State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world. Investment servicing line of business performs functions, such as providing institutional investors with clearing, settlement and payment services. The Company operates investment management line of business through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services to corporations, public funds and other investors. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management & Fund Operators - NEC
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:STT
- CUSIP: 85747710
- Web: www.statestreet.com
- Market Cap: $34.23369 billion
- Outstanding Shares: 376,235,000
- 50 Day Moving Avg: $89.25
- 200 Day Moving Avg: $82.36
- 52 Week Range: $57.30 - $92.84
Sales & Book Value:
- Trailing P/E Ratio: 17.12
- Foreward P/E Ratio: 13.81
- P/E Growth: 1.20
- Annual Revenue: $10.39 billion
- Price / Sales: 3.31
- Book Value: $48.09 per share
- Price / Book: 1.90
- Annual Dividend: $1.52
- Dividend Yield: 1.7%
- Net Margins: 20.54%
- Return on Equity: 12.38%
- Return on Assets: 0.92%
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 0.48%
- Quick Ratio: 0.48%
- Average Volume: 1.82 million shs.
- Beta: 1.29
- Short Ratio: 2.46
Frequently Asked Questions for State Street Corporation (NYSE:STT)
What is State Street Corporation's stock symbol?
State Street Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT."
How often does State Street Corporation pay dividends? What is the dividend yield for State Street Corporation?
State Street Corporation declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.42 per share on Monday, October 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, September 29th. This is an increase from State Street Corporation's previous quarterly dividend of $0.38. View State Street Corporation's Dividend History.
How will State Street Corporation's stock buyback program work?
State Street Corporation announced that its Board of Directors 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 buy up to 4.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.
How were State Street Corporation's earnings last quarter?
State Street Corporation (NYSE:STT) announced its quarterly earnings results on Wednesday, April, 26th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.10 by $0.11. The company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.75 billion. State Street Corporation had a return on equity of 12.38% and a net margin of 20.54%. State Street Corporation's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. View State Street Corporation's Earnings History.
When will State Street Corporation make its next earnings announcement?
Where is State Street Corporation's stock going? Where will State Street Corporation's stock price be in 2017?
14 brokerages have issued 1-year price targets for State Street Corporation's shares. Their predictions range from $73.00 to $107.00. On average, they anticipate State Street Corporation's stock price to reach $87.46 in the next year. View Analyst Ratings for State Street Corporation.
What are analysts saying about State Street Corporation stock?
Here are some recent quotes from research analysts about State Street Corporation stock:
- 1. According to Zacks Investment Research, "State Street's shares have outperformed the Zacks categorized Major Regional Banks industry, over the last six months. The company remains on track to improve efficiency through its multi-year restructuring plan. Also, easing margin pressure is expected to support top-line growth. Given a strong capital position, the company is expected to continue enhancing shareholder value through efficient capital deployment activities. Further, it is likely to witness an increase in lending activities once the Financial Choice Act gets implemented, which should lead to further improvement in top-line. However, mounting expenses might continue hurting the bottom line in the upcoming quarters." (7/11/2017)
- 2. Credit Suisse Group analysts commented, "We have adapted our earnings model for State Street to account for both net interest income and processing fees on a nonGAAP FTE basis. In this process, and considering current market and macro trends, our 2017 estimates are unchanged; our 2018 estimates increase modestly, to $6.32 from $6.25 per share. Factoring in this estimate increase, our target price increases to $82 from $80. Risks to realization of that higher target price are tied to the macro environment/market values and operating leverage realization." (3/21/2017)
Who are some of State Street Corporation's key competitors?
Some companies that are related to State Street Corporation include UBS AG (UBS), Bank Of New York Mellon Corporation (The) (BK), Brookfield Asset Management (BAM), Franklin Resources (BEN), Ameriprise Financial Services (AMP), Northern Trust Corporation (NTRS), Affiliated Managers Group (AMG), 3i Group plc (III), Oaktree Capital Group, LLC (OAK), Apollo Global Management, LLC (APO), Legg Mason (LM), Fortress Investment Group LLC (FIG), Intermediate Capital Group plc (ICP), Noah Holdings (NOAH), Waddell & Reed Financial (WDR), Gamco Investors (GBL), IP Group Plc (IPO) and Sanne Group PLC (SNN).
Who are State Street Corporation's key executives?
State Street Corporation's management team includes the folowing people:
- Joseph L. Hooley, Chairman of the Board, Chief Executive Officer
- Michael F. Rogers, President, Chief Operating Officer
- Ronald P. O'Hanley, Vice Chairman of the Board, Chief Executive Officer and President of State Street Global Advisors
- Alison A. Quirk, Executive Vice President, Chief Human Resources and Citizenship Officer
- Karen C. Keenan, Executive Vice President, Chief Administrative Officer
- Antoine Shagoury, Executive Vice President, Global Chief Information Officer
- Andrew P. Kuritzkes, Executive Vice President, Chief Risk Officer
- Jeffrey N. Carp, Executive Vice President, Chief Legal Officer, Secretary
- Eric W. Aboaf, Executive Vice President
- Jeffrey D. Conway, Executive Vice President and Chief Executive Officer for Europe, the Middle East and Africa
Who owns State Street Corporation stock?
