NYSE:STT - State Street Stock Price, News, & Analysis

State Street trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT."

State Street declared a quarterly dividend on Thursday, July 19th. Stockholders of record on Monday, October 1st will be given a dividend of $0.47 per share on Monday, October 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, September 28th. This is an increase from State Street's previous quarterly dividend of $0.42. View State Street's Dividend History.

State Street declared that its Board of Directors has authorized a stock buyback plan on Thursday, June 29th 2017, which allows the company to buyback $1,400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

State Street Corp (NYSE:STT) posted its quarterly earnings data on Friday, July, 20th. The asset manager reported $1.88 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.01 by $0.13. The asset manager earned $3.03 billion during the quarter, compared to analysts' expectations of $3.05 billion. State Street had a net margin of 19.56% and a return on equity of 14.98%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. View State Street's Earnings History.

State Street is scheduled to release their next quarterly earnings announcement on Monday, October, 22nd 2018. View Earnings Estimates for State Street.

11 analysts have issued twelve-month price targets for State Street's stock. Their forecasts range from $91.00 to $131.00. On average, they expect State Street's stock price to reach $105.6923 in the next year. This suggests a possible upside of 18.0% from the stock's current price. View Analyst Price Targets for State Street.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for State Street.

State Street saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,415,780 shares, a drop of 32.7% from the August 15th total of 3,589,788 shares. Based on an average daily volume of 2,072,720 shares, the short-interest ratio is currently 1.2 days. Currently, 0.6% of the company's stock are short sold. View State Street's Current Options Chain.

Some companies that are related to State Street include Bank of Nova Scotia (BNS), Itau Unibanco (ITUB), Bank of New York Mellon (BK), Banco Bradesco (BBD), M&T Bank (MTB), Deutsche Bank (DB), Northern Trust (NTRS), BANCO BRADESCO/S (BBDO), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY) and Western Alliance Bancorporation (WAL).

Media stories about STT stock have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. State Street earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news headlines about the asset manager an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for State Street.

State Street's stock is owned by a number of of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (7.14%), BlackRock Inc. (5.88%), FMR LLC (3.60%), Longview Partners Guernsey LTD (2.18%), Artisan Partners Limited Partnership (1.47%) and Vulcan Value Partners LLC (1.35%). Company insiders that own State Street stock include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Hannah M Grove, Jeff D Conway, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Sean P Newth and Wai-Kwong Seck. View Institutional Ownership Trends for State Street.

STT stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, FMR LLC, Russell Investments Group Ltd., Natixis, BlackRock Inc., Canada Pension Plan Investment Board, Federated Investors Inc. PA and Legal & General Group Plc. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Hannah M Grove, Jeff D Conway, Joseph L Hooley and Karen C Keenan. View Insider Buying and Selling for State Street.

STT stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Vulcan Value Partners LLC, Royal London Asset Management Ltd., Cooke & Bieler LP, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund, Hermes Investment Management Ltd., Marshall Wace LLP and Meadow Creek Investment Management LLC. View Insider Buying and Selling for State Street.

Shares of STT 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.

One share of STT stock can currently be purchased for approximately $89.57.

State Street has a market capitalization of $31.32 billion and generates $11.81 billion in revenue each year. The asset manager earns $2.18 billion in net income (profit) each year or $5.96 on an earnings per share basis. State Street employs 36,643 workers across the globe.

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]