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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone617-786-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$12.97 billion
Profitability
Miscellaneous
Employees40,142
Next Earnings Date10/18/2019 (Estimated)
OptionableOptionable
State Street (NYSE:STT) Frequently Asked Questions
What is State Street's stock symbol?
State Street trades on the New York Stock Exchange (NYSE) under the ticker symbol "STT."
How often does State Street pay dividends? What is the dividend yield for State Street?
State Street announced a quarterly dividend on Wednesday, May 15th. Stockholders of record on Monday, July 1st will be given a dividend of $0.47 per share on Tuesday, July 16th. This represents a $1.88 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, June 28th. View State Street's Dividend History.
How were State Street's earnings last quarter?
State Street Corp (NYSE:STT) issued its quarterly earnings data on Friday, July, 19th. The asset manager reported $1.45 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.40 by $0.05. The asset manager had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.86 billion. State Street had a net margin of 17.66% and a return on equity of 12.13%. The firm's revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 EPS. View State Street's Earnings History.
When is State Street's next earnings date?
What price target have analysts set for STT?
15 brokers have issued 1 year price objectives for State Street's stock. Their forecasts range from $53.00 to $105.00. On average, they anticipate State Street's share price to reach $68.5921 in the next year. This suggests a possible upside of 13.9% from the stock's current price. View Analyst Price Targets for State Street.
What is the consensus analysts' recommendation for State Street?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 2 sell ratings, 7 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for State Street.
Has State Street been receiving favorable news coverage?
News stories about STT stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. State Street earned a coverage optimism score of -2.9 on InfoTrie's scale. They also assigned media stories about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for State Street.
Are investors shorting State Street?
State Street saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 12,385,200 shares, an increase of 6.3% from the July 31st total of 11,647,400 shares. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.4% of the shares of the stock are short sold. View State Street's Current Options Chain.
Who are some of State Street's key competitors?
Some companies that are related to State Street include Itau Unibanco (ITUB), SBERBANK RUSSIA/S (SBRCY), Bank of Nova Scotia (BNS), Banco Bradesco (BBD), BANCO BRADESCO/S (BBDO), Bank of New York Mellon (BK), Northern Trust (NTRS), M&T Bank (MTB), Fifth Third Bancorp (FITB), Deutsche Bank (DB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), East West Bancorp (EWBC) and Signature Bank (SBNY).
What other stocks do shareholders of State Street own?
Who are State Street's key executives?
State Street's management team includes the folowing people:
- Mr. Ronald Philip O'Hanley, Pres, CEO & Director (Age 62)
- Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 55)
- Ms. Karen C. Keenan, Exec. VP, Chief Admin. Officer & Head of Global Markets (Age 56)
- Mr. Louis D. Maiuri, Exec. VP & COO (Age 54)
- Mr. Ian W. Appleyard, Exec. VP, Global Controller & Chief Accounting Officer (Age 54)
Who are State Street's major shareholders?
State Street's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.06%), BlackRock Inc. (8.06%), Vanguard Group Inc. (7.67%), Longview Partners Guernsey LTD (5.48%), Price T Rowe Associates Inc. MD (3.21%) and Barrow Hanley Mewhinney & Strauss LLC (2.31%). Company insiders that own State Street stock include Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Gregory L Summe, Hanley Ronald P O, Hannah M Grove, Jeff D Conway, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Louis D Maiuri and Saint-Aignan Patrick De. View Institutional Ownership Trends for State Street.
Which major investors are selling State Street stock?
STT stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Barrow Hanley Mewhinney & Strauss LLC, Bank of New York Mellon Corp, Invesco Ltd., Fayez Sarofim & Co, Bank of America Corp DE, Russell Investments Group Ltd. and Boston Partners. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, Hanley Ronald P O, Jeffrey N Carp and Joseph L Hooley. View Insider Buying and Selling for State Street.
Which major investors are buying State Street stock?
STT stock was acquired by a variety of institutional investors in the last quarter, including Longview Partners Guernsey LTD, Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, BlackRock Inc., BlackRock Inc., Kiltearn Partners LLP, Cubist Systematic Strategies LLC and Renaissance Technologies LLC. Company insiders that have bought State Street stock in the last two years include Gregory L Summe, Hanley Ronald P O, Louis D Maiuri and Saint-Aignan Patrick De. View Insider Buying and Selling 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 $60.22.
How big of a company is State Street?
State Street has a market capitalization of $22.44 billion and generates $12.97 billion in revenue each year. The asset manager earns $2.60 billion in net income (profit) each year or $7.22 on an earnings per share basis. State Street employs 40,142 workers across the globe.View Additional Information About State Street.
What is State Street's official website?
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]
MarketBeat Community Rating for State Street (NYSE STT)
MarketBeat's community ratings are surveys of what our community members think about State Street and other stocks. Vote "Outperform" if you believe STT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STT will underperform the S&P 500 over the long term. You may vote once every thirty days.
