT) Consensus Price Target History
State Street (NYSE:STT) Analyst Ratings History
(Data available from 1/20/2016 forward)
State Street (NYSE:STT) Earnings History and Estimates Chart
State Street (NYSE STT) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/23/2017||Q3 2017||$1.61||$1.71||$2.94 billion||$2.97 billion||View||N/A|
|7/26/2017||Q2 2017||$1.57||$1.67||$2.86 billion||$2.81 billion||View||N/A|
|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|
State Street (NYSE:STT) Earnings Estimates
2018 EPS Consensus Estimate: $7.31
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
State Street (NYSE:STT) Dividend Information
|Most Recent Dividend:||1/17/2018|
|Dividend Growth:||11.70% (3 Year Average)|
|Payout Ratio:||29.12% (Trailing 12 Months of Earnings) |
26.79% (Based on This Year's Estimates)
23.05% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
State Street (NYSE:STT) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
State Street (NYSE STT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.71%
Institutional Ownership Percentage: 88.14%
State Street (NYSE STT) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/17/2017||Elizabeth Schaefer||CAO||Sell||170||$92.50||$15,725.00||11,511|| |
|11/16/2017||Andrew Erickson||Insider||Sell||354||$92.00||$32,568.00|| |
|11/2/2017||Hannah M Grove||Insider||Sell||3,200||$92.64||$296,448.00|| |
|11/1/2017||Joseph L Hooley||Chairman||Sell||25,000||$92.60||$2,315,000.00|| |
|8/16/2017||Andrew Erickson||Insider||Sell||353||$93.01||$32,832.53||21,170|| |
|8/16/2017||Sean P Newth||CAO||Sell||261||$93.84||$24,492.24||11,750|| |
|8/10/2017||Hannah M Grove||Insider||Sell||3,200||$92.55||$296,160.00||39,896|| |
|7/28/2017||Amelia C. Fawcett||Director||Sell||5,000||$93.38||$466,900.00|| |
|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||73,090|| |
|5/16/2017||Sean P Newth||CAO||Sell||29||$81.81||$2,372.49||11,850|| |
|5/2/2017||Andrew Erickson||Insider||Sell||2,000||$83.28||$166,560.00||21,523|| |
|4/20/2017||Karen C Keenan||EVP||Sell||1,000||$78.56||$78,560.00||60,934|| |
|2/27/2017||Wai-Kwong Seck||Insider||Sell||20,000||$79.04||$1,580,800.00||60,093|| |
|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||11,461|| |
|1/20/2017||Karen C Keenan||EVP||Sell||1,000||$79.12||$79,120.00||46,229|| |
|11/16/2016||Sean P Newth||CAO||Sell||54||$77.58||$4,189.32||12,530|| |
|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||48,547|| |
|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||49,547|| |
|8/16/2016||Sean P Newth||CAO||Sell||54||$68.64||$3,706.56||12,717|| |
|7/28/2016||Karen C Keenan||EVP||Sell||7,500||$65.00||$487,500.00||58,383|| |
|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||65,883|| |
|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||337,567|| |
|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||7,388|| |
|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||824,178|| |
|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||394,351|| |
|10/28/2015||Joseph L Hooley||CEO||Sell||36,308||$70.00||$2,541,560.00||861,049|| |
|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||394,338|| |
|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||128,547|| |
|5/1/2014||James Phalen||Chairman||Sell||19,530||$64.66||$1,262,809.80||446,024|| |
|2/19/2014||Christopher Perretta||EVP||Sell||25,388||$68.20||$1,731,461.60||58,188|| |
|2/18/2014||Alison Quirk||EVP||Sell||18,000||$68.19||$1,227,420.00||84,705|| |
|2/4/2014||Peter O'neill||EVP||Sell||12,600||$65.18||$821,268.00||121,465|| |
|1/28/2014||Alison Quirk||EVP||Sell||1,961||$68.57||$134,465.77||115,656|| |
|1/28/2014||James Malerba||CAO||Sell||1,750||$68.55||$119,962.50||56,051|| |
|8/28/2013||Michael Rogers||EVP||Sell||250,000||$67.93||$16,982,500.00||652,927|| |
|8/22/2013||John Jr. Klinck||EVP||Sell||18,474||$69.38||$1,281,726.12||171,986|| |
|8/13/2013||James Malerba||CAO||Sell||1,750||$69.07||$120,872.50||57,801|| |
|8/13/2013||James Phalen||EVP||Sell||38,000||$69.27||$2,632,260.00||433,156|| |
|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|| |
State Street (NYSE STT) News Headlines
State Street (NYSE:STT) SEC Filings
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State Street (NYSE:STT) Income Statement, Balance Sheet and Cash Flow Statement
State Street (NYSE STT) Stock Chart for Saturday, January, 20, 2018