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
SectorFinance
SymbolNYSE:STT
CUSIP85747710
Phone617-786-3000
Debt
Debt-to-Equity Ratio0.57
Current Ratio0.56
Quick Ratio0.56
Price-To-Earnings
Trailing P/E Ratio16.40
Forward P/E Ratio12.56
P/E Growth1.27
Sales & Book Value
Annual Sales$11.81 billion
Price / Sales3.02
Cash Flow$9.3165 per share
Price / Cash10.49
Book Value$50.92 per share
Price / Book1.92
Profitability
EPS (Most Recent Fiscal Year)$5.96
Net Income$2.18 billion
Net Margins19.07%
Return on Equity14.23%
Return on Assets1.13%
Miscellaneous
Employees36,643
Outstanding Shares365,410,000
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 Wednesday, May 16th. Investors 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 1.72%. 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 of Directors has authorized a stock buyback program on Thursday, June 29th 2017, which permits the company to repurchase $1,400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
How were State Street's earnings last quarter?
State Street Corp (NYSE:STT) posted its quarterly earnings results on Friday, April, 20th. The asset manager reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.04. The asset manager had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3 billion. State Street had a return on equity of 14.23% and a net margin of 19.07%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period last year, the company 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?
13 brokers have issued 12-month price objectives for State Street's shares. Their predictions range from $95.00 to $131.00. On average, they anticipate State Street's stock price to reach $111.6923 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 Bank of Nova Scotia (BNS), Itau Unibanco (ITUB), Bank of New York Mellon (BK), Banco Bradesco (BBD), M&T Bank (MTB), Northern Trust (NTRS), Deutsche Bank (DB), Fifth Third Bancorp (FITB), BANCO BRADESCO/S (BBDO), 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?
News headlines about STT stock have been trending positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. State Street earned a media sentiment score of 0.25 on Accern's scale. They also assigned news coverage about the asset manager an impact score of 47.24 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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, 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 Summit Trail Advisors LLC. 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 $97.73.
How big of a company is State Street?
State Street has a market capitalization of $36.05 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.
