State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It 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. The company also provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. In addition, it offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer. 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
Phone617-786-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$12.97 billion
Profitability
Miscellaneous
Employees40,142
Next Earnings Date4/19/2019 (Estimated)
OptionableOptionable
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 Friday, February 22nd. Shareholders of record on Monday, April 1st will be given a dividend of $0.47 per share on Monday, April 15th. This represents a $1.88 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, March 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 approved a stock buyback plan on Thursday, June 29th 2017, which allows the company to repurchase $1,400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.
How were State Street's earnings last quarter?
State Street Corp (NYSE:STT) issued its quarterly earnings data on Friday, January, 18th. The asset manager reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.01. The asset manager had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.96 billion. State Street had a net margin of 20.05% and a return on equity of 14.44%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.61 EPS. View State Street's Earnings History.
When is State Street's next earnings date?
What price target have analysts set for STT?
16 brokers have issued 12 month price objectives for State Street's stock. Their predictions range from $64.99 to $115.00. On average, they anticipate State Street's stock price to reach $84.65 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price. View Analyst Price Targets for State Street.
What is the consensus analysts' recommendation for State Street?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 1 sell rating, 8 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for State Street.
Has State Street been receiving favorable news coverage?
News stories about STT stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. State Street earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news coverage about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.
Who are some of State Street's key competitors?
Some companies that are related to State Street include Itau Unibanco (ITUB), Banco Bradesco (BBD), SBERBANK RUSSIA/S (SBRCY), Bank of Nova Scotia (BNS), Bank of New York Mellon (BK), BANCO BRADESCO/S (BBDO), M&T Bank (MTB), Northern Trust (NTRS), Deutsche Bank (DB), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), Signature Bank (SBNY), East West Bancorp (EWBC) and Commerce Bancshares (CBSH).
What other stocks do shareholders of State Street own?
Who are State Street's key executives?
State Street's management team includes the folowing people:
- Mr. Ronald Philip O'Hanley, Pres, CEO & Director (Age 62)
- Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 55)
- Mr. Andrew J. Erickson, Exec. VP & Head of Global Services (Age 49)
- Mr. Cyrus Russi Taraporevala, Pres & CEO of State Street Global Advisors (Age 53)
- Mr. Louis D. Maiuri, Exec. VP & COO (Age 54)
Who are State Street's major shareholders?
State Street's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (7.82%), BlackRock Inc. (7.13%), FMR LLC (4.80%), Longview Partners Guernsey LTD (2.90%), Harris Associates L P (2.16%) and Barrow Hanley Mewhinney & Strauss LLC (1.76%). Company insiders that own State Street stock include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Hanley Ronald P O, Hannah M Grove, Jeff D Conway, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Louis D Maiuri, Saint-Aignan Patrick De and Sean P Newth. 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 Thrivent Financial for Lutherans, Mackenzie Financial Corp, Prudential Financial Inc., Boston Partners, Public Employees Retirement System of Ohio, Longview Partners Guernsey LTD, Eaton Vance Management and Squarepoint Ops LLC. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, George E Sullivan, Hanley Ronald P O, 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 bought by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Norges Bank, Oregon Public Employees Retirement Fund, Massachusetts Financial Services Co. MA, Yacktman Asset Management LP, Harris Associates L P and Barrow Hanley Mewhinney & Strauss LLC. Company insiders that have bought State Street stock in the last two years include Louis D Maiuri and Saint-Aignan Patrick De. 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 $65.74.
How big of a company is State Street?
State Street has a market capitalization of $24.89 billion and generates $12.97 billion in revenue each year. The asset manager earns $2.60 billion in net income (profit) each year or $7.22 on an earnings per share basis. State Street employs 40,142 workers across the globe.
What is State Street's official website?
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)
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.
