State Street Corporation Company Profile (NYSE:STT)

About State Street Corporation (NYSE:STT)

State Street Corporation logoState 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
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NYSE:STT
  • CUSIP: 85747710
  • Web:
  • Market Cap: $37.06646 billion
  • Outstanding Shares: 373,955,000
Average Prices:
  • 50 Day Moving Avg: $95.94
  • 200 Day Moving Avg: $89.29
  • 52 Week Range: $68.68 - $99.99
  • Trailing P/E Ratio: 18.30
  • Foreward P/E Ratio: 13.98
  • P/E Growth: 1.15
Sales & Book Value:
  • Annual Revenue: $10.63 billion
  • Price / Sales: 3.38
  • Book Value: $50.45 per share
  • Price / Book: 1.91
  • Annual Dividend: $1.68
  • Dividend Yield: 1.7%
  • Net Margins: 19.97%
  • Return on Equity: 12.49%
  • Return on Assets: 0.95%
  • Debt-to-Equity Ratio: 0.62%
  • Current Ratio: 0.48%
  • Quick Ratio: 0.48%
  • Average Volume: 1.75 million shs.
  • Beta: 1.31
  • 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 announced a quarterly dividend on Thursday, July 20th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.42 per share on Monday, October 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend 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 has approved a share repurchase plan on Thursday, June 29th 2017, which permits the company to buyback $1,400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

How were State Street Corporation's earnings last quarter?

State Street Corporation (NYSE:STT) posted its quarterly earnings results on Monday, October, 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.61 by $0.10. The firm earned $2.97 billion during the quarter, compared to analysts' expectations of $2.94 billion. State Street Corporation had a net margin of 19.97% and a return on equity of 12.49%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 earnings per share. View State Street Corporation's Earnings History.

Where is State Street Corporation's stock going? Where will State Street Corporation's stock price be in 2017?

14 equities research analysts have issued 12 month price objectives for State Street Corporation's shares. Their predictions range from $80.00 to $115.00. On average, they anticipate State Street Corporation's share price to reach $94.08 in the next twelve months. View Analyst Ratings for State Street Corporation.

Who are some of State Street Corporation's key competitors?

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 variety of of retail and institutional investors. Top institutional investors include APG Asset Management N.V. (0.19%), Hermes Investment Management Ltd. (0.18%), PGGM Investments (0.14%), Strs Ohio (0.13%), Nationwide Fund Advisors (0.08%) and State Treasurer State of Michigan (0.03%). Company insiders that own State Street Corporation stock include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, Enviro Corp Stt, George E Sullivan, Hannah M Grove, 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 APG Asset Management N.V., Shell Asset Management Co., Diamond Hill Capital Management Inc., Alpha Windward LLC, Oakbrook Investments LLC, Northpointe Capital LLC, State Treasurer State of Michigan and Bridges Investment Counsel Inc.. Company insiders that have sold State Street Corporation stock in the last year include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, George E Sullivan, Hannah M Grove, 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 PGGM Investments, Hermes Investment Management Ltd., Nationwide Fund Advisors, Robeco Institutional Asset Management B.V., Covenant Asset Management LLC, Carnick & Kubik Group LLC, Eqis Capital Management Inc. and Curbstone Financial Management Corp. 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?

One share of State Street Corporation stock can currently be purchased for approximately $96.17.

MarketBeat Community Rating for State Street Corporation (NYSE STT)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  415 (Vote Outperform)
Underperform Votes:  520 (Vote Underperform)
Total Votes:  935
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.

