NYSE:STT - State Street Stock Price, News, & Analysis

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$70.47 +1.81 (+2.64 %)
(As of 01/17/2019 06:00 AM ET)
Previous Close$68.66
Today's Range$69.02 - $70.95
52-Week Range$57.87 - $114.27
Volume2.99 million shs
Average Volume3.00 million shs
Market Capitalization$25.98 billion
P/E Ratio11.82
Dividend Yield2.83%
Beta1.35
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company 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. It also provides investment management services, such as investment management, investment research, and investment advisory services to corporations, public funds, and other sophisticated investors, as well as offers passive and active asset management strategies across equity, fixed-income, alternative, multi-asset solutions, and cash asset classes. The company offers 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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Industry, Sector and Symbol

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

Debt

Current Ratio0.50
Quick Ratio0.50

Price-To-Earnings

Sales & Book Value

Annual Sales$11.81 billion
Price / Sales2.26
Cash Flow$9.6799 per share
Price / Cash Flow7.28
Book Value$50.92 per share
Price / Book1.38

Profitability

Net Income$2.18 billion
Net Margins19.90%
Return on Assets1.21%

Miscellaneous

Employees36,643
Market Cap$25.98 billion
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 declared a quarterly dividend on Thursday, December 13th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.47 per share on Wednesday, January 16th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, December 31st. View State Street's Dividend History.

How will State Street's stock buyback program work?

State Street announced that its board has authorized a stock buyback plan on Thursday, June 29th 2017, which allows the company to buyback $1,400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

How were State Street's earnings last quarter?

State Street Corp (NYSE:STT) released its quarterly earnings data on Friday, October, 19th. The asset manager reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $1.89 by $0.02. The asset manager earned $2.95 billion during the quarter, compared to the consensus estimate of $3.02 billion. State Street had a return on equity of 14.99% and a net margin of 19.90%. The firm's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 earnings per share. View State Street's Earnings History.

When is State Street's next earnings date?

State Street is scheduled to release their next quarterly earnings announcement on Friday, January 18th 2019. View Earnings Estimates for State Street.

How can I listen to State Street's earnings call?

State Street will be holding an earnings conference call on Friday, January 18th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774234013.

What price target have analysts set for STT?

17 brokerages have issued 12 month price targets for State Street's stock. Their predictions range from $64.99 to $131.00. On average, they expect State Street's stock price to reach $90.4333 in the next year. This suggests a possible upside of 28.3% from the stock's current price. View Analyst Price Targets for State Street.

What is the consensus analysts' recommendation for State Street?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 6 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for State Street.

Has State Street been receiving favorable news coverage?

News stories about STT stock have been trending positive on Thursday, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. State Street earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave press coverage about the asset manager a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the near future.

Who are some of State Street's key competitors?

Who are State Street's key executives?

State Street's management team includes the folowing people:
  • Mr. Joseph L. Hooley Esq., Chairman & CEO (Age 61)
  • Mr. Ronald Philip O'Hanley, Pres, COO & Director (Age 62)
  • Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 55)
  • Mr. Andrew J. Erickson, Exec. VP & Head of Global Services (Age 49)
  • Mr. Cyrus Russi Taraporevala, Pres & CEO of State Street Global Advisors (Age 53)

Who are State Street's major shareholders?

State Street's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Cornerstone Investment Partners LLC (0.18%), Woodstock Corp (0.03%), Prentiss Smith & Co. Inc. (0.03%), Gulf International Bank UK Ltd (0.02%), Addenda Capital Inc. (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own State Street stock include Amelia C Fawcett, Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Hannah M Grove, Jeff D Conway, Jeffrey N Carp, Joseph L Hooley, Karen C Keenan, Louis D Maiuri, Saint-Aignan Patrick De, Sean P Newth and Wai-Kwong Seck. 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 Gulf International Bank UK Ltd, Virtu Financial LLC, First Hawaiian Bank, Hennessy Advisors Inc., Douglass Winthrop Advisors LLC, Legacy Capital Partners Inc., State of Alaska Department of Revenue and Cape Cod Five Cents Savings Bank. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Andrew P Kuritzkes, Elizabeth Schaefer, George E Sullivan, Jeff D Conway, Joseph L Hooley and Karen C Keenan. View Insider Buying and Selling 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 Cornerstone Investment Partners LLC, Prentiss Smith & Co. Inc., CX Institutional, Coastline Trust Co, New England Research & Management Inc., Rockland Trust Co., DNB Asset Management AS and Cerebellum GP LLC. Company insiders that have bought State Street stock in the last two years include 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, Scottrade, Fidelity and Charles Schwab.

What is State Street's stock price today?

One share of STT stock can currently be purchased for approximately $70.47.

How big of a company is State Street?

State Street has a market capitalization of $25.98 billion and generates $11.81 billion in revenue each year. The asset manager earns $2.18 billion in net income (profit) each year or $5.96 on an earnings per share basis. State Street employs 36,643 workers across the globe.

What is State Street's official website?

The official website for State Street is http://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]


MarketBeat Community Rating for State Street (NYSE STT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  532 (Vote Outperform)
Underperform Votes:  676 (Vote Underperform)
Total Votes:  1,208
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.
This page was last updated on 1/17/2019 by MarketBeat.com Staff

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