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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNYSE:STT
Previous Symbol
CUSIP85747710
Phone617-786-3000
Debt
Debt-to-Equity Ratio0.50
Current Ratio0.50
Quick Ratio0.50
Price-To-Earnings
Trailing P/E Ratio10.66
Forward P/E Ratio8.60
P/E Growth0.98
Sales & Book Value
Annual Sales$11.81 billion
Price / Sales2.04
Cash Flow$9.4119 per share
Price / Cash Flow6.75
Book Value$50.92 per share
Price / Book1.25
Profitability
EPS (Most Recent Fiscal Year)$5.96
Net Income$2.18 billion
Net Margins19.90%
Return on Equity14.99%
Return on Assets1.21%
Miscellaneous
Employees36,643
Outstanding Shares379,540,000
Market Cap$24.11 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. Stockholders of record on Wednesday, January 2nd will be paid 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 2.96%. 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 of Directors has initiated a share repurchase program on Thursday, June 29th 2017, which allows the company to buyback $1,400,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 4.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.
How were State Street's earnings last quarter?
State Street Corp (NYSE:STT) released its quarterly earnings results on Friday, October, 19th. The asset manager reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $1.89 by $0.02. The asset manager had revenue of $2.95 billion for 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 for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.71 EPS. View State Street's Earnings History.
When is State Street's next earnings date?
What price target have analysts set for STT?
16 analysts have issued 1 year target prices for State Street's shares. Their forecasts range from $72.00 to $131.00. On average, they expect State Street's stock price to reach $97.1429 in the next year. This suggests a possible upside of 52.9% from the stock's current price. View Analyst Price Targets for State Street.
What is the consensus analysts' recommendation for State Street?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for State Street in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for State Street.
Has State Street been receiving favorable news coverage?
Media stories about STT stock have been trending somewhat positive recently, InfoTrie reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. State Street earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are some of State Street's key competitors?
Some companies that are related to State Street include Itau Unibanco (ITUB), Bank of Nova Scotia (BNS), Banco Bradesco (BBD), SBERBANK RUSSIA/S (SBRCY), Bank of New York Mellon (BK), BANCO BRADESCO/S (BBDO), M&T Bank (MTB), Northern Trust (NTRS), Deutsche Bank (DB), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), East West Bancorp (EWBC) and Signature Bank (SBNY).
Who are State Street's key executives?
State Street's management team includes the folowing people:
- Mr. Joseph L. Hooley Esq., Chairman & CEO (Age 60)
- Mr. Ronald Philip O'Hanley, Pres, COO & Director (Age 61)
- Mr. Eric Walter Aboaf, Exec. VP & CFO (Age 54)
- Mr. Andrew J. Erickson, Exec. VP & Head of Global Services (Age 48)
- Mr. Cyrus Russi Taraporevala, Pres & CEO of State Street Global Advisors (Age 52)
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 Massachusetts Financial Services Co. MA (7.64%), Vanguard Group Inc. (6.90%), Vanguard Group Inc (6.90%), BlackRock Inc. (5.99%), FMR LLC (3.53%) and Longview Partners Guernsey LTD (3.06%). 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 major investors are selling State Street stock?
STT stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, PNC Financial Services Group Inc., Pzena Investment Management LLC, AQR Capital Management LLC, Mitsubishi UFJ Trust & Banking Corp, Alliancebernstein L.P., The Manufacturers Life Insurance Company and Rothschild & Co. Asset Management US Inc.. 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 major investors are buying State Street stock?
STT stock was bought by a variety of institutional investors in the last quarter, including Longview Partners Guernsey LTD, Massachusetts Financial Services Co. MA, BlackRock Inc., American Century Companies Inc., Renaissance Technologies LLC, Deutsche Bank AG, Vanguard Group Inc and Vanguard Group Inc.. 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 $63.53.
How big of a company is State Street?
State Street has a market capitalization of $24.11 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?
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)
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.
