NYSE:STT

State Street Stock Forecast, Price & News

$82.45
-2.37 (-2.79 %)
(As of 09/20/2021 12:00 AM ET)
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Today's Range
$80.83
$83.24
50-Day Range
$79.63
$94.28
52-Week Range
$56.63
$94.64
Volume3.47 million shs
Average Volume2.46 million shs
Market Capitalization$28.32 billion
P/E Ratio13.13
Dividend Yield2.45%
Beta1.55
30 days | 90 days | 365 days | Advanced Chart
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State Street logo

About State Street

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company 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 19

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MarketRank

Overall MarketRank

2.95 out of 5 stars

Finance Sector

47th out of 1,332 stocks

State Commercial Banks Industry

7th out of 232 stocks

Analyst Opinion: 3.3Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
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State Street (NYSE:STT) Frequently Asked Questions

Is State Street a buy right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" State Street stock.
View analyst ratings for State Street
or view top-rated stocks.

What stocks does MarketBeat like better than State Street?

Wall Street analysts have given State Street a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but State Street wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is State Street's next earnings date?

State Street is scheduled to release its next quarterly earnings announcement on Friday, October 15th 2021.
View our earnings forecast for State Street
.

How were State Street's earnings last quarter?

State Street Co. (NYSE:STT) released its quarterly earnings results on Thursday, July, 15th. The asset manager reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.18. The asset manager earned $3.03 billion during the quarter, compared to analysts' expectations of $2.95 billion. State Street had a net margin of 20.21% and a trailing twelve-month return on equity of 10.67%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 EPS.
View State Street's earnings history
.

How has State Street's stock price been impacted by COVID-19?

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 stock has increased by 52.1% and is now trading at $82.45.
View which stocks have been most impacted by COVID-19
.

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

State Street announced a quarterly dividend on Thursday, July 15th. Shareholders of record on Friday, October 1st will be given a dividend of $0.57 per share on Tuesday, October 12th. This represents a $2.28 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, September 30th. This is a positive change from State Street's previous quarterly dividend of $0.52.
View State Street's dividend history
.

Is State Street a good dividend stock?

State Street pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.45%. The dividend payout ratio of State Street is 31.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, State Street will have a dividend payout ratio of 24.67% next year. This indicates that State Street will be able to sustain or increase its dividend.
View State Street's dividend history.

What price target have analysts set for STT?

12 brokers have issued 12-month price targets for State Street's shares. Their forecasts range from $75.00 to $122.00. On average, they anticipate State Street's share price to reach $93.33 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
View analysts' price targets for State Street
or view top-rated stocks among Wall Street analysts.

Who are State Street's key executives?

State Street's management team includes the following people:
  • Ron O'Hanley, Chairman, President & Chief Executive Officer
  • Louis D. Maiuri, Chief Operating Officer & Executive Vice President
  • Eric W. Aboaf, Chief Financial Officer & Executive Vice President
  • Brian Franz, Chief Information Officer & Executive VP
  • Jacqueline Angell, Chief Compliance Officer & Executive VP

What is Ronald O’Hanley's approval rating as State Street's CEO?

471 employees have rated State Street CEO Ronald O’Hanley on Glassdoor.com. Ronald O’Hanley has an approval rating of 73% among State Street's employees.

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), AT&T (T), Verizon Communications (VZ), Bank of America (BAC), NVIDIA (NVDA), The 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.38%), BlackRock Inc. (7.45%), Dodge & Cox (6.15%), State Street Corp (5.07%), FMR LLC (4.70%) and JPMorgan Chase & Co. (3.58%). Company insiders that own State Street stock include Andrew Erickson, Andrew P Kuritzkes, Cyrus Taraporevala, David C Phelan, Francisco Aristeguieta, Ian Appleyard, Jeffrey N Carp, Joerg Ambrosius, John Lehner, Joseph L Hooley, Karen C Keenan, Michael L Richards and Robert Willett.
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 Capital International Investors, Price T Rowe Associates Inc. MD, Goldman Sachs Group Inc., Longview Partners Guernsey LTD, State of Wisconsin Investment Board, Legal & General Group Plc, Panagora Asset Management Inc., and Massachusetts Financial Services Co. MA. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Cyrus Taraporevala, David C Phelan, Francisco Aristeguieta, Ian Appleyard, and Michael L Richards.
View insider buying and selling activity for State Street
or view top insider-selling stocks.

Which institutional investors are buying State Street stock?

STT stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Amundi, Dodge & Cox, Prana Capital Management LP, SG Americas Securities LLC, Metropolis Capital Ltd, Hotchkis & Wiley Capital Management LLC, and Bank of America Corp DE.
View insider buying and selling activity for State Street
or or view top insider-buying stocks.

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 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 $82.45.

How much money does State Street make?

State Street has a market capitalization of $28.32 billion and generates $12.08 billion in revenue each year. The asset manager earns $2.42 billion in net income (profit) each year or $6.70 on an earnings per share basis.

How many employees does State Street have?

State Street employs 39,439 workers across the globe.

Does State Street have any subsidiaries?

The following companies are subsidiares of State Street: Antrim Corporation, BestX, Charles River Development, Charles River Systems, Charles River Systems Inc, Complementa, Currenex Inc, GE Asset Management, International Fund Services (N.A.) LLC, International Fund Services Ireland Limited, Investors Copley Securities Corporation, Offshore Financial Solutions LTD, PFS, Quincy Securities Corporation, SS Scarborough Pty Limited, 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 International Holdings UK Ltd, State Street Public Lending Corporation, State Street Social Investments Corporation, State Street Trust Company Canada, State Street Trust and Banking Company Limited, and The National Bank of Georgia.

When was State Street founded?

State Street was founded in 1792.

What is State Street's official website?

The official website for State Street is www.statestreet.com.

Where are State Street's headquarters?

State Street is headquartered at ONE LINCOLN STREET, BOSTON MA, 02111.

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].


This page was last updated on 9/20/2021 by MarketBeat.com Staff
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