Analyst Ratings

Consensus Ratings for State Street Corporation (NYSE:STT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 3 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Hold (Score: 2.29)
Consensus Price Target: $94.08 (2.18% downside)
Consensus Price Target History for State Street Corporation (NYSE:STT)
Price Target History for State Street Corporation (NYSE:STT)
Analysts' Ratings History for State Street Corporation (NYSE:STT)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/9/2017Citigroup Inc.Reiterated RatingNeutral$88.00 -> $102.00N/AView Rating Details
9/15/2017Jefferies Group LLCReiterated RatingHold$100.00LowView Rating Details
8/28/2017Keefe, Bruyette & WoodsSet Price TargetHold$93.00MediumView Rating Details
8/9/2017Wells Fargo & CompanyInitiated CoverageOutperform -> Outperform$115.00MediumView Rating Details
7/27/2017Barclays PLCBoost Price TargetOverweight$95.00 -> $104.00LowView Rating Details
7/10/2017Buckingham ResearchReiterated RatingBuy$94.00 -> $107.00MediumView Rating Details
6/28/2017Goldman Sachs Group, Inc. (The)UpgradeBuy -> Conviction-Buy$92.00 -> $100.00HighView Rating Details
6/23/2017Royal Bank Of CanadaReiterated RatingHold$86.00LowView Rating Details
5/26/2017Bank of America CorporationReiterated RatingNeutral -> Neutral$88.00LowView Rating Details
4/24/2017Deutsche Bank AGLower Price TargetHold$81.00 -> $80.00LowView Rating Details
3/21/2017Credit Suisse GroupReiterated RatingNeutral$80.00 -> $82.00HighView Rating Details
3/3/2017Evercore ISIDowngradeHold -> Underperform$82.00N/AView Rating Details
1/31/2017Morgan StanleyUpgradeUnderweight -> Equal WeightN/AView Rating Details
1/26/2017ArgusDowngradeBuy -> HoldN/AView Rating Details
9/6/2016Sandler O'NeillDowngradeBuy -> Hold$73.00N/AView Rating Details
1/7/2016J P Morgan Chase & CoUpgradeUnderweight -> Neutral$70.50N/AView Rating Details
(Data available from 10/24/2015 forward)


Earnings History for State Street Corporation (NYSE:STT)
Earnings by Quarter for State Street Corporation (NYSE:STT)
Earnings History by Quarter for State Street Corporation (NYSE STT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/23/2017Q3 2017$1.61$1.71$2.94 billion$2.97 billionViewN/AView Earnings Details
7/26/2017Q2 2017$1.57$1.67$2.86 billion$2.81 billionViewN/AView Earnings Details
4/26/2017Q1 2017$1.10$1.21$2.75 billion$2.67 billionViewN/AView Earnings Details
1/25/2017Q416$1.32$1.48$2.78 billion$2.50 billionViewN/AView Earnings Details
10/26/2016Q316$1.25$1.35$2.72 billion$2.62 billionViewListenView Earnings Details
7/27/2016Q216$1.26$1.46$2.65 billion$2.57 billionViewListenView Earnings Details
4/27/2016Q116$0.90$0.98$2.57 billion$2.57 billionViewListenView Earnings Details
1/27/2016Q415$1.18$1.21$2.64 billion$2.54 billionViewListenView Earnings Details
10/23/2015Q315$1.25$1.16$2.69 billion$2.60 billionViewListenView Earnings Details
7/24/2015Q215$1.37$1.37$2.73 billion$2.61 billionViewListenView Earnings Details
4/24/2015Q115$1.05$1.17$2.67 billion$2.61 billionViewN/AView Earnings Details
1/23/2015Q414$1.25$1.37$2.65 billion$2.70 billionViewListenView Earnings Details
10/24/2014Q314$1.21$1.35$2.61 billion$2.58 billionViewListenView Earnings Details
7/22/2014Q214$1.27$1.39$2.61 billion$2.68 billionViewListenView Earnings Details
4/25/2014Q114$1.00$0.81$2.53 billion$2.49 billionViewListenView Earnings Details
1/24/2014Q413$1.20$1.15$2.50 billion$2.50 billionViewListenView Earnings Details
10/22/2013Q313$1.19$1.19$2.51 billion$2.47 billionViewListenView Earnings Details
7/19/2013Q2 2013$1.18$1.24$2.54 billion$2.56 billionViewListenView Earnings Details
4/19/2013Q1 2013$0.93$0.96$2.48 billion$2.47 billionViewListenView Earnings Details
1/18/2013Q4 2012$1.01$1.11$2.36 billion$2.46 billionViewListenView Earnings Details
10/16/2012$0.96$0.99ViewN/AView Earnings Details
7/17/2012$0.98$1.01ViewN/AView Earnings Details
4/17/2012$0.87$0.84ViewN/AView Earnings Details
1/18/2012$0.94$0.93ViewN/AView Earnings Details
10/18/2011$0.89$0.96ViewN/AView Earnings Details
7/19/2011$0.97$0.96ViewN/AView Earnings Details
4/19/2011$0.86$0.88ViewN/AView Earnings Details
1/19/2011$0.86$0.87ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for State Street Corporation (NYSE:STT)
2017 EPS Consensus Estimate: $6.09
2018 EPS Consensus Estimate: $6.96
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$1.09$1.09$1.09
Q2 20171$1.59$1.59$1.59
Q3 20171$1.65$1.65$1.65
Q4 20171$1.76$1.76$1.76
Q1 20181$1.45$1.45$1.45
Q2 20181$1.86$1.86$1.86
Q3 20181$1.77$1.77$1.77
Q4 20181$1.88$1.88$1.88
(Data provided by Zacks Investment Research)


