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About State Street (NYSE:STT)
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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
Trailing P/E Ratio16.78
Forward P/E Ratio12.85
Sales & Book Value
Annual Sales$11.81 billion
Price / Sales3.09
Cash Flow$9.4706 per share
Price / Cash10.56
Book Value$50.92 per share
Price / Book1.96
EPS (Most Recent Fiscal Year)$5.96
Net Income$2.18 billion
Return on Equity14.23%
Return on Assets1.13%
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 declared a quarterly dividend on Wednesday, May 16th. Shareholders of record on Monday, July 2nd will be given a dividend of $0.42 per share on Tuesday, July 17th. This represents a $1.68 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, June 29th. View State Street's Dividend History.
How will State Street's stock buyback program work?
State Street announced that its board has authorized a stock repurchase plan on Thursday, June 29th 2017, which allows the company to buyback $1,400,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 4.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.
How were State Street's earnings last quarter?
State Street Corp (NYSE:STT) issued its quarterly earnings results on Friday, April, 20th. The asset manager reported $1.62 EPS for the quarter, beating the consensus estimate of $1.58 by $0.04. The asset manager earned $3.02 billion during the quarter, compared to analyst estimates of $3 billion. State Street had a net margin of 19.07% and a return on equity of 14.23%. State Street's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. View State Street's Earnings History.
When is State Street's next earnings date?
What price target have analysts set for STT?
14 analysts have issued twelve-month price targets for State Street's shares. Their predictions range from $92.00 to $131.00. On average, they anticipate State Street's stock price to reach $110.2857 in the next twelve months. View Analyst Ratings for State Street.
Who are some of State Street's key competitors?
Some companies that are related to State Street include Itaú Unibanco (ITUB), Scotiabank (BNS), The Bank of New York Mellon (BK), Banco Bradesco (BBD), M&T Bank (MTB), Deutsche Bank (DB), Banco Bradesco (BBDO), Northern Trust (NTRS), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH) and Western Alliance Bancorporation (WAL).
Who are State Street's key executives?
State Street's management team includes the folowing people:
- Mr. Joseph L. Hooley Esq., Chairman & CEO (Age 60)
- Mr. Ronald Philip O'Hanley, Pres & COO (Age 61)
- Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 54)
- Mr. Andrew J. Erickson, Exec. VP & Head of Global Services (Age 48)
- Mr. Cyrus Russi Taraporevala, Pres & CEO of State Street Global Advisors (Age 52)
Has State Street been receiving favorable news coverage?
Media headlines about STT stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. State Street earned a media sentiment score of 0.21 on Accern's scale. They also gave media headlines about the asset manager an impact score of 48.30 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are State Street's major shareholders?
State Street's stock is owned by a number of of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (7.11%), BlackRock Inc. (5.92%), Artisan Partners Limited Partnership (1.46%), Barrow Hanley Mewhinney & Strauss LLC (1.32%), Northern Trust Corp (1.31%) and Fayez Sarofim & Co (0.83%). 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, Sean P Newth and Wai-Kwong Seck. View Institutional Ownership Trends for State Street.
Which major 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, Coho Partners Ltd., Barrow Hanley Mewhinney & Strauss LLC, Russell Investments Group Ltd., Pzena Investment Management LLC, Caisse DE Depot ET Placement DU Quebec, Prudential Financial Inc. and Letko Brosseau & Associates Inc.. Company insiders that have sold State Street company stock in the last year 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 and Sean P Newth. View Insider Buying and Selling for State Street.
Which major investors are buying State Street stock?
STT stock was bought by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Robeco Institutional Asset Management B.V., Old Mutual Global Investors UK Ltd., Mackay Shields LLC, Artisan Partners Limited Partnership, Fayez Sarofim & Co, Eaton Vance Management and Sei Investments Co.. 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 $99.92.
How big of a company is State Street?
State Street has a market capitalization of $36.29 billion and generates $11.81 billion in revenue each year. The asset manager earns $2.18 billion in net income (profit) each year or $5.96 on an earnings per share basis. State Street employs 36,643 workers across the globe.
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 (STT)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.
