State Street (STT) Stock Price, News & Analysis

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" STT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STT, but not buy additional shares or sell existing shares.
View STT analyst ratings or view top-rated stocks.

12 brokerages have issued 12 month target prices for State Street's stock. Their STT share price targets range from $65.00 to $102.00. On average, they expect the company's share price to reach $84.04 in the next year. This suggests a possible upside of 15.4% from the stock's current price.
View analysts price targets for STT or view top-rated stocks among Wall Street analysts.

State Street's stock was trading at $77.46 on January 1st, 2024. Since then, STT stock has decreased by 6.0% and is now trading at $72.81.
View the best growth stocks for 2024 here.

State Street saw a decline in short interest in March. As of March 31st, there was short interest totaling 2,380,000 shares, a decline of 28.7% from the March 15th total of 3,340,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.8% of the company's stock are sold short.
View State Street's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 2024.
View our STT earnings forecast.

State Street Co. (NYSE:STT) announced its quarterly earnings results on Friday, January, 19th. The asset manager reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.21. The asset manager had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.95 billion. State Street had a trailing twelve-month return on equity of 12.03% and a net margin of 9.62%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.07 EPS.
Read the conference call transcript.

State Street announced a quarterly dividend on Thursday, February 15th. Investors of record on Monday, April 1st will be given a dividend of $0.69 per share on Thursday, April 11th. This represents a $2.76 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, March 28th.
Read our dividend analysis for STT.

State Street (NYSE:STT) pays an annual dividend of $2.76 per share and currently has a dividend yield of 3.78%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 31.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STT.

ETFs with the largest weight of State Street (NYSE:STT) stock in their portfolio include Invesco KBW Bank ETF (KBWB), iShares Focused Value Factor ETF (FOVL), Invesco Zacks Mid-Cap ETF (CZA), VanEck Vectors Morningstar Global Wide Moat ETF (GOAT), Fundamentals First ETF (KNOW), SPDR S&P Capital Markets ETF (KCE), Natixis U.S. Equity Opportunities ETF (EQOP) and Davis Select Financial ETF (DFNL).

471 employees have rated State Street Chief Executive Officer Ronald O’Hanley on Glassdoor.com. Ronald O’Hanley has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other State Street investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Verizon Communications (VZ), Bank of America (BAC), NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), Ford Motor (F), Exxon Mobil (XOM) and AbbVie (ABBV).

State Street's stock is owned by a variety of institutional and retail investors. Top institutional investors include Metropolis Capital Ltd (1.21%), Ferguson Wellman Capital Management Inc. (0.27%), Pensioenfonds Rail & OV (0.16%), Allied Investment Advisors LLC (0.04%), Portman Square Capital LLP (0.00%) and Woodstock Corp (0.03%). Insiders that own company stock include Andrew Erickson, Anthony Bisegna, Cyrus Taraporevala, David C Phelan, Eric W Aboaf, Francisco Aristeguieta, Ian Appleyard, John Plansky, Michael L Richards and Saint-Aignan Patrick De.
View institutional ownership trends.

Shares of STT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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