State Street Stock Forecast, Price & News

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 (WHO). Since then, STT stock has increased by 46.9% and is now trading at $79.58.
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16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 1 sell rating, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" State Street stock. 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 analyst ratings for State Street or view MarketBeat's top 5 stock picks.

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 past winning trading ideas 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 Tuesday, January 19th 2021.
View our earnings forecast for State Street.

State Street will be holding an earnings conference call on Tuesday, January 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

State Street announced a quarterly dividend on Thursday, December 17th. Investors of record on Monday, January 4th will be given a dividend of $0.52 per share on Tuesday, January 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, December 31st.
View State Street's dividend history.

State Street pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.64%. State Street does not yet have a strock track record of dividend growth. The dividend payout ratio of State Street is 33.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, State Street will have a dividend payout ratio of 31.90% next year. This indicates that State Street will be able to sustain or increase its dividend.
View State Street's dividend history.

16 brokerages have issued 12 month target prices for State Street's shares. Their forecasts range from $60.00 to $101.00. On average, they anticipate State Street's share price to reach $78.93 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
View analysts' price targets for State Street or view Wall Street analyst' top-rated stocks.

State Street saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,570,000 shares, an increase of 41.1% from the December 15th total of 2,530,000 shares. Based on an average daily trading volume, of 2,180,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the company's shares are sold short.
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), C3.ai (AI), Invesco (IVZ), SEI Investments (SEIC), Eaton Vance (EV), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC) and Prospect Capital (PSEC).
View all of STT's competitors.

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 institutional and retail investors. Top institutional investors include Metropolis Capital Ltd (0.48%), Wedge Capital Management L L P NC (0.09%), State of Alaska Department of Revenue (0.05%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.03%), Woodstock Corp (0.03%) and Granite Investment Advisors LLC (0.02%). 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 Hexavest Inc., State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Huntington National Bank, M&R Capital Management Inc., NuWave Investment Management LLC, Diversified Trust Co, and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA. Company insiders that have sold State Street company stock in the last year include Andrew P Kuritzkes, Francisco Aristeguieta, Ian Appleyard, John Lehner, and Michael L Richards.
View insider buying and selling activity for State Street or view top insider-selling stocks.

STT stock was acquired by a variety of institutional investors in the last quarter, including Granite Investment Advisors LLC, Metropolis Capital Ltd, Wedge Capital Management L L P NC, Private Trust Co. NA, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Sheets Smith Wealth Management, and Fulton Bank N.A.. 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 or or view top insider-buying stocks.

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

One share of STT stock can currently be purchased for approximately $79.58.

State Street has a market capitalization of $28.08 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]