Current Dividend Information for State Street Corporation (NYSE:STT)
Most Recent Dividend:10/16/2017
Annual Dividend:$1.68
Dividend Yield:1.75%
Dividend Growth:11.10% (3 Year Average)
Payout Ratio:31.11% (Trailing 12 Months of Earnings)
27.36% (Based on This Year's Estimates)
24.42% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for State Street Corporation (NYSE:STT)

Dividend History by Quarter for State Street Corporation (NYSE STT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for State Street Corporation (NYSE:STT)
Insider Ownership Percentage: 0.71%
Institutional Ownership Percentage: 87.68%
Insider Trades by Quarter for State Street Corporation (NYSE:STT)
Institutional Ownership by Quarter for State Street Corporation (NYSE:STT)
Insider Trades by Quarter for State Street Corporation (NYSE:STT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/16/2017Andrew EricksonInsiderSell353$93.01$32,832.53View SEC Filing  
8/16/2017Sean P NewthCAOSell261$93.84$24,492.24View SEC Filing  
8/10/2017Hannah M GroveInsiderSell3,200$92.55$296,160.00View SEC Filing  
7/28/2017Amelia C. FawcettDirectorSell5,000$93.38$466,900.00View SEC Filing  
6/13/2017Jeffrey N. CarpEVPSell2,656$87.88$233,409.28View SEC Filing  
6/13/2017Joseph L. HooleyChairmanSell5,666$87.88$497,928.08View SEC Filing  
5/16/2017George E SullivanInsiderSell2,718$81.81$222,359.58View SEC Filing  
5/16/2017Sean P NewthCAOSell29$81.81$2,372.49View SEC Filing  
5/2/2017Andrew EricksonInsiderSell2,000$83.28$166,560.00View SEC Filing  
4/20/2017Karen C KeenanEVPSell1,000$78.56$78,560.00View SEC Filing  
2/27/2017Wai-Kwong SeckInsiderSell20,000$79.04$1,580,800.00View SEC Filing  
2/16/2017Andrew P. KuritzkesEVPSell4,675$80.59$376,758.25View SEC Filing  
2/16/2017Sean P NewthCAOSell176$80.59$14,183.84View SEC Filing  
1/20/2017Karen C KeenanEVPSell1,000$79.12$79,120.00View SEC Filing  
11/16/2016Sean P NewthCAOSell54$77.58$4,189.32View SEC Filing  
11/14/2016Jeffrey N. CarpEVPSell2,926$77.38$226,413.88View SEC Filing  
10/20/2016Karen C KeenanEVPSell1,000$70.57$70,570.00View SEC Filing  
10/3/2016Jeffrey N. CarpEVPSell15,000$69.26$1,038,900.00View SEC Filing  
8/30/2016Karen C KeenanEVPSell7,500$70.00$525,000.00View SEC Filing  
8/16/2016Sean P NewthCAOSell54$68.64$3,706.56View SEC Filing  
7/28/2016Karen C KeenanEVPSell7,500$65.00$487,500.00View SEC Filing  
7/27/2016Jeffrey N. CarpEVPSell40,196$61.76$2,482,504.96View SEC Filing  
7/20/2016Karen C KeenanEVPSell1,000$57.51$57,510.00View SEC Filing  
7/13/2016Jeffrey N. CarpEVPSell5,000$55.00$275,000.00View SEC Filing  
7/1/2016Jeffrey N. CarpEVPSell45,000$53.80$2,421,000.00View SEC Filing  
4/1/2016Jeffrey N CarpEVPSell25,000$58.00$1,450,000.00View SEC Filing  
2/25/2016Enviro Corp. SttInsiderBuy121,500$0.19$23,085.00
2/16/2016Andrew P. KuritzkesEVPSell8,295$55.02$456,390.90View SEC Filing  
1/29/2016Sean P NewthCAOSell500$53.63$26,815.00View SEC Filing  
1/20/2016Enviro Corp. SttInsiderBuy75,000$0.19$14,250.00
1/18/2016Enviro Corp. SttInsiderBuy8,000$0.20$1,560.00
1/15/2016Enviro Corp. SttInsiderBuy70,000$0.20$14,000.00
1/13/2016Enviro Corp. SttInsiderBuy80,000$0.21$16,800.00
11/23/2015Enviro Corp. SttInsiderBuy100,000$0.22$22,000.00
11/23/2015Joseph L HooleyCEOSell36,871$72.98$2,690,845.58View SEC Filing  
11/18/2015Enviro Corp. SttInsiderBuy100,000$0.23$23,000.00
