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

$48.66
-0.76 (-1.54 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$46.16
Now: $48.66
$50.17
50-Day Range
$43.21
MA: $65.07
$80.43
52-Week Range
$42.10
Now: $48.66
$85.89
Volume3.73 million shs
Average Volume4.73 million shs
Market Capitalization$17.24 billion
P/E Ratio8.46
Dividend Yield4.21%
Beta1.54
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product and participant level 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; 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. The company also provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. In addition, it offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer. 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.
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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP85747710
Phone617-786-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.13 billion
Cash Flow$10.49 per share
Book Value$59.04 per share

Profitability

Net Income$2.24 billion

Miscellaneous

Employees39,103
Market Cap$17.24 billion
Next Earnings Date4/28/2020 (Estimated)
OptionableOptionable

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State Street (NYSE:STT) Frequently Asked Questions

How has State Street's stock been impacted by COVID-19 (Coronavirus)?

State Street's stock was trading at $54.19 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, STT shares have decreased by 10.2% and is now trading at $48.66. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of State Street?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 1 sell rating, 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for State Street.

When is State Street's next earnings date?

State Street is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for State Street.

How were State Street's earnings last quarter?

State Street Corp (NYSE:STT) posted its quarterly earnings results on Friday, January, 17th. The asset manager reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.28. The asset manager had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.94 billion. State Street had a net margin of 18.14% and a return on equity of 11.81%. State Street's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. View State Street's earnings history.

How often does State Street pay dividends? What is the dividend yield for State Street?

State Street declared a quarterly dividend on Thursday, February 20th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.52 per share on Wednesday, April 15th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Tuesday, March 31st. View State Street's dividend history.

What price target have analysts set for STT?

16 equities research analysts have issued 1-year price targets for State Street's stock. Their forecasts range from $48.00 to $95.00. On average, they anticipate State Street's stock price to reach $76.36 in the next twelve months. This suggests a possible upside of 56.9% from the stock's current price. View analysts' price targets for State Street.

Has State Street been receiving favorable news coverage?

Media stories about STT stock have trended positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. State Street earned a daily sentiment score of 2.4 on InfoTrie's scale. They also gave headlines about the asset manager a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutState Street.

Are investors shorting State Street?

State Street saw a increase in short interest in February. As of February 28th, there was short interest totaling 6,250,000 shares, an increase of 14.9% from the February 13th total of 5,440,000 shares. Based on an average trading volume of 2,960,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.8% of the shares of the stock are sold short. View State Street's Current Options Chain.

Who are some of State Street's key competitors?

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 Verizon Communications (VZ), NVIDIA (NVDA), Walt Disney (DIS), Ford Motor (F), AT&T (T), Bank of America (BAC), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Visa (V) and Netflix (NFLX).

Who are State Street's key executives?

State Street's management team includes the following people:
  • Mr. Ronald Philip O'Hanley, Pres, CEO & Director (Age 62)
  • Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 55)
  • Ms. Karen C. Keenan, Exec. VP, Chief Admin. Officer & Head of Global Markets (Age 56)
  • Mr. Louis D. Maiuri, Exec. VP & COO (Age 54)
  • Mr. Ian W. Appleyard, Exec. VP, Global Controller & Chief Accounting Officer (Age 54)

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 institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (6.53%), Longview Partners Guernsey LTD (5.32%), FMR LLC (4.93%), State Street Corp (4.89%), Capital International Investors (2.12%) and Geode Capital Management LLC (1.69%). Company insiders that own State Street stock include Andrew Erickson, Andrew P Kuritzkes, George E Sullivan, Gregory L Summe, Hanley Ronald P O, Jeff D Conway, Jeffrey N Carp, Joerg Ambrosius, Joseph L Hooley, Karen C Keenan, Louis D Maiuri, Robert Willett and Saint-Aignan Patrick De. View institutional ownership trends for State Street.

Which institutional investors are selling State Street stock?

STT stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, FMR LLC, Hotchkis & Wiley Capital Management LLC, Caisse DE Depot ET Placement DU Quebec, Capital International Investors, Longview Partners Guernsey LTD, Van ECK Associates Corp, and Kiltearn Partners LLP. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, Jeffrey N Carp, Joerg Ambrosius, Joseph L Hooley, Karen C Keenan, and Robert Willett. View insider buying and selling activity for State Street.

Which institutional investors are buying State Street stock?

STT stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Investec Asset Management LTD, Nuveen Asset Management LLC, Goldman Sachs Group Inc., Alyeska Investment Group L.P., Samlyn Capital LLC, Geode Capital Management LLC, and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have bought State Street stock in the last two years include Gregory L Summe, Hanley Ronald P O, Louis D Maiuri, and Saint-Aignan Patrick De. View insider buying and selling activity for State Street.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is State Street's stock price today?

One share of STT stock can currently be purchased for approximately $48.66.

How big of a company is State Street?

State Street has a market capitalization of $17.24 billion and generates $13.13 billion in revenue each year. The asset manager earns $2.24 billion in net income (profit) each year or $6.17 on an earnings per share basis. State Street employs 39,103 workers across the globe. View additional information about State Street.

What is State Street's official website?

The official website for State Street is http://www.statestreet.com/.

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 (NYSE STT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  611 (Vote Outperform)
Underperform Votes:  795 (Vote Underperform)
Total Votes:  1,406
MarketBeat's community ratings are surveys of what our community members think about State Street and other stocks. Vote "Outperform" if you believe STT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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