NYSE:STTState Street Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding State Street Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $62.49 -1.85 (-2.88 %) (As of 05/28/2020 10:35 AM ET) Add Compare Share Today's Range$62.49Now: $62.49▼$65.0050-Day Range$53.27MA: $58.15▼$64.4652-Week Range$42.10Now: $62.49▼$85.89Volume70,634 shsAverage Volume2.23 million shsMarket Capitalization$21.99 billionP/E Ratio10.10Dividend Yield3.44%Beta1.55 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 provides 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.Read More Beat the Market (BTM) Rank™ 3.2 Analyst's Opinion Consensus RatingState Street has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $72.25, State Street has a potential upside of 13.6% from its current price of $63.62.Amount of Analyst CoverageState Street has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.2 Community Rank Outperform VotesState Street has received 613 “outperform” votes. (Add your “outperform” vote.)Underperform VotesState Street has received 809 “underperform” votes. (Add your “underperform” vote.)Community SentimentState Street has received 56.89% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipState Street is a leading dividend payer. It pays a dividend yield of 3.44%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthState Street has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of State Street is 33.71 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, State Street will have a dividend payout ratio of 36.36 % next year. This indicates that State Street will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, State Street insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,138,479.00 in company stock.Percentage Held by InsidersOnly 0.28% of the stock of State Street is held by insiders.Percentage Held by Institutions89.62% of the stock of State Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for State Street are expected to grow by 0.35% in the coming year, from $5.70 to $5.72 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of State Street is 10.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.86.Price to Earnings Ratio vs. SectorThe P/E ratio of State Street is 10.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.72.Price to Earnings Growth RatioState Street has a PEG Ratio of 1.17. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioState Street has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.2Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.49 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry State commercial banks Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNYSE:STT Previous Symbol CUSIP85747710 CIK93751 Webwww.statestreet.com Phone617-786-3000Debt Debt-to-Equity Ratio0.73 Current Ratio0.59 Quick Ratio0.59Price-To-Earnings Trailing P/E Ratio10.10 Forward P/E Ratio10.96 P/E Growth1.17 Sales & Book Value Annual Sales$13.13 billion Price / Sales1.67 Cash Flow$11.00 per share Price / Cash Flow5.68 Book Value$60.78 per share Price / Book1.03Profitability EPS (Most Recent Fiscal Year)$6.17 Net Income$2.24 billion Net Margins19.13% Return on Equity12.36% Return on Assets0.97%Miscellaneous Employees39,103 Outstanding Shares351,960,000Market Cap$21.99 billion Next Earnings Date7/17/2020 (Estimated) OptionableOptionable STT Rates by TradingView Receive STT News and Ratings via Email Sign-up to receive the latest news and ratings for STT and its competitors with MarketBeat's FREE daily newsletter. State Street (NYSE:STT) Frequently Asked Questions How has State Street's stock been impacted by COVID-19 (Coronavirus)? State Street's stock was trading at $54.19 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, STT stock has increased by 17.4% and is now trading at $63.62. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of State Street? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 1 sell rating, 9 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for State Street. When is State Street's next earnings date? State Street is scheduled to release its next quarterly earnings announcement on Friday, July 17th 2020. View our earnings forecast for State Street. How were State Street's earnings last quarter? State Street Corp (NYSE:STT) announced its quarterly earnings data on Friday, April, 17th. The asset manager reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.27. The asset manager had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.92 billion. State Street had a return on equity of 12.36% and a net margin of 19.13%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. View State Street's earnings history. How often does State Street pay dividends? What is the dividend yield for State Street? State Street announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.52 per share on Thursday, July 16th. This represents a $2.08 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, June 30th. View State Street's dividend history. What price target have analysts set for STT? 18 Wall Street analysts have issued 12 month target prices for State Street's stock. Their forecasts range from $50.00 to $95.00. On average, they anticipate State Street's share price to reach $72.25 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price. View analysts' price targets for State Street. Has State Street been receiving favorable news coverage? Media coverage about STT stock has trended somewhat negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. State Street earned a daily sentiment score of -1.7 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutState Street. Are investors shorting State Street? State Street saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,780,000 shares, an increase of 5.9% from the April 30th total of 3,570,000 shares. Based on an average trading volume of 3,350,000 shares, the short-interest ratio is presently 1.1 days. Approximately 1.1% of the shares of the company are sold short. View State Street's Current Options Chain. Who are some of State Street's key competitors? Some companies that are related to State Street include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Legg Mason (LM), Eaton Vance (EV), Invesco (IVZ), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Main Street Capital (MAIN) and Federated Investors (FII). View all competitors. What other stocks do shareholders of State Street own? Based on aggregate information from My MarketBeat watchlists, some companies that other State Street investors own include Verizon Communications (VZ), Ford Motor (F), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Bank of America (BAC), Walt Disney (DIS), Alibaba Group (BABA), AT&T (T), AbbVie (ABBV) and Intel (INTC). Who are State Street's key executives? State Street's management team includes the following people: Mr. Ronald Philip O'Hanley, Pres, CEO & Director (Age 62)Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 55)Ms. Karen C. Keenan, Exec. VP, Chief Admin. Officer & Head of Global Markets (Age 56)Mr. Louis D. Maiuri, Exec. VP & COO (Age 54)Mr. Ian W. Appleyard, Exec. VP, Global Controller & Chief Accounting Officer (Age 54) What is State Street's stock symbol? State Street trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT." Who are State Street's major shareholders? State Street's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.60%), Massachusetts Financial Services Co. MA (5.64%), Longview Partners Guernsey LTD (5.43%), State Street Corp (4.94%), Capital International Investors (2.34%) and Geode Capital Management LLC (1.85%). Company insiders that own State Street stock include Andrew Erickson, Andrew P Kuritzkes, George E Sullivan, Gregory L Summe, Hanley Ronald P O, Ian Appleyard, Jeff D Conway, Jeffrey N Carp, Joerg Ambrosius, Joseph L Hooley, Karen C Keenan, Louis D Maiuri, Michael L Richards, Robert Willett and Saint-Aignan Patrick De. View institutional ownership trends for State Street. Which major investors are selling State Street stock? STT stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, BlackRock Inc., Nuveen Asset Management LLC, Deutsche Bank AG, Mawer Investment Management Ltd., Balyasny Asset Management LLC, The Manufacturers Life Insurance Company , and Two Sigma Advisers LP. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, Ian Appleyard, Jeffrey N Carp, Joerg Ambrosius, Joseph L Hooley, Karen C Keenan, Michael L Richards, and Robert Willett. View insider buying and selling activity for State Street. Which major investors are buying State Street stock? STT stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, JPMorgan Chase & Co., MERIAN GLOBAL INVESTORS UK Ltd, Capital International Investors, NWQ Investment Management Company LLC, Geode Capital Management LLC, Robeco Institutional Asset Management B.V., and ING Groep NV. Company insiders that have bought State Street stock in the last two years include Gregory L Summe, Hanley Ronald P O, Louis D Maiuri, and Saint-Aignan Patrick De. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is State Street's stock price today? One share of STT stock can currently be purchased for approximately $63.62. How big of a company is State Street? State Street has a market capitalization of $22.39 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 39,103 workers across the globe. What is State Street's official website? The official website for State Street is www.statestreet.com. 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] This page was last updated on 5/28/2020 by MarketBeat.com Staff
