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NYSE:STTState Street Stock Price, Forecast & News

$70.70
+1.67 (+2.42 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$70.02
Now: $70.70
$74.25
50-Day Range
$53.27
MA: $58.86
$69.03
52-Week Range
$42.10
Now: $70.70
$85.89
Volume3.54 million shs
Average Volume2.28 million shs
Market Capitalization$24.88 billion
P/E Ratio11.42
Dividend Yield3.01%
Beta1.52
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.29 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP85747710
Phone617-786-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.13 billion
Cash Flow$10.91 per share
Book Value$59.04 per share

Profitability

Net Income$2.24 billion

Miscellaneous

Employees39,103
Market Cap$24.88 billion
Next Earnings Date7/17/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization. Since then, STT shares have increased by 30.5% and is now trading at $70.70. 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) posted its quarterly earnings results on Friday, April, 17th. The asset manager reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.35 by $0.27. The asset manager earned $3.07 billion during the quarter, compared to analysts' expectations of $2.92 billion. State Street had a net margin of 19.13% and a return on equity of 12.36%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business 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 declared 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 2.94%. The ex-dividend date is Tuesday, June 30th. View State Street's dividend history.

What price target have analysts set for STT?

18 equities research analysts have issued 1-year target prices for State Street's shares. Their forecasts range from $50.00 to $95.00. On average, they anticipate State Street's share price to reach $73.69 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price. View analysts' price targets for State Street.

Has State Street been receiving favorable news coverage?

Headlines about STT stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. State Street earned a coverage optimism score of -3.1 on InfoTrie's scale. They also gave press coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutState Street.

Are investors shorting State Street?

State Street saw a increase in short interest in the month of 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 daily trading volume, of 3,350,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.1% of the company's stock are short sold. View State Street's Current Options Chain.

Who are some of State Street's key 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 variety of retail and institutional investors. Top institutional investors 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 institutional 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 institutional investors are buying State Street stock?

STT stock was acquired 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 $70.70.

How big of a company is State Street?

State Street has a market capitalization of $24.88 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 6/6/2020 by MarketBeat.com Staff

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