State Street Stock Forecast, Price & News

State Street's stock was trading at $54.19 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, STT stock has increased by 30.2% and is now trading at $70.55.
View which stocks have been most impacted by COVID-19.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for State Street.

Wall Street analysts have given State Street a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but State Street wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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State Street is scheduled to release its next quarterly earnings announcement on Friday, January 15th 2021.
View our earnings forecast for State Street.

State Street Co. (NYSE:STT) posted its quarterly earnings results on Friday, October, 16th. The asset manager reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The asset manager had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.76 billion. State Street had a net margin of 20.75% and a return on equity of 12.24%. The company's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.51 earnings per share.
View State Street's earnings history.

State Street declared a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 1st will be paid a dividend of $0.52 per share on Thursday, October 15th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Wednesday, September 30th.
View State Street's dividend history.

15 brokers have issued 1-year target prices for State Street's stock. Their forecasts range from $60.00 to $95.00. On average, they expect State Street's share price to reach $75.33 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
View analysts' price targets for State Street.

State Street saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 2,680,000 shares, a decrease of 43.0% from the October 15th total of 4,700,000 shares. Based on an average daily trading volume, of 2,090,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.8% of the company's stock are short sold.
View State Street's Short Interest.

Some companies that are related to State Street include BlackRock (BLK), The Bank of New York Mellon (BK), T. Rowe Price Group (TROW), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Eaton Vance (EV), Invesco (IVZ), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC), Main Street Capital (MAIN) and Prospect Capital (PSEC).
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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), The Walt Disney (DIS), Johnson & Johnson (JNJ), Ford Motor (F), Exxon Mobil (XOM) and AbbVie (ABBV).

State Street trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT."

State Street's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.91%), State Street Corp (4.74%), Massachusetts Financial Services Co. MA (4.04%), JPMorgan Chase & Co. (1.42%), LSV Asset Management (1.24%) and Yacktman Asset Management LP (1.01%). Company insiders that own State Street stock include Andrew Erickson, Andrew P Kuritzkes, Francisco Aristeguieta, Gregory L Summe, Hanley Ronald P O, Ian Appleyard, Jeffrey N Carp, Joerg Ambrosius, John Lehner, Joseph L Hooley, Karen C Keenan, Michael L Richards, Robert Willett and Saint-Aignan Patrick De.
View institutional ownership trends for State Street.

STT stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, AQR Capital Management LLC, Robeco Institutional Asset Management B.V., State Street Corp, Los Angeles Capital Management & Equity Research Inc., Worldquant Millennium Advisors LLC, Rothschild & Co. Asset Management US Inc., and Wells Fargo & Company MN. Company insiders that have sold State Street company stock in the last year include Andrew P Kuritzkes, Francisco Aristeguieta, Ian Appleyard, Joerg Ambrosius, John Lehner, Karen C Keenan, and Michael L Richards.
View insider buying and selling activity for State Street.

STT stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Jupiter Asset Management Ltd., Allianz Asset Management GmbH, Morgan Stanley, Metropolis Capital Ltd, Prana Capital Management LP, Wedge Capital Management L L P NC, and Bronte Capital Management Pty Ltd.. Company insiders that have bought State Street stock in the last two years include Gregory L Summe, Hanley Ronald P O, and Saint-Aignan Patrick De.
View insider buying and selling activity for 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.

One share of STT stock can currently be purchased for approximately $70.55.

State Street has a market capitalization of $24.89 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 38,979 workers across the globe.

The official website for State Street is www.statestreet.com.

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]