State Street - STT Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" STT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STT, but not buy additional shares or sell existing shares.
View STT analyst ratings or view top-rated stocks.

11 brokerages have issued twelve-month price objectives for State Street's stock. Their STT share price forecasts range from $70.00 to $115.00. On average, they anticipate the company's stock price to reach $84.12 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price.
View analysts price targets for STT or view top-rated stocks among Wall Street analysts.

State Street's stock was trading at $93.00 at the beginning of the year. Since then, STT shares have decreased by 29.5% and is now trading at $65.61.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our STT earnings forecast.

State Street will be holding an earnings conference call on Tuesday, October 18th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-674-7070 with passcode "Conference ID: 91853150, Playback Passcode: 853150".

State Street Co. (NYSE:STT) released its earnings results on Friday, July, 15th. The asset manager reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.18. The asset manager earned $2.95 billion during the quarter, compared to the consensus estimate of $3 billion. State Street had a trailing twelve-month return on equity of 11.64% and a net margin of 22.61%.

State Street announced a quarterly dividend on Thursday, July 21st. Investors of record on Monday, October 3rd will be given a dividend of $0.63 per share on Thursday, October 13th. This represents a $2.52 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, September 30th. This is a positive change from the stock's previous quarterly dividend of $0.57.
Read our dividend analysis for STT.

State Street (NYSE:STT) pays an annual dividend of $2.52 per share and currently has a dividend yield of 3.99%. STT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 28.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STT.

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

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), Walt Disney (DIS), Johnson & Johnson (JNJ), Ford Motor (F), Exxon Mobil (XOM) and AbbVie (ABBV).

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

State Street's stock is owned by many different retail and institutional investors. Top institutional shareholders include M&R Capital Management Inc. (0.00%), Fulton Bank N.A. (0.00%), Symmetry Partners LLC (0.00%) and Wedmont Private Capital (0.00%). Insiders that own company 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, Robert Willett and Saint-Aignan Patrick De.
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Shares of STT stock 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.
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One share of STT stock can currently be purchased for approximately $65.61.

State Street (NYSE:STT) has a market capitalization of $24.12 billion and generates $12.03 billion in revenue each year. The asset manager earns $2.69 billion in net income (profit) each year or $7.22 on an earnings per share basis.

The company employs 38,784 workers across the globe.

State Street's mailing address is ONE LINCOLN STREET, BOSTON MA, 02111. The official website for the company is www.statestreet.com. The asset manager can be reached via phone at (617) 786-3000, via email at ir@statestreet.com, or via fax at 617-654-3386.