State Street Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" State Street stock. 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 analyst ratings for State Street or view top-rated stocks.

Wall Street analysts have given State Street a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but State Street wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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State Street is scheduled to release its next quarterly earnings announcement on Friday, July 16th 2021.
View our earnings forecast for State Street.

State Street Co. (NYSE:STT) posted its quarterly earnings results on Thursday, April, 15th. The asset manager reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The asset manager had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.85 billion. State Street had a net margin of 20.75% and a trailing twelve-month return on equity of 12.24%. The company's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share.
View State Street's earnings history.

State Street's stock was trading at $54.19 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, STT shares have increased by 45.2% and is now trading at $78.70.
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State Street announced a quarterly dividend on Thursday, February 18th. Investors of record on Thursday, April 1st will be paid a dividend of $0.52 per share on Monday, April 12th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Wednesday, March 31st.
View State Street's dividend history.

State Street pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.60%. State Street does not yet have a strock track record of dividend growth. The dividend payout ratio of State Street is 33.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, State Street will have a dividend payout ratio of 30.59% next year. This indicates that State Street will be able to sustain or increase its dividend.
View State Street's dividend history.

14 brokers have issued 1-year target prices for State Street's shares. Their forecasts range from $60.00 to $104.00. On average, they anticipate State Street's stock price to reach $82.07 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
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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.

Some companies that are related to State Street include BlackRock (BLK), The Bank of New York Mellon (BK), T. Rowe Price Group (TROW), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), Invesco (IVZ), Ares Capital (ARCC), SEI Investments (SEIC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC), Main Street Capital (MAIN), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
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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).

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 retail and institutional investors. Top institutional investors include Coho Partners Ltd. (0.73%), Metropolis Capital Ltd (0.44%), Crestwood Advisors Group LLC (0.19%), New York State Teachers Retirement System (0.12%), Royal London Asset Management Ltd. (0.11%) and Country Trust Bank (0.10%). Company insiders that own State Street stock include Andrew Erickson, Andrew P Kuritzkes, Francisco Aristeguieta, Gregory L Summe, Hanley Ronald P O, 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.
View institutional ownership trends for State Street.

STT stock was sold by a variety of institutional investors in the last quarter, including Metropolis Capital Ltd, Coho Partners Ltd., Chevy Chase Trust Holdings Inc., New York State Teachers Retirement System, Boston Trust Walden Corp, State of Alaska Department of Revenue, Retirement Systems of Alabama, and Welch & Forbes LLC. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Francisco Aristeguieta, Ian Appleyard, John Lehner, and Michael L Richards.
View insider buying and selling activity for State Street or view top insider-selling stocks.

STT stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., DnB Asset Management AS, Country Trust Bank, Royal London Asset Management Ltd., Canandaigua National Corp, Everence Capital Management Inc., Bronte Capital Management Pty Ltd., and Piscataqua Savings Bank. Company insiders that have bought State Street stock in the last two years include Gregory L Summe, Hanley Ronald P O, and Saint-Aignan Patrick De.
View insider buying and selling activity for State Street or or view top insider-buying stocks.

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.
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One share of STT stock can currently be purchased for approximately $78.70.

State Street has a market capitalization of $27.43 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 39,439 workers across the globe.

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.

State Street was founded in 1792.

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

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

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]