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NYSE:STT

State Street Stock Forecast, Price & News

$70.56
+2.61 (+3.84 %)
(As of 11/23/2020 04:15 PM ET)
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Compare
Today's Range
$68.44
Now: $70.56
$70.70
50-Day Range
$58.48
MA: $64.39
$70.56
52-Week Range
$42.10
Now: $70.56
$85.89
Volume1.22 million shs
Average Volume2.59 million shs
Market Capitalization$24.89 billion
P/E Ratio10.59
Dividend Yield3.06%
Beta1.54
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 engages in the investment servicing line of business, such as portfolio modeling and construction; trade order management; investment risk and compliance; and wealth management solutions. In addition, it 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. Further, the company offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer, as well as exchange-traded fund under the SPDR ETF brand. 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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State Street logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP85747710
Phone617-786-3000
Employees38,979

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.13 billion
Cash Flow$11.68 per share
Book Value$65.52 per share

Profitability

Net Income$2.24 billion

Miscellaneous

Market Cap$24.89 billion
Next Earnings Date1/15/2021 (Estimated)
OptionableOptionable
$70.56
+2.61 (+3.84 %)
(As of 11/23/2020 04:15 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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State Street (NYSE:STT) Frequently Asked Questions

How has State Street's stock price been impacted by Coronavirus (COVID-19)?

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
.

Do Wall Street analysts recommend investors buy shares of State Street?

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
.

What stocks does MarketBeat like better than 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.
View MarketBeat's top stock picks here.

When is State Street's next earnings date?

State Street is scheduled to release its next quarterly earnings announcement on Friday, January 15th 2021.
View our earnings forecast for State Street
.

How were State Street's earnings last quarter?

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
.

How often does State Street pay dividends? What is the dividend yield for State Street?

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
.

What price target have analysts set for STT?

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
.

Are investors shorting 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
.

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 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).

Who are State Street's key executives?

State Street's management team includes the following people:
  • Mr. Ronald Philip O'Hanley, Chairman, Pres & CEO (Age 63, Pay $3.77M)
  • Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 56, Pay $2.79M)
  • Mr. Jeffrey N. Carp, Exec. VP (Age 63, Pay $2.71M)
  • Mr. Andrew J. Erickson, Chief Productivity Officer & CEO of International Bus. (Age 50, Pay $3.88M)
  • Mr. Francisco Alberto Aristeguieta Silva, CEO & Head of Institutional Services (Age 55, Pay $3.84M)
  • Mr. Louis D. Maiuri, Exec. VP & COO (Age 55)
  • Mr. Ian William Appleyard, Exec. VP, Global Controller & Chief Accounting Officer (Age 55)
  • Mr. Ali El Abboud, EVP & Chief Technology Officer
  • Mr. Brian J. Franz, Exec. VP & Global Chief Information Officer (Age 55)
  • Mr. Michael L. Richards, Exec. VP & Chief Admin. Officer

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. (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
.

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, 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
.

Which institutional investors are buying State Street stock?

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
.

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 $70.55.

How big of a company is State Street?

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.

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 11/23/2020 by MarketBeat.com Staff

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