State Street Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" State Street stock.
View analyst ratings for State Street or view top-rated stocks.

Wall Street analysts have given State Street a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but State Street wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

State Street saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 506,500 shares, a decrease of 87.8% from the June 15th total of 4,160,000 shares. Based on an average trading volume of 2,140,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.
View State Street's Short Interest.

State Street is scheduled to release its next quarterly earnings announcement on Friday, October 15th 2021.
View our earnings forecast for State Street.

State Street Co. (NYSE:STT) released its quarterly earnings data on Thursday, July, 15th. The asset manager reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.18. The asset manager earned $3.03 billion during the quarter, compared to the consensus estimate of $2.95 billion. State Street had a net margin of 20.21% and a trailing twelve-month return on equity of 10.67%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.86 EPS.
View State Street's earnings history.

State Street's stock was trading at $54.19 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, STT stock has increased by 62.3% and is now trading at $87.96.
View which stocks have been most impacted by COVID-19.

State Street announced a quarterly dividend on Thursday, July 15th. Investors of record on Friday, October 1st will be paid a dividend of $0.57 per share on Tuesday, October 12th. This represents a $2.28 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, September 30th. This is an increase from State Street's previous quarterly dividend of $0.52.
View State Street's dividend history.

State Street pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.41%. State Street does not yet have a strong track record of dividend growth. The dividend payout ratio of State Street is 31.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, State Street will have a dividend payout ratio of 24.97% next year. This indicates that State Street will be able to sustain or increase its dividend.
View State Street's dividend history.

12 brokers have issued 12 month price targets for State Street's stock. Their forecasts range from $75.00 to $117.00. On average, they expect State Street's stock price to reach $92.92 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
View analysts' price targets for State Street or view top-rated stocks among Wall Street analysts.

471 employees have rated State Street CEO Ronald O’Hanley on Glassdoor.com. Ronald O’Hanley has an approval rating of 73% among State Street's employees.

Some companies that are related to State Street include BlackRock (BLK), T. Rowe Price Group (TROW), The Bank of New York Mellon (BK), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), Invesco (IVZ), Ares Capital (ARCC), SEI Investments (SEIC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC), Main Street Capital (MAIN), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
View all of STT's competitors.

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), The 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 number of institutional and retail investors. Top institutional investors include Metropolis Capital Ltd (0.58%), Country Trust Bank (0.10%), Welch & Forbes LLC (0.02%), Allied Investment Advisors LLC (0.02%), State of Alaska Department of Revenue (0.02%) and IFM Investors Pty Ltd (0.01%). Company insiders that own State Street 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 for State Street.

STT stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, TIAA FSB, Country Trust Bank, Welch & Forbes LLC, and Essex Savings Bank. Company insiders that have sold State Street company stock in the last year include Andrew Erickson, Cyrus Taraporevala, David C Phelan, Francisco Aristeguieta, Ian Appleyard, John Lehner, and Michael L Richards.
View insider buying and selling activity for State Street or view top insider-selling stocks.

STT stock was acquired by a variety of institutional investors in the last quarter, including Metropolis Capital Ltd, Harel Insurance Investments & Financial Services Ltd., IFM Investors Pty Ltd, Cozad Asset Management Inc., Brookstone Capital Management, ST Germain D J Co. Inc., Allied Investment Advisors LLC, and New Mexico Educational Retirement Board. Company insiders that have bought State Street stock in the last two years include Hanley Ronald P O, and Saint-Aignan Patrick De.
View insider buying and selling activity for State Street or or view top insider-buying stocks.

Shares of STT 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 $87.96.

State Street has a market capitalization of $30.21 billion and generates $12.08 billion in revenue each year. The asset manager earns $2.42 billion in net income (profit) each year or $6.70 on an earnings per share basis.

State Street employs 39,439 workers across the globe.

The following companies are subsidiares of State Street: Antrim Corporation, BestX, Charles River Development, Charles River Systems, Charles River Systems Inc, Complementa, Currenex Inc, GE Asset Management, International Fund Services (N.A.) LLC, International Fund Services Ireland Limited, Investors Copley Securities Corporation, Offshore Financial Solutions LTD, PFS, Quincy Securities Corporation, SS Scarborough Pty Limited, SSB Realty LLC, Sail Trust, State Street Australia Limited, State Street Bank International GmbH, State Street Bank and Trust Company, State Street Europe Holdings Germany Sarl & Co KG, State Street Global Advisors Inc, State Street Global Advisors International Holdings Inc, State Street Global Advisors Limited, State Street Global Advisors Switzerland Holdings GmbH, State Street Global Advisors Trust Company, State Street Global Markets LLC, State Street Holdings Germany GmbH, State Street Intermediate Funding LLC, State Street International Holdings, State Street International Holdings Switzerland GmbH, State Street International Holdings UK Ltd, State Street Public Lending Corporation, State Street Social Investments Corporation, State Street Trust Company Canada, State Street Trust and Banking Company Limited, and The National Bank of Georgia.

State Street was founded in 1792.

The official website for State Street is www.statestreet.com.

State Street is headquartered at ONE LINCOLN STREET, BOSTON MA, 02111.

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]