State Street Corporation Company Profile (NYSE:STT)

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

State Street Corporation declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.42 per share on Monday, October 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, September 29th. This is a boost from State Street Corporation's previous quarterly dividend of $0.38. View State Street Corporation's Dividend History.

State Street Corporation announced that its Board of Directors has initiated 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 purchase up to 4.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

State Street Corporation (NYSE:STT) posted its quarterly earnings data on Wednesday, July, 26th. The company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.10. The firm earned $2.81 billion during the quarter, compared to the consensus estimate of $2.86 billion. State Street Corporation had a net margin of 19.97% and a return on equity of 12.49%. State Street Corporation's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. View State Street Corporation's Earnings History.

State Street Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for State Street Corporation.

14 equities research analysts have issued 12-month target prices for State Street Corporation's stock. Their predictions range from $80.00 to $115.00. On average, they anticipate State Street Corporation's share price to reach $93.00 in the next year. View Analyst Ratings for State Street Corporation.

Here are some recent quotes from research analysts about State Street Corporation stock:

• 1. According to Zacks Investment Research, "Shares of State Street have significantly outperformed the industry, over the past six months. This performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Further, the company remains on track to improve efficiency through its multi-year restructuring plan. New business wins, synergies from GE Asset Management deal, easing margin pressure and potential lesser regulations are likely to aid top-line growth. However, mounting expenses mainly owing to higher compensation and employee benefit costs are expected to hurt its profitability in the near-term." (9/19/2017)
• 2. Credit Suisse Group analysts commented, "We have adapted our earnings model for State Street to account for both net interest income and processing fees on a nonGAAP FTE basis. In this process, and considering current market and macro trends, our 2017 estimates are unchanged; our 2018 estimates increase modestly, to $6.32 from $6.25 per share. Factoring in this estimate increase, our target price increases to $82 from $80. Risks to realization of that higher target price are tied to the macro environment/market values and operating leverage realization." (3/21/2017)

Some companies that are related to State Street Corporation include BlackRock (BLK), UBS AG (UBS), Bank Of New York Mellon Corporation (The) (BK), Brookfield Asset Management (BAM), Franklin Resources (BEN), Ameriprise Financial Services (AMP), Northern Trust Corporation (NTRS), Affiliated Managers Group (AMG), 3i Group plc (III), Apollo Global Management, LLC (APO), Legg Mason (LM), Oaktree Capital Group, LLC (OAK), Intermediate Capital Group plc (ICP), Fortress Investment Group LLC (FIG), Noah Holdings (NOAH), Waddell & Reed Financial (WDR), Sanne Group PLC (SNN) and IP Group Plc (IPO).

State Street Corporation's management team includes the folowing people:

• Joseph L. Hooley, Chairman of the Board, Chief Executive Officer
• Michael F. Rogers, President, Chief Operating Officer
• Ronald P. O'Hanley, Vice Chairman of the Board, Chief Executive Officer and President of State Street Global Advisors
• Alison A. Quirk, Executive Vice President, Chief Human Resources and Citizenship Officer
• Karen C. Keenan, Executive Vice President, Chief Administrative Officer
• Antoine Shagoury, Executive Vice President, Global Chief Information Officer
• Andrew P. Kuritzkes, Executive Vice President, Chief Risk Officer
• Jeffrey N. Carp, Executive Vice President, Chief Legal Officer, Secretary
• Eric W. Aboaf, Executive Vice President
• Jeffrey D. Conway, Executive Vice President and Chief Executive Officer for Europe, the Middle East and Africa

State Street Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.42%), BlackRock Inc. (5.47%), FMR LLC (5.34%), State Street Corp (4.85%), Longview Partners Guernsey LTD (2.01%) and Harris Associates L P (1.71%). Company insiders that own State Street Corporation stock include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, 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 Corporation.

State Street Corporation's stock was sold by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Boston Partners, State Street Corp, Bank of New York Mellon Corp, Cornerstone Investment Partners LLC, Brandes Investment Partners LP, Wells Fargo & Company MN and American Century Companies Inc.. Company insiders that have sold State Street Corporation stock in the last year include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, 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 Corporation.

State Street Corporation's stock was bought by a variety of institutional investors in the last quarter, including Longview Partners Guernsey LTD, FMR LLC, Parametric Portfolio Associates LLC, Capital International Investors, Artisan Partners Limited Partnership, Coho Partners Ltd., Janus Henderson Group PLC and Vanguard Group Inc.. View Insider Buying and Selling for State Street Corporation.

Shares of State Street Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of State Street Corporation stock can currently be purchased for approximately $95.56.