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

State Street's stock was trading at $54.19 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, STT stock has decreased by 4.5% and is now trading at $51.77. View which stocks have been mosted impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 1 sell rating, 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for State Street.

State Street is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for State Street.

State Street Corp (NYSE:STT) announced its quarterly earnings results on Friday, January, 17th. The asset manager reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.28. The asset manager had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.94 billion. State Street had a return on equity of 11.81% and a net margin of 18.14%. State Street's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. View State Street's earnings history.

State Street declared a quarterly dividend on Thursday, February 20th. Investors of record on Wednesday, April 1st will be given a dividend of $0.52 per share on Wednesday, April 15th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, March 31st. View State Street's dividend history.

16 brokers have issued twelve-month price objectives for State Street's shares. Their forecasts range from $48.00 to $95.00. On average, they anticipate State Street's share price to reach $76.36 in the next year. This suggests a possible upside of 47.5% from the stock's current price. View analysts' price targets for State Street.

News headlines about STT stock have trended very negative on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by monitoring 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 five, with scores nearest to five being the most favorable. State Street earned a media sentiment score of -3.7 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutState Street.

State Street saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 6,250,000 shares, an increase of 14.9% from the February 13th total of 5,440,000 shares. Based on an average trading volume of 2,960,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.8% of the company's shares are short sold. View State Street's Current Options Chain.

Some companies that are related to State Street include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Golub Capital BDC (GBDC).

Based on aggregate information from My MarketBeat watchlists, some companies that other State Street investors own include Verizon Communications (VZ), NVIDIA (NVDA), Walt Disney (DIS), Ford Motor (F), JPMorgan Chase & Co. (JPM), AT&T (T), Bank of America (BAC), Alibaba Group (BABA), Visa (V) and Netflix (NFLX).

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

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.

One share of STT stock can currently be purchased for approximately $51.77.

State Street has a market capitalization of $18.34 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. View additional information about State Street.

The official website for State Street is http://www.statestreet.com/.

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]