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

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$89.57 +1.65 (+1.88 %)
(As of 09/20/2018 04:00 PM ET)
Previous Close$87.92
Today's Range$88.57 - $90.20
52-Week Range$82.43 - $114.27
Volume2.82 million shs
Average Volume2.00 million shs
Market Capitalization$31.32 billion
P/E Ratio15.13
Dividend Yield1.96%
Beta1.19
State Street logoState 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:STT
CUSIP85747710
Phone617-786-3000

Debt

Debt-to-Equity Ratio0.54
Current Ratio0.52
Quick Ratio0.52

Price-To-Earnings

Trailing P/E Ratio15.13
Forward P/E Ratio11.69
P/E Growth1.03

Sales & Book Value

Annual Sales$11.81 billion
Price / Sales2.77
Cash Flow$9.8429 per share
Price / Cash9.10
Book Value$50.92 per share
Price / Book1.76

Profitability

EPS (Most Recent Fiscal Year)$5.96
Net Income$2.18 billion
Net Margins19.56%
Return on Equity14.98%
Return on Assets1.19%

Miscellaneous

Employees36,643
Outstanding Shares365,830,000
Market Cap$31.32 billion

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 Thursday, July 19th. Stockholders of record on Monday, October 1st will be given a dividend of $0.47 per share on Monday, October 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, September 28th. This is an increase from State Street's previous quarterly dividend of $0.42. View State Street's Dividend History.

How will State Street's stock buyback program work?

State Street declared that its Board of Directors has authorized a stock buyback plan on Thursday, June 29th 2017, which allows the company to buyback $1,400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

How were State Street's earnings last quarter?

State Street Corp (NYSE:STT) posted its quarterly earnings data on Friday, July, 20th. The asset manager reported $1.88 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.01 by $0.13. The asset manager earned $3.03 billion during the quarter, compared to analysts' expectations of $3.05 billion. State Street had a net margin of 19.56% and a return on equity of 14.98%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. View State Street's Earnings History.

When is State Street's next earnings date?

State Street is scheduled to release their next quarterly earnings announcement on Monday, October, 22nd 2018. View Earnings Estimates for State Street.

What price target have analysts set for STT?

11 analysts have issued twelve-month price targets for State Street's stock. Their forecasts range from $91.00 to $131.00. On average, they expect State Street's stock price to reach $105.6923 in the next year. This suggests a possible upside of 18.0% from the stock's current price. View Analyst Price Targets for State Street.

What is the consensus analysts' recommendation for State Street?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for State Street.

Are investors shorting State Street?

State Street saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,415,780 shares, a drop of 32.7% from the August 15th total of 3,589,788 shares. Based on an average daily volume of 2,072,720 shares, the short-interest ratio is currently 1.2 days. Currently, 0.6% of the company's stock are short sold. View State Street's Current Options Chain.

Who are some of State Street's key competitors?

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 & Director (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 stories about STT stock have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. State Street earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news headlines about the asset manager an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for State Street.

Who are State Street's major shareholders?

State Street's stock is owned by a number of of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (7.14%), BlackRock Inc. (5.88%), FMR LLC (3.60%), Longview Partners Guernsey LTD (2.18%), Artisan Partners Limited Partnership (1.47%) and Vulcan Value Partners LLC (1.35%). 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 institutional investors are selling State Street stock?

STT stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, FMR LLC, Russell Investments Group Ltd., Natixis, BlackRock Inc., Canada Pension Plan Investment Board, Federated Investors Inc. PA and Legal & General Group Plc. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Hannah M Grove, Jeff D Conway, Joseph L Hooley and Karen C Keenan. View Insider Buying and Selling for State Street.

Which institutional investors are buying State Street stock?

STT stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Vulcan Value Partners LLC, Royal London Asset Management Ltd., Cooke & Bieler LP, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund, Hermes Investment Management Ltd., Marshall Wace LLP and Meadow Creek Investment Management 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 $89.57.

How big of a company is State Street?

State Street has a market capitalization of $31.32 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 (NYSE STT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  506 (Vote Outperform)
Underperform Votes:  638 (Vote Underperform)
Total Votes:  1,144
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.
This page was last updated on 9/20/2018 by MarketBeat.com Staff

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