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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Ford Stock Going Forward After Big Earnings Flop
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Indian tycoon Adani hit by more losses, calls for probe
Ford, Starbucks fall; Clorox, Gilead Sciences rise
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Ford Stock Going Forward After Big Earnings Flop
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Indian tycoon Adani hit by more losses, calls for probe
Ford, Starbucks fall; Clorox, Gilead Sciences rise
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Ford Stock Going Forward After Big Earnings Flop
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Indian tycoon Adani hit by more losses, calls for probe
Ford, Starbucks fall; Clorox, Gilead Sciences rise
NYSE:STT

State Street - STT Stock Forecast, Price & News

$91.08
-1.29 (-1.40%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$90.50
$92.97
50-Day Range
$73.52
$92.37
52-Week Range
$58.62
$103.76
Volume
3.25 million shs
Average Volume
3.23 million shs
Market Capitalization
$33.42 billion
P/E Ratio
12.67
Dividend Yield
2.73%
Price Target
$87.89

State Street MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
3.5% Downside
$87.89 Price Target
Short Interest
Healthy
0.95% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.21mentions of State Street in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.76%
From $8.50 to $9.33 Per Share

Overall MarketRank

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

2.61 out of 5 stars

Finance Sector

183rd out of 865 stocks

State Commercial Banks Industry

41st out of 186 stocks

STT stock logo

About State Street (NYSE:STT) Stock

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The firm operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1792

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STT Stock News Headlines

“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Analysts Set State Street Co. (NYSE:STT) PT at $87.68
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
State Street Corporation (STT) Could Be a Great Choice
State Street (NYSE:STT) PT Raised to $93.00 at Morgan Stanley
See More Headlines
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STT Company Calendar

Last Earnings
10/17/2021
Ex-Dividend for 1/13 Dividend
12/30/2022
Dividend Payable
1/13/2023
Today
2/04/2023
Next Earnings (Estimated)
4/13/2023
Fiscal Year End
12/31/2023

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
$87.89
High Stock Price Forecast
$116.00
Low Stock Price Forecast
$74.50
Forecasted Upside/Downside
-3.5%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$2.77 billion
Pretax Margin
24.30%

Debt

Sales & Book Value

Annual Sales
$13.69 billion
Cash Flow
$8.32 per share
Book Value
$63.27 per share

Miscellaneous

Free Float
366,023,000
Market Cap
$33.42 billion
Optionable
Optionable
Beta
1.59

Social Links


Key Executives

  • Ron O'Hanley
    Chairman & Chief Executive Officer
  • Louis D. Maiuri
    President, COO & Head-Investment Services
  • Eric W. Aboaf
    Vice Chairman-Management Board & CFO
  • Brian Franz
    Chief Information Officer & Executive VP
  • Andrew Zitney
    Chief Technology Officer & Executive VP













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 9 hold ratings and 2 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 2023?

11 Wall Street research analysts have issued 12-month target prices for State Street's shares. Their STT share price forecasts range from $74.50 to $116.00. On average, they anticipate the company's stock price to reach $87.89 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for STT
or view top-rated stocks among Wall Street analysts.

How have STT shares performed in 2023?

State Street's stock was trading at $77.57 at the start of the year. Since then, STT stock has increased by 17.4% and is now trading at $91.08.
View the best growth stocks for 2023 here
.

Are investors shorting State Street?

State Street saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,490,000 shares, an increase of 33.2% from the December 31st total of 2,620,000 shares. Based on an average daily trading volume, of 2,830,000 shares, the days-to-cover ratio is currently 1.2 days.
View State Street's Short Interest
.

When is State Street's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 13th 2023.
View our STT earnings forecast
.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) posted its quarterly earnings data on Sunday, October, 17th. The asset manager reported $2.00 earnings per share (EPS) for the quarter, beating 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 net margin of 20.92% and a trailing twelve-month return on equity of 12.03%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, December 15th. Investors of record on Tuesday, January 3rd will be paid a dividend of $0.63 per share on Friday, January 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, December 30th.
Read our dividend analysis for STT
.

Is State Street a good dividend stock?

State Street (NYSE:STT) pays an annual dividend of $2.52 per share and currently has a dividend yield of 2.73%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 27.01% 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 retail and institutional investors. Top institutional investors include Yacktman Asset Management LP (0.95%), Metropolis Capital Ltd (0.81%), Coho Partners Ltd. (0.70%), Newport Trust Co (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.39%) and New York State Common Retirement Fund (0.20%). Insiders that own company stock include Andrew Erickson, Andrew P Kuritzkes, Cyrus Taraporevala, David C Phelan, Francisco Aristeguieta, Ian Appleyard, John Lehner, Michael L Richards 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 $91.08.

How much money does State Street make?

State Street (NYSE:STT) has a market capitalization of $33.42 billion and generates $13.69 billion in revenue each year. The asset manager earns $2.77 billion in net income (profit) each year or $7.19 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.
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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 2/4/2023 by MarketBeat.com Staff