State Street Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (0.26%), Bank of Montreal Can (0.22%), SPF Beheer BV (0.22%), Hermes Investment Management Ltd. (0.15%), Cornerstone Investment Partners LLC (0.14%) and BTIM Corp. (0.13%). Company insiders that own State Street Corporation stock include Andrew Erickson, Andrew P Kuritzkes, Enviro Corp Stt, George E Sullivan, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Sean P Newth and Wai-Kwong Seck. View Institutional Ownership Trends for State Street Corporation.
Who sold State Street Corporation stock? Who is selling State Street Corporation stock?
State Street Corporation's stock was sold by a variety of institutional investors in the last quarter, including Cornerstone Investment Partners LLC, Hermes Investment Management Ltd., Diversified Trust Co, Armstrong Shaw Associates Inc. CT, NN Investment Partners Holdings N.V., US Bancorp DE, Exxonmobil Investment Management Inc. TX and Professional Advisory Services Inc.. Company insiders that have sold State Street Corporation stock in the last year include Andrew Erickson, Andrew P Kuritzkes, George E Sullivan, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Sean P Newth and Wai-Kwong Seck. View Insider Buying and Selling for State Street Corporation.
Who bought State Street Corporation stock? Who is buying State Street Corporation stock?
State Street Corporation's stock was bought by a variety of institutional investors in the last quarter, including Mn Services Vermogensbeheer B.V., Bank of Montreal Can, Aperio Group LLC, National Pension Service, BTIM Corp., Baldwin Brothers Inc. MA, Alpha Windward LLC and Bridges Investment Counsel Inc.. View Insider Buying and Selling for State Street Corporation.
How do I buy State Street Corporation stock?
Shares of State Street Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is State Street Corporation's stock price today?
MarketBeat Community Rating for State Street Corporation (NYSE STT)MarketBeat's community ratings are surveys of what our community members think about State Street Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of State Street Corporation stock can currently be purchased for approximately $91.53.
Consensus Ratings for State Street Corporation (NYSE:STT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 9 Hold Ratings, 2 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Hold (Score: 2.14)|
|Consensus Price Target: ||$87.46 (4.44% downside)|
Analysts' Ratings History for State Street Corporation (NYSE:STT)
(Data available from 7/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/13/2017||Keefe, Bruyette & Woods||Reiterated Rating||Underweight||Low|
|7/10/2017||Buckingham Research||Reiterated Rating||Buy||$94.00 -> $107.00||Medium|
|6/28/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Buy -> Conviction-Buy||$92.00 -> $100.00||High|
|6/23/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$86.00||Low|
|6/19/2017||Jefferies Group LLC||Reiterated Rating||Hold||$87.00||Low|
|5/26/2017||Bank of America Corporation||Reiterated Rating||Neutral -> Neutral||$88.00||Low|
|4/24/2017||Deutsche Bank AG||Lower Price Target||Hold||$81.00 -> $80.00||Low|
|4/11/2017||Citigroup Inc.||Boost Price Target||Neutral||$82.00 -> $88.00||Low|
|3/21/2017||Credit Suisse Group||Reiterated Rating||Neutral||$80.00 -> $82.00||High|
|3/3/2017||Evercore ISI||Downgrade||Hold -> Underperform||$82.00||N/A|
|1/31/2017||Morgan Stanley||Upgrade||Underweight -> Equal Weight||N/A|
|1/26/2017||Argus||Downgrade||Buy -> Hold||N/A|
|1/3/2017||Barclays PLC||Boost Price Target||Overweight||$77.00 -> $92.00||N/A|
|9/6/2016||Sandler O'Neill||Downgrade||Buy -> Hold||$73.00||N/A|
|1/7/2016||J P Morgan Chase & Co||Upgrade||Underweight -> Neutral||$70.50||N/A|
|8/9/2015||Standpoint Research||Reiterated Rating||Hold||$81.00||N/A|
Earnings History for State Street Corporation (NYSE:STT)Earnings History by Quarter for State Street Corporation (NYSE STT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/26/2017||Q1 2017||$1.10||$1.21||$2.75 billion||$2.67 billion||View||N/A|
|1/25/2017||Q416||$1.32||$1.48||$2.78 billion||$2.50 billion||View||N/A|
|10/26/2016||Q316||$1.25||$1.35||$2.72 billion||$2.62 billion||View||Listen|