State Street (NYSE:STT) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
14 Wall Street analysts have issued ratings and price targets for State Street in the last 12 months. Their average twelve-month price target is $110.2857, suggesting that the stock has a possible upside of 10.27%. The high price target for STT is $131.00 and the low price target for STT is $92.00. There are currently 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Hold|
|Consensus Rating Score: ||2.71||2.64||2.53||2.33|
|Ratings Breakdown: ||0 Sell Rating(s)|
5 Hold Rating(s)
8 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
7 Buy Rating(s)
1 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
7 Buy Rating(s)
1 Strong Buy Rating(s)
|1 Sell Rating(s)|
9 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s)
|Consensus Price Target: ||$110.2857||$110.2857||$105.40||$96.0714|
|Price Target Upside: ||10.27% upside||10.70% upside||3.82% downside||0.10% downside|
State Street (NYSE:STT) Consensus Price Target History
State Street (NYSE:STT) Analyst Ratings History
(Data available from 5/21/2016 forward)
State Street (NYSE:STT) Dividend Information
State Street pays an annual dividend of $1.68 per share, with a dividend yield of 1.68%. STT's next quarterly dividend payment will be made on Tuesday, July 17. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 11.70% each year. State Street pays out 28.19% of its earnings out as a dividend.
|Dividend Growth:||11.70% (3 Year Average)|
|Payout Ratio(s):||28.19% (Trailing 12 Months of Earnings) |
21.59% (Based on This Year's Estimates)
19.72% (Based on Next Year's Estimates)
17.74% (Based on Cash Flow)
|Track Record:||7 Years of Consecutive Dividend Growth|
State Street (NYSE:STT) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
State Street (NYSE STT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.40%
Institutional Ownership Percentage: 87.95%
State Street (NYSE STT) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|5/16/2018||Jeff D Conway||Insider||Sell||288||$100.78||$29,024.64|| |
|5/16/2018||Karen C Keenan||EVP||Sell||851||$100.78||$85,763.78|| |
|2/28/2018||Andrew P Kuritzkes||EVP||Sell||10,248||$108.17||$1,108,526.16|| |
|2/26/2018||Elizabeth Schaefer||CAO||Sell||1,473||$105.00||$154,665.00||9,362|| |
|2/16/2018||George E Sullivan||EVP||Sell||3,495||$103.07||$360,229.65||58,340|| |
|2/16/2018||Jeff D Conway||Insider||Sell||747||$103.07||$76,993.29|| |
|2/16/2018||Joseph L. Hooley||CEO||Sell||33,568||$102.65||$3,445,755.20|| |
|11/17/2017||Elizabeth Schaefer||CAO||Sell||170||$92.50||$15,725.00||11,511|| |
|11/16/2017||Andrew Erickson||Insider||Sell||354||$92.00||$32,568.00|| |
|11/2/2017||Hannah M Grove||Insider||Sell||3,200||$92.64||$296,448.00|| |
|11/1/2017||Joseph L Hooley||Chairman||Sell||25,000||$92.60||$2,315,000.00|| |
|8/16/2017||Andrew Erickson||Insider||Sell||353||$93.01||$32,832.53||21,170|| |
|8/16/2017||Sean P Newth||CAO||Sell||261||$93.84||$24,492.24||11,750|| |
|8/10/2017||Hannah M Grove||Insider||Sell||3,200||$92.55||$296,160.00||39,896|| |
|7/28/2017||Amelia C. Fawcett||Director||Sell||5,000||$93.38||$466,900.00|| |
|6/13/2017||Jeffrey N. Carp||EVP||Sell||2,656||$87.88||$233,409.28|| |
|6/13/2017||Joseph L. Hooley||Chairman||Sell||5,666||$87.88||$497,928.08|| |
|5/16/2017||George E Sullivan||Insider||Sell||2,718||$81.81||$222,359.58||73,090|| |
|5/16/2017||Sean P Newth||CAO||Sell||29||$81.81||$2,372.49||11,850|| |
|5/2/2017||Andrew Erickson||Insider||Sell||2,000||$83.28||$166,560.00||21,523|| |
|4/20/2017||Karen C Keenan||EVP||Sell||1,000||$78.56||$78,560.00||60,934|| |
|2/27/2017||Wai-Kwong Seck||Insider||Sell||20,000||$79.04||$1,580,800.00||60,093|| |
|2/16/2017||Andrew P. Kuritzkes||EVP||Sell||4,675||$80.59||$376,758.25|| |
|2/16/2017||Sean P Newth||CAO||Sell||176||$80.59||$14,183.84||11,461|| |
|1/20/2017||Karen C Keenan||EVP||Sell||1,000||$79.12||$79,120.00||46,229|| |
|11/16/2016||Sean P Newth||CAO||Sell||54||$77.58||$4,189.32||12,530|| |
|11/14/2016||Jeffrey N. Carp||EVP||Sell||2,926||$77.38||$226,413.88|| |
|10/20/2016||Karen C Keenan||EVP||Sell||1,000||$70.57||$70,570.00||48,547|| |
|10/3/2016||Jeffrey N. Carp||EVP||Sell||15,000||$69.26||$1,038,900.00|| |
|8/30/2016||Karen C Keenan||EVP||Sell||7,500||$70.00||$525,000.00||49,547|| |
|8/16/2016||Sean P Newth||CAO||Sell||54||$68.64||$3,706.56||12,717|| |
|7/28/2016||Karen C Keenan||EVP||Sell||7,500||$65.00||$487,500.00||58,383|| |
|7/27/2016||Jeffrey N. Carp||EVP||Sell||40,196||$61.76||$2,482,504.96|| |
|7/20/2016||Karen C Keenan||EVP||Sell||1,000||$57.51||$57,510.00||65,883|| |
|7/13/2016||Jeffrey N. Carp||EVP||Sell||5,000||$55.00||$275,000.00|| |
|7/1/2016||Jeffrey N. Carp||EVP||Sell||45,000||$53.80||$2,421,000.00|| |
|4/1/2016||Jeffrey N Carp||EVP||Sell||25,000||$58.00||$1,450,000.00||337,567|| |
|2/25/2016||Enviro Corp. Stt||Insider||Buy||121,500||$0.19||$23,085.00|
|2/16/2016||Andrew P. Kuritzkes||EVP||Sell||8,295||$55.02||$456,390.90|| |
|1/29/2016||Sean P Newth||CAO||Sell||500||$53.63||$26,815.00||7,388|| |
|1/20/2016||Enviro Corp. Stt||Insider||Buy||75,000||$0.19||$14,250.00|
|1/18/2016||Enviro Corp. Stt||Insider||Buy||8,000||$0.1950||$1,560.00|
|1/15/2016||Enviro Corp. Stt||Insider||Buy||70,000||$0.20||$14,000.00|
|1/13/2016||Enviro Corp. Stt||Insider||Buy||80,000||$0.21||$16,800.00|
|11/23/2015||Enviro Corp. Stt||Insider||Buy||100,000||$0.22||$22,000.00|
|11/23/2015||Joseph L Hooley||CEO||Sell||36,871||$72.98||$2,690,845.58||824,178|| |
|11/18/2015||Enviro Corp. Stt||Insider||Buy||100,000||$0.23||$23,000.00|
|11/16/2015||Enviro Corp. Stt||Insider||Buy||147,500||$0.2450||$36,137.50|
|11/12/2015||Jeffrey N. Carp||EVP||Sell||4,836||$71.21||$344,371.56||394,351|| |
|10/28/2015||Joseph L Hooley||CEO||Sell||36,308||$70.00||$2,541,560.00||861,049|| |
|10/26/2015||Enviro Corp. Stt||Insider||Buy||70,000||$0.25||$17,500.00|
|10/20/2015||Enviro Corp. Stt||Insider||Buy||100,000||$0.26||$26,000.00|
|10/1/2015||Jeffrey N. Carp||EVP||Sell||25,000||$66.74||$1,668,500.00||394,338|| |
