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

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

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.

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

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

State Street declared a quarterly dividend on Thursday, February 20th. Investors 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 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, March 31st. View State Street's dividend history.

16 analysts have issued 12 month price targets for State Street's shares. Their forecasts range from $48.00 to $95.00. On average, they anticipate State Street's share 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.

Press coverage about STT stock has been trending extremely negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. State Street earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutState Street.

State Street saw a increase in short interest in the month of 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 daily volume of 2,960,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.8% of the company's shares are sold short. View State Street's Current Options Chain.

Some companies that are related to State Street include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Prospect Capital (PSEC).

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).

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

State Street's stock is owned by a number of 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.

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.

STT stock was bought 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.

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.

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

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.

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

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]