|7/27/2016||Q216||$1.26||$1.46||$2.65 billion||$2.57 billion||View||Listen|
|4/27/2016||Q116||$0.90||$0.98||$2.57 billion||$2.57 billion||View||Listen|
|1/27/2016||Q415||$1.18||$1.21||$2.64 billion||$2.54 billion||View||Listen|
|10/23/2015||Q315||$1.25||$1.16||$2.69 billion||$2.60 billion||View||Listen|
|7/24/2015||Q215||$1.37||$1.37||$2.73 billion||$2.61 billion||View||Listen|
|4/24/2015||Q115||$1.05||$1.17||$2.67 billion||$2.61 billion||View||N/A|
|1/23/2015||Q414||$1.25||$1.37||$2.65 billion||$2.70 billion||View||Listen|
|10/24/2014||Q314||$1.21||$1.35||$2.61 billion||$2.58 billion||View||Listen|
|7/22/2014||Q214||$1.27||$1.39||$2.61 billion||$2.68 billion||View||Listen|
|4/25/2014||Q114||$1.00||$0.81||$2.53 billion||$2.49 billion||View||Listen|
|1/24/2014||Q413||$1.20||$1.15||$2.50 billion||$2.50 billion||View||Listen|
|10/22/2013||Q313||$1.19||$1.19||$2.51 billion||$2.47 billion||View||Listen|
|7/19/2013||Q2 2013||$1.18||$1.24||$2.54 billion||$2.56 billion||View||Listen|
|4/19/2013||Q1 2013||$0.93||$0.96||$2.48 billion||$2.47 billion||View||Listen|
|1/18/2013||Q4 2012||$1.01||$1.11||$2.36 billion||$2.46 billion||View||Listen|
Earnings Estimates for State Street Corporation (NYSE:STT)
2017 EPS Consensus Estimate: $5.98
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for State Street Corporation (NYSE:STT)
|Dividend Growth:||11.10% (3 Year Average)|
|Payout Ratio:||28.46% (Trailing 12 Months of Earnings) |
25.76% (Based on This Year's Estimates)
22.93% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for State Street Corporation (NYSE STT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for State Street Corporation (NYSE:STT)
Insider Ownership Percentage: 0.64%Insider Trades by Quarter for State Street Corporation (NYSE:STT)
Institutional Ownership Percentage: 87.87%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
|5/16/2017||Sean P Newth||CAO||Sell||29||$81.81||$2,372.49|| |
|5/2/2017||Andrew Erickson||Insider||Sell||2,000||$83.28||$166,560.00|| |
|4/20/2017||Karen C Keenan||EVP||Sell||1,000||$78.56||$78,560.00|| |
|2/27/2017||Wai-Kwong Seck||Insider||Sell||20,000||$79.04||$1,580,800.00|| |
|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|| |
|1/20/2017||Karen C Keenan||EVP||Sell||1,000||$79.12||$79,120.00|| |
|11/16/2016||Sean P Newth||CAO||Sell||54||$77.58||$4,189.32|| |
|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|| |
|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|| |
|8/16/2016||Sean P Newth||CAO||Sell||54||$68.64||$3,706.56|| |
|7/28/2016||Karen C Keenan||EVP||Sell||7,500||$65.00||$487,500.00|| |
|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|| |
|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|| |
|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|| |
|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||$0.20||$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|| |
|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||$0.25||$36,137.50|
|11/12/2015||Jeffrey N. Carp||EVP||Sell||4,836||$71.21||$344,371.56|| |
|10/28/2015||Joseph L Hooley||CEO||Sell||36,308||$70.00||$2,541,560.00|| |
|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|| |
|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|| |
|5/1/2014||James Phalen||Chairman||Sell||19,530||$64.66||$1,262,809.80|| |
|2/19/2014||Christopher Perretta||EVP||Sell||25,388||$68.20||$1,731,461.60|| |
|2/18/2014||Alison Quirk||EVP||Sell||18,000||$68.19||$1,227,420.00|| |
|2/4/2014||Peter O'neill||EVP||Sell||12,600||$65.18||$821,268.00|| |
|1/28/2014||Alison Quirk||EVP||Sell||1,961||$68.57||$134,465.77|| |
|1/28/2014||James Malerba||CAO||Sell||1,750||$68.55||$119,962.50|| |
|8/28/2013||Michael Rogers||EVP||Sell||250,000||$67.93||$16,982,500.00|| |
|8/22/2013||John Jr. Klinck||EVP||Sell||18,474||$69.38||$1,281,726.12|| |
|8/13/2013||James Malerba||CAO||Sell||1,750||$69.07||$120,872.50|| |
|8/13/2013||James Phalen||EVP||Sell||38,000||$69.27||$2,632,260.00|| |
|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|| |
Headline Trends for State Street Corporation (NYSE:STT)
Latest Headlines for State Street Corporation (NYSE:STT)
State Street Corporation (STT) Chart for Tuesday, July, 25, 2017