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

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$72.18 -0.06 (-0.08 %)
(As of 02/22/2019 07:25 AM ET)
Previous Close$72.24
Today's Range$71.64 - $72.38
52-Week Range$57.87 - $110.33
Volume2.26 million shs
Average Volume2.94 million shs
Market Capitalization$27.40 billion
P/E Ratio10.00
Dividend Yield2.60%
Beta1.36
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company 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. It also provides investment management services, such as investment management, investment research, and investment advisory services to corporations, public funds, and other sophisticated investors, as well as offers passive and active asset management strategies across equity, fixed-income, alternative, multi-asset solutions, and cash asset classes. The company offers 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$12.97 billion
Cash Flow$8.2491 per share
Book Value$55.59 per share

Profitability

Net Income$2.60 billion

Miscellaneous

Employees36,643
Market Cap$27.40 billion
Next Earnings Date4/19/2019 (Estimated)
OptionableOptionable

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 13th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.47 per share on Wednesday, January 16th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Monday, December 31st. View State Street's Dividend History.

How will State Street's stock buyback program work?

State Street announced that its Board of Directors has approved a share repurchase plan on Thursday, June 29th 2017, which permits the company to buyback $1,400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

How were State Street's earnings last quarter?

State Street Corp (NYSE:STT) announced its earnings results on Friday, January, 18th. The asset manager reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.67 by $0.01. 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 20.05% and a return on equity of 14.44%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. View State Street's Earnings History.

When is State Street's next earnings date?

State Street is scheduled to release their next quarterly earnings announcement on Friday, April 19th 2019. View Earnings Estimates for State Street.

What price target have analysts set for STT?

16 brokers have issued 1-year price objectives for State Street's shares. Their forecasts range from $64.99 to $115.00. On average, they anticipate State Street's share price to reach $86.12 in the next year. This suggests a possible upside of 19.3% from the stock's current price. View Analyst Price Targets for State Street.

What is the consensus analysts' recommendation for State Street?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 8 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for State Street.

Has State Street been receiving favorable news coverage?

News coverage about STT stock has trended very negative on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. State Street earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.

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 JPMorgan Chase & Co. (JPM), General Electric (GE), Verizon Communications (VZ), Intel (INTC), Bank of America (BAC), Wells Fargo & Co (WFC), Gilead Sciences (GILD), Ford Motor (F), AT&T (T) and Boeing (BA).

Who are State Street's key executives?

State Street's management team includes the folowing people:
  • Mr. Ronald Philip O'Hanley, Pres, CEO & Director (Age 62)
  • Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 55)
  • Mr. Andrew J. Erickson, Exec. VP & Head of Global Services (Age 49)
  • Mr. Cyrus Russi Taraporevala, Pres & CEO of State Street Global Advisors (Age 53)
  • Mr. Ian Appleyard, Exec. VP, Global Controller & Chief Accounting Officer

Who are State Street's major shareholders?

State Street's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (7.82%), BlackRock Inc. (7.13%), Longview Partners Guernsey LTD (2.90%), Harris Associates L P (2.16%), Barrow Hanley Mewhinney & Strauss LLC (1.76%) and Bank of New York Mellon Corp (1.42%). 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, Louis D Maiuri, Saint-Aignan Patrick De, Sean P Newth and Wai-Kwong Seck. 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 Thrivent Financial for Lutherans, Mackenzie Financial Corp, Prudential Financial Inc., Boston Partners, Public Employees Retirement System of Ohio, Longview Partners Guernsey LTD, Eaton Vance Management and Squarepoint Ops LLC. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Jeff D Conway, Joseph L Hooley and Karen C Keenan. View Insider Buying and Selling for State Street.

Which institutional investors are buying State Street stock?

STT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Oregon Public Employees Retirement Fund, Massachusetts Financial Services Co. MA, Yacktman Asset Management LP, Harris Associates L P, Barrow Hanley Mewhinney & Strauss LLC, Lakewood Capital Management LP and Bank of New York Mellon Corp. Company insiders that have bought State Street stock in the last two years include Louis D Maiuri and Saint-Aignan Patrick De. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is State Street's stock price today?

One share of STT stock can currently be purchased for approximately $72.18.

How big of a company is State Street?

State Street has a market capitalization of $27.40 billion and generates $12.97 billion in revenue each year. The asset manager earns $2.60 billion in net income (profit) each year or $7.22 on an earnings per share basis. State Street employs 36,643 workers across the globe.

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:  536 (Vote Outperform)
Underperform Votes:  691 (Vote Underperform)
Total Votes:  1,227
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 2/22/2019 by MarketBeat.com Staff

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