State Street - STT Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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.

11 equities research analysts have issued 12 month target prices for State Street's stock. Their STT share price forecasts range from $74.50 to $116.00. On average, they predict the company's share price to reach $88.68 in the next twelve months. This suggests a possible upside of 15.1% 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 $77.57 at the beginning of the year. Since then, STT shares have decreased by 0.7% and is now trading at $77.02.
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State Street saw a increase in short interest in February. As of February 15th, there was short interest totaling 4,720,000 shares, an increase of 19.8% from the January 31st total of 3,940,000 shares. Based on an average daily volume of 2,890,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.4% of the shares of the stock are sold short.
View State Street's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
View our STT earnings forecast.

State Street will be holding an earnings conference call on Monday, April 17th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-674-7070 with passcode "159898 #".

State Street Co. (NYSE:STT) released its earnings results on Sunday, October, 17th. The asset manager reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.08. The asset manager earned $2.99 billion during the quarter, compared to the consensus estimate of $2.96 billion. State Street had a trailing twelve-month return on equity of 12.03% and a net margin of 20.92%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share.
Read the conference call transcript.

State Street declared a quarterly dividend on Tuesday, February 14th. Stockholders of record on Monday, April 3rd will be paid a dividend of $0.63 per share on Thursday, April 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, March 31st.
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), Proshares Equities For Rising Rates ETF (EQRR), VanEck Morningstar ESG Moat ETF (MOTE), Alpha Intelligent - Large Cap Value ETF (AILV), Natixis U.S. Equity Opportunities ETF (EQOP), Davis Select Financial ETF (DFNL), Gabelli Financial Services Opportunities ETF (GABF) and Fidelity Sustainable U.S. Equity ETF (FSST).

State Street (NYSE:STT) pays an annual dividend of $2.52 per share and currently has a dividend yield of 3.51%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 26.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STT.

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

State Street's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank of America Corp DE (2.65%), Longview Partners Guernsey LTD (2.09%), Price T Rowe Associates Inc. MD (2.08%), Geode Capital Management LLC (2.05%), Morgan Stanley (1.64%) and JPMorgan Chase & Co. (1.22%). Insiders that own company stock include Andrew Erickson, Cyrus Taraporevala, David C Phelan, Francisco Aristeguieta, Ian Appleyard, John Lehner, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STT stock can currently be purchased for approximately $77.02.

State Street (NYSE:STT) has a market capitalization of $26.53 billion and generates $13.69 billion in revenue each year. The asset manager earns $2.77 billion in net income (profit) each year or $7.19 on an earnings per share basis.

The company employs 42,226 workers across the globe.

State Street's mailing address is ONE LINCOLN STREET, BOSTON MA, 02111. The official website for the company is www.statestreet.com. The asset manager can be reached via phone at (617) 786-3000, via email at ir@statestreet.com, or via fax at 617-654-3386.