NYSE:STT State Street Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding State Street Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $59.92 -2.03 (-3.28 %) (As of 09/21/2020 12:00 AM ET) Add Compare Share Today's Range$58.79Now: $59.92▼$61.3750-Day Range$61.95MA: $67.40▼$71.1852-Week Range$42.10Now: $59.92▼$85.89Volume3.29 million shsAverage Volume2.76 million shsMarket Capitalization$21.11 billionP/E Ratio9.04Dividend Yield3.36%Beta1.52 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 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. In addition, it offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer. 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.Read More Beat the Market (BTM) Rank™ 4.2 Analyst's Opinion Consensus RatingState Street has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $76.22, State Street has a forecasted upside of 27.2% from its current price of $59.92.Amount of Analyst CoverageState Street has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.1 Community Rank Outperform VotesState Street has received 617 “outperform” votes. (Add your “outperform” vote.)Underperform VotesState Street has received 819 “underperform” votes. (Add your “underperform” vote.)Community SentimentState Street has received 57.03% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend YieldState Street pays a meaningful dividend of 3.36%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthState Street has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of State Street is 33.71%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, State Street will have a dividend payout ratio of 32.10% next year. This indicates that State Street will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, State Street insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $58,438.00 in company stock.Percentage Held by InsidersOnly 0.28% of the stock of State Street is held by insiders.Percentage Held by Institutions90.33% of the stock of State Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for State Street are expected to decrease by -0.92% in the coming year, from $6.54 to $6.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of State Street is 9.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.37.Price to Earnings Ratio vs. SectorThe P/E ratio of State Street is 9.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.00.Price to Earnings Growth RatioState Street has a PEG Ratio of 1.09. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioState Street has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.2Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.38 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry State commercial banks Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNYSE:STT Previous Symbol CUSIP85747710 CIK93751 Webwww.statestreet.com Phone617-786-3000Debt Debt-to-Equity Ratio0.70 Current Ratio0.54 Quick Ratio0.54Price-To-Earnings Trailing P/E Ratio9.04 Forward P/E Ratio9.16 P/E Growth1.09 Sales & Book Value Annual Sales$13.13 billion Price / Sales1.61 Cash Flow$9.84 per share Price / Cash Flow6.09 Book Value$59.04 per share Price / Book1.01Profitability EPS (Most Recent Fiscal Year)$6.17 Net Income$2.24 billion Net Margins20.27% Return on Equity12.74% Return on Assets0.98%Miscellaneous Employees39,103 Outstanding Shares352,383,000Market Cap$21.11 billion Next Earnings Date10/16/2020 (Estimated) OptionableOptionable $59.92 -2.03 (-3.28 %) (As of 09/21/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive STT News and Ratings via Email Sign-up to receive the latest news and ratings for STT and its competitors with MarketBeat's FREE daily newsletter. State Street (NYSE:STT) Frequently Asked Questions How has State Street's stock 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 shares have increased by 10.6% and is now trading at $59.92. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of State Street? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 1 sell rating, 9 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for State Street. When is State Street's next earnings date? State Street is scheduled to release its next quarterly earnings announcement on Friday, October 16th 2020. View our earnings forecast for State Street. How were State Street's earnings last quarter? State Street Corp (NYSE:STT) issued its earnings results on Friday, July, 17th. The asset manager reported $1.86 EPS for the quarter, topping the Zacks' consensus estimate of $1.63 by $0.23. The asset manager earned $2.94 billion during the quarter, compared to analysts' expectations of $2.86 billion. State Street had a return on equity of 12.74% and a net margin of 20.27%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 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 announced a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 1st will be given a dividend of $0.52 per share on Thursday, October 15th. This represents a $2.08 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Wednesday, September 30th. View State Street's dividend history. What price target have analysts set for STT? 18 analysts have issued 1 year price objectives for State Street's stock. Their forecasts range from $59.00 to $95.00. On average, they expect State Street's stock price to reach $76.22 in the next year. This suggests a possible upside of 27.2% from the stock's current price. View analysts' price targets for State Street. Who are some of State Street's key competitors? Some companies that are related to State Street include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC) and Federated Investors (FII). View all 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 Verizon Communications (VZ), AT&T (T), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), AbbVie (ABBV), Bank of America (BAC), Walt Disney (DIS), Ford Motor (F), Johnson & Johnson (JNJ) and Intel (INTC). Who are State Street's key executives? State Street's management team includes the following 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) 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.90%), FMR LLC (4.67%), Bank of New York Mellon Corp (1.28%), LSV Asset Management (1.22%), Ninety One UK Ltd (0.98%) and Yacktman Asset Management LP (0.97%). Company insiders that own State Street stock include Andrew Erickson, Andrew P Kuritzkes, Gregory L Summe, Hanley Ronald P O, Ian Appleyard, Jeffrey N Carp, Joerg Ambrosius, John Lehner, Joseph L Hooley, Karen C Keenan, Louis D Maiuri, 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 Cooke & Bieler LP, Vanguard Group Inc., Two Sigma Advisers LP, Goldman Sachs Group Inc., First Trust Advisors LP, Bank of America Corp DE, Prudential Financial Inc., and Yacktman Asset Management LP. Company insiders that have sold State Street company stock in the last year include Andrew P Kuritzkes, Ian Appleyard, Jeffrey N Carp, Joerg Ambrosius, John Lehner, Joseph L Hooley, Karen C Keenan, Michael L Richards, and Robert Willett. View insider buying and selling activity for State Street. Which institutional investors are buying State Street stock? STT stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, LSV Asset Management, AJO LP, Strs Ohio, Metropolis Capital Ltd, Holocene Advisors LP, Bank of New York Mellon Corp, and Robeco Institutional Asset Management B.V.. 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 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 $59.92. How big of a company is State Street? State Street has a market capitalization of $21.11 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 39,103 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 9/22/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