|7/15/2015||Alina Mihaela Osorio||Director||Buy||100,000||$0.27||$27,000.00|
|7/15/2015||Robert Donald Bruce Genovese||Insider||Sell||4,500,000||$0.27||$1,215,000.00|
|7/14/2015||Robert Donald Bruce Genovese||Insider||Sell||200,000||$0.28||$56,000.00|
|6/10/2015||Alison A Quirk||EVP||Sell||5,332||$80.00||$426,560.00|| |
|5/28/2015||Christopher Perretta||EVP||Sell||7,493||$78.61||$589,024.73|| |
|4/28/2015||Andrew P Kuritzkes||EVP||Sell||23,483||$76.27||$1,791,048.41|| |
|3/3/2015||James S Phalen||Vice Chairman||Sell||10,842||$74.88||$811,848.96|| |
|2/26/2015||Christopher Perretta||EVP||Sell||10,000||$74.91||$749,100.00|| |
|2/24/2015||Scott F Powers||CEO||Sell||51,986||$77.98||$4,053,868.28|| |
|2/24/2015||Wai-Kwong Seck||EVP||Sell||15,000||$78.10||$1,171,500.00|| |
|2/17/2015||James S Phalen||Vice Chairman||Sell||56,383||$75.89||$4,278,905.87|| |
|2/17/2015||Peter O'neill||EVP||Sell||8,000||$75.79||$606,320.00|| |
|11/21/2014||John L Jr. Klinck||EVP||Sell||25,653||$76.50||$1,962,454.50|| |
|11/19/2014||Sean P Newth||CAO||Sell||1,737||$75.76||$131,595.12|| |
|11/3/2014||James S Phalen||Chairman||Sell||14,514||$75.55||$1,096,532.70|| |
|5/1/2014||Andrew Kuritzkes||EVP||Sell||26,133||$64.53||$1,686,362.49||128,547|| |
|5/1/2014||James Phalen||Chairman||Sell||19,530||$64.66||$1,262,809.80||446,024|| |
|2/19/2014||Christopher Perretta||EVP||Sell||25,388||$68.20||$1,731,461.60||58,188|| |
|2/18/2014||Alison Quirk||EVP||Sell||18,000||$68.19||$1,227,420.00||84,705|| |
|2/4/2014||Peter O'neill||EVP||Sell||12,600||$65.18||$821,268.00||121,465|| |
|1/28/2014||Alison Quirk||EVP||Sell||1,961||$68.57||$134,465.77||115,656|| |
|1/28/2014||James Malerba||CAO||Sell||1,750||$68.55||$119,962.50||56,051|| |
|8/28/2013||Michael Rogers||EVP||Sell||250,000||$67.93||$16,982,500.00||652,927|| |
|8/22/2013||John Jr. Klinck||EVP||Sell||18,474||$69.38||$1,281,726.12||171,986|| |
|8/13/2013||James Malerba||CAO||Sell||1,750||$69.07||$120,872.50||57,801|| |
|8/13/2013||James Phalen||EVP||Sell||38,000||$69.27||$2,632,260.00||433,156|| |
|7/22/2013||Joseph C Antonellis||Chairman||Sell||29,491||$69.76||$2,057,292.16|| |
|7/22/2013||Scott F Powers||CEO||Sell||64,930||$69.66||$4,523,023.80|| |
|5/30/2013||Andrew P Kuritzkes||EVP||Sell||7,000||$67.27||$470,890.00|| |
|5/30/2013||Edward J Resch||CFO||Sell||162,000||$67.20||$10,886,400.00|| |
|5/23/2013||James J Malerba||CAO||Sell||1,500||$64.20||$96,300.00|| |
|5/15/2013||Alison A Quirk||EVP||Sell||3,673||$63.44||$233,015.12|| |
|11/23/2012||Joseph L Hooley||CEO||Sell||93,300||$45.68||$4,261,944.00|| |
|8/22/2012||Edward J Resch||CFO||Sell||50,000||$41.81||$2,090,500.00|| |
|8/20/2012||James J Malerba||CAO||Sell||4,500||$41.88||$188,460.00|| |
State Street (NYSE STT) News Headlines
State Street (NYSE:STT) SEC Filings
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State Street (NYSE:STT) Income Statement, Balance Sheet and Cash Flow Statement
State Street (NYSE STT) Stock Chart for Monday, May, 21, 2018