State Street - STT Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
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11 brokers have issued 1 year target prices for State Street's stock. Their STT share price forecasts range from $71.00 to $115.00. On average, they anticipate the company's share price to reach $84.81 in the next year. This suggests a possible upside of 13.9% from the stock's current price.
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State Street's stock was trading at $93.00 on January 1st, 2022. Since then, STT shares have decreased by 19.9% and is now trading at $74.46.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 17th 2022.
View our STT earnings forecast.

State Street Co. (NYSE:STT) released its quarterly earnings data on Sunday, October, 17th. The asset manager reported $2.00 earnings per share (EPS) 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 analyst estimates of $2.96 billion. State Street had a net margin of 22.61% and a trailing twelve-month return on equity of 11.64%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS.
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State Street announced a quarterly dividend on Thursday, July 21st. Stockholders of record on Monday, October 3rd will be given a dividend of $0.63 per share on Thursday, October 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, September 30th. This is an increase from the stock's previous quarterly dividend of $0.57.
Read our dividend analysis for STT.

State Street (NYSE:STT) pays an annual dividend of $2.28 per share and currently has a dividend yield of 3.04%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STT will have a dividend payout ratio of 25.94% 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 shareholders include Dodge & Cox (6.06%), FMR LLC (2.65%), Cooke & Bieler LP (1.12%), Northern Trust Corp (1.10%), Nordea Investment Management AB (0.97%) and Yacktman Asset Management LP (0.95%). Insiders that own company stock include Andrew Erickson, Andrew P Kuritzkes, Cyrus Taraporevala, David C Phelan, Francisco Aristeguieta, 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.

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 $74.46.

State Street (NYSE:STT) has a market capitalization of $27.37 billion and generates $12.03 billion in revenue each year. The asset manager earns $2.69 billion in net income (profit) each year or $7.22 on an earnings per share basis.

The company employs 38,784 workers across the globe.

State Street was founded in 1792.

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.