11/16/2015Enviro Corp. SttInsiderBuy147,500$0.25$36,137.50
11/12/2015Jeffrey N. CarpEVPSell4,836$71.21$344,371.56View SEC Filing  
10/28/2015Joseph L HooleyCEOSell36,308$70.00$2,541,560.00View SEC Filing  
10/26/2015Enviro Corp. SttInsiderBuy70,000$0.25$17,500.00
10/20/2015Enviro Corp. SttInsiderBuy100,000$0.26$26,000.00
10/1/2015Jeffrey N. CarpEVPSell25,000$66.74$1,668,500.00View SEC Filing  
7/15/2015Alina Mihaela OsorioDirectorBuy100,000$0.27$27,000.00
7/15/2015Robert Donald Bruce GenoveseInsiderSell4,500,000$0.27$1,215,000.00
7/14/2015Bradley BergerDirectorBuy500,000$0.27$135,000.00
7/14/2015Robert Donald Bruce GenoveseInsiderSell200,000$0.28$56,000.00
6/10/2015Alison A QuirkEVPSell5,332$80.00$426,560.00View SEC Filing  
5/28/2015Christopher PerrettaEVPSell7,493$78.61$589,024.73View SEC Filing  
4/28/2015Andrew P KuritzkesEVPSell23,483$76.27$1,791,048.41View SEC Filing  
3/3/2015James S PhalenVice ChairmanSell10,842$74.88$811,848.96View SEC Filing  
2/26/2015Christopher PerrettaEVPSell10,000$74.91$749,100.00View SEC Filing  
2/24/2015Scott F PowersCEOSell51,986$77.98$4,053,868.28View SEC Filing  
2/24/2015Wai-Kwong SeckEVPSell15,000$78.10$1,171,500.00View SEC Filing  
2/17/2015James S PhalenVice ChairmanSell56,383$75.89$4,278,905.87View SEC Filing  
2/17/2015Peter O'neillEVPSell8,000$75.79$606,320.00View SEC Filing  
11/21/2014John L Jr. KlinckEVPSell25,653$76.50$1,962,454.50View SEC Filing  
11/19/2014Sean P NewthCAOSell1,737$75.76$131,595.12View SEC Filing  
11/3/2014James S PhalenChairmanSell14,514$75.55$1,096,532.70View SEC Filing  
5/1/2014Andrew KuritzkesEVPSell26,133$64.53$1,686,362.49View SEC Filing  
5/1/2014James PhalenChairmanSell19,530$64.66$1,262,809.80View SEC Filing  
2/19/2014Christopher PerrettaEVPSell25,388$68.20$1,731,461.60View SEC Filing  
2/18/2014Alison QuirkEVPSell18,000$68.19$1,227,420.00View SEC Filing  
2/4/2014Peter O'neillEVPSell12,600$65.18$821,268.00View SEC Filing  
1/28/2014Alison QuirkEVPSell1,961$68.57$134,465.77View SEC Filing  
1/28/2014James MalerbaCAOSell1,750$68.55$119,962.50View SEC Filing  
8/28/2013Michael RogersEVPSell250,000$67.93$16,982,500.00View SEC Filing  
8/22/2013John Jr. KlinckEVPSell18,474$69.38$1,281,726.12View SEC Filing  
8/13/2013James MalerbaCAOSell1,750$69.07$120,872.50View SEC Filing  
8/13/2013James PhalenEVPSell38,000$69.27$2,632,260.00View SEC Filing  
7/22/2013Joseph C AntonellisChairmanSell29,491$69.76$2,057,292.16View SEC Filing  
7/22/2013Scott F PowersCEOSell64,930$69.66$4,523,023.80View SEC Filing  
5/30/2013Andrew P KuritzkesEVPSell7,000$67.27$470,890.00View SEC Filing  
5/30/2013Edward J ReschCFOSell162,000$67.20$10,886,400.00View SEC Filing  
5/23/2013James J MalerbaCAOSell1,500$64.20$96,300.00View SEC Filing  
5/15/2013Alison A QuirkEVPSell3,673$63.44$233,015.12View SEC Filing  
11/23/2012Joseph L HooleyCEOSell93,300$45.68$4,261,944.00View SEC Filing  
8/22/2012Edward J ReschCFOSell50,000$41.81$2,090,500.00View SEC Filing  
8/20/2012James J MalerbaCAOSell4,500$41.88$188,460.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for State Street Corporation (NYSE:STT)
Latest Headlines for State Street Corporation (NYSE:STT)
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State Street Corporation (STT) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by